Restaurant Brands International Q1 2024 Update

TL;DR

RBI Q1 2024 results are in. Check the 10-Q for details on revenue, profit, and brand performance.

AI Summary

Restaurant Brands International Inc. reported its first quarter 2024 results for the period ending March 31, 2024. The company's financial statements and disclosures are contained within this 10-Q filing. Specific financial figures and operational details for the quarter are detailed within the document.

Why It Matters

This filing provides investors with the latest financial performance and operational insights for Restaurant Brands International, including key metrics for brands like Burger King and Tim Hortons.

Risk Assessment

Risk Level: medium — As a publicly traded company in the highly competitive restaurant industry, RBI faces ongoing market, operational, and financial risks.

Key Numbers

• 2024-03-31 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 2024-04-30 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Restaurant Brands International Inc. (company) — Filer of the 10-Q
• 20240331 (date) — End of the reporting period
• 20240430 (date) — Filing date
• Burger King (company) — Brand owned by RBI
• Tim Hortons (company) — Brand owned by RBI

FAQ

From the Filing

0001618756-24-000082.txt : 20240430 0001618756-24-000082.hdr.sgml : 20240430 20240430155544 ACCESSION NUMBER: 0001618756-24-000082 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 90 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240430 DATE AS OF CHANGE: 20240430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Restaurant Brands International Inc. CENTRAL INDEX KEY: 0001618756 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-36786 FILM NUMBER: 24896920 BUSINESS ADDRESS: STREET 1: 130 KING STREET WEST STREET 2: SUITE 300 CITY: TORONTO STATE: A6 ZIP: M5X 1E1 BUSINESS PHONE: (905) 845-6511 MAIL ADDRESS: STREET 1: 130 KING STREET WEST STREET 2: SUITE 300 CITY: TORONTO STATE: A6 ZIP: M5X 1E1 FORMER COMPANY: FORMER CONFORMED NAME: 9060669 Canada Inc. DATE OF NAME CHANGE: 20141028 FORMER COMPANY: FORMER CONFORMED NAME: 1011773 B.C. Unlimited Liability Co DATE OF NAME CHANGE: 20140905 10-Q 1 qsr-20240331.htm 10-Q qsr-20240331 false 2024 Q1 0001618756 12/31 9 1 1 1 1 1 http://fasb.org/us-gaap/2023#OtherAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAccruedLiabilitiesCurrent 0001618756 2024-01-01 2024-03-31 0001618756 2024-04-23 xbrli:shares 0001618756 2024-03-31 iso4217:USD 0001618756 2023-12-31 iso4217:USD xbrli:shares 0001618756 2023-01-01 2023-12-31 0001618756 us-gaap:ProductMember 2024-01-01 2024-03-31 0001618756 us-gaap:ProductMember 2023-01-01 2023-03-31 0001618756 qsr:RoyaltyPropertyRevenueandFranchisorMember 2024-01-01 2024-03-31 0001618756 qsr:RoyaltyPropertyRevenueandFranchisorMember 2023-01-01 2023-03-31 0001618756 us-gaap:AdvertisingMember 2024-01-01 2024-03-31 0001618756 us-gaap:AdvertisingMember 2023-01-01 2023-03-31 0001618756 2023-01-01 2023-03-31 0001618756 us-gaap:CommonStockMember 2023-12-31 0001618756 us-gaap:RetainedEarningsMember 2023-12-31 0001618756 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001618756 us-gaap:NoncontrollingInterestMember 2023-12-31 0001618756 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001618756 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001618756 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001618756 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001618756 us-gaap:CommonStockMember 2024-03-31 0001618756 us-gaap:RetainedEarningsMember 2024-03-31 0001618756 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001618756 us-gaap:NoncontrollingInterestMember 2024-03-31 0001618756 us-gaap:CommonStockMember 2022-12-31 0001618756 us-gaap:RetainedEarningsMember 2022-12-31 0001618756 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001618756 us-gaap:NoncontrollingInterestMember 2022-12-31 0001618756 2022-12-31 0001618756 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001618756 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001618756 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-03-31 0001618756 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001618756 us-gaap:CommonStockMember 2023-03-31 0001618756 us-gaap:RetainedEarningsMember 2023-03-31 0001618756 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001618756 us-gaap:NoncontrollingInterestMember 2023-03-31 0001618756 2023-03-31 0001618756 qsr:TimHortonsMember 2024-03-31 qsr:restaurant 0001618756 qsr:BurgerKingMember 2024-03-31 0001618756 qsr:PopeyesLouisianaKitchenMember 2024-03-31 0001618756 qsr:FirehouseSubsRestaurantsMember 2024-03-31 qsr:country 0001618756 2024-04-01 2024-03-31 0001618756 2025-01-01 2024-03-31 0001618756 2026-01-01 2024-03-31 0001618756 2027-01-01 2024-03-31 0001618756 2028-01-01 2024-03-31 0001618756 2029-01-01 2024-03-31 0001618756 us-gaap:ProductMember qsr:TimHortonsMember 2024-01-01 2024-03-31 0001618756 us-gaap:ProductMember qsr:BurgerKingMember 2024-01-01 2024-03