We will host an investor conference call and webcast at 8:30 a.m. Eastern Time on Friday, May 1, 2020, to review financial results for the first quarter ended March 31, 2020. Represents share-based compensation expense associated with equity awards for the periods indicated; also includes the portion of annual non-cash incentive compensation expense that eligible employees elected to receive or are expected to elect to receive as common equity in lieu of their 2019 and 2020 cash bonus, respectively. For the first quarter of 2020, system-wide sales growth was driven by comparable sales growth of 26.2%, including US comparable sales growth of 29.2%, as well as net restaurant growth of 6.9%. RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIESNon-GAAP Financial MeasuresReconciliation of EBITDA and Adjusted EBITDA to Net Income(Unaudited), Share-based compensation and non-cash incentive compensation expense(1), Corporate restructuring and tax advisory fees(2), Office centralization and relocation costs(3), RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIESNon-GAAP Financial MeasuresReconciliation of Net Income to Adjusted Net Income and Adjusted Diluted EPS(Unaudited), Interest expense and loss on extinguished debt(6), Weighted average diluted shares outstanding, RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIESNon-GAAP Financial MeasuresReconciliation of Net Leverage and Free Cash Flow(Unaudited), Current portion of long term debt and finance leases, Unamortized deferred financing costs and deferred issue discount, Net cash provided by (used for)operating activities, Non-GAAP Financial MeasuresFootnotes to Reconciliation Tables. OAKVILLE, ON, April 27, 2015 /CNW/ - Restaurant Brands International Inc. (TSX/NYSE: QSR, TSX: QSP) today reported financial results for the first quarter ended March 31, 2015. About Restaurant Brands International Inc. Press Release Franklin Junction Adds WingDepo™ To Growing Roster Of Virtual Restaurant Brands Published: Dec. 1, 2020 at 9:17 a.m. All News Blogs Videos Press Releases. The year-over year change in Adjusted EBITDA as reported and on an organic basis was primarily driven by the decrease in TH and BK Adjusted EBITDA, partially offset by an increase in PLK Adjusted EBITDA. RESTAURANT BRANDS INTERNATIONAL Press Release. Below, we define the non-GAAP financial measures, provide a reconciliation of each non-GAAP financial measure to the most directly comparable financial measure calculated in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), and discuss the reasons why we believe this information is useful to management and may be useful to investors. RBI owns three of the world’s most prominent and iconic quick service restaurant brands - TIM HORTONS®, BURGER KING®, and POPEYES®. In the last two weeks of March we saw daily comparable sales decrease on average by a percentage in the low thirties, however daily comparable sales are now down in the negative teens on a percentage basis as of the end of April. Other specifically identified costs associated with non-recurring projects are also excluded from Adjusted EBITDA, including corporate restructuring and tax advisory fees, and office centralization and relocation costs. from 8 AM - 9 PM ET. Restaurant Brands International Inc. (RBI) (TSX: QSR) (NYSE: QSR) (TSX: QSP) today announced that Sami Siddiqui has been appointed President of Popeyes Louisiana Kitchen for the Americas. Restaurant Brands International Inc. Reports Second Quarter 2020 Results. Free Cash Flow is the total of Net cash provided by (used for) operating activities minus Payments for property and equipment. Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted Earnings per Share, LTM Free Cash Flow, and Net Leverage are non-GAAP financial measures. These measures do not have standardized meanings under GAAP and may differ from similarly captioned measures of other companies in our industry. The factors that could cause actual results to differ materially from RBI's expectations are detailed in filings of RBI with the Securities and Exchange Commission and applicable Canadian securities regulatory authorities, such as its annual and quarterly reports and current reports on Form 8-K, and include the following: risks related to unforeseen events such as pandemics; risks related to supply chain; risks related to ownership and leasing of properties; risks related to our franchisees financial stability and their ability to access and maintain the liquidity necessary to operate their business; risks related to RBI's ability to successfully implement its domestic and international growth strategy and risks related to its international operations; risks related to RBI's ability to compete domestically and internationally in an intensely competitive industry; risks related to technology; and changes in applicable tax laws or interpretations thereof. Other than as required under U.S. federal securities laws or Canadian securities laws, we do not assume a duty to update these forward-looking statements, whether as a result of new information, subsequent events or circumstances, change in expectations or otherwise. Restaurant Brands New Zealand Limited is listed on the New Zealand Stock Exchange (NZX) under issuer code RBD, and on the Australian Securities Exchange (ASX) under issuer code RBD. Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with approximately $32 billion in annual system … By disclosing these non-GAAP measures, we intend to provide investors with a consistent comparison of our operating results and trends for the periods presented. Our Q1 results were obviously impacted by COVID-19 despite the strength and expertise of our diversified global businesses that quickly responded to the crisis. See insights on Restaurant Brands International including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Represents loss on early extinguishment of debt and interest expense, which represents non-cash interest expense related to losses reclassified from accumulated other comprehensive income (loss) into interest expense in connection with interest rate swaps de-designated in May 2015 and November 2019. Comparable sales refers to the percentage change in restaurant sales in one period from the same prior year period for restaurants that have been open for 13 months or longer for TH and BK and 17 months or longer for PLK. Restaurant Brands International Inc. is one of the world’s largest quick service restaurant companies with approximately $32 billion in annual system-wide sales and 27,000 restaurants in more than 100 countries and U.S. territories. Free Cash Flow is a liquidity measure used by management as one factor in determining the amount of cash that is available for working capital needs or other uses of cash, however, it does not represent residual cash flows available for discretionary expenditures. The AP news staff was not involved in its creation. OAKVILLE, ON, May 14, 2015/ PRNewswire/- Restaurant Brands International Inc. and 1011778 B.C. RBI establishes support programs for restaurant owners and team members impacted by COVID-19, Response to COVID-19 crisis includes the rapid advancement of digital platforms, POPEYES® delivers remarkable system-wide sales growth of 32% led by the Chicken Sandwich, RBI further enhances strong liquidity position of $2.5 billion by adding $500 million of 1st Lien Notes in April. A reconciliation of Adjusted EBITDA for each of those quarters was included in our press release attached as Exhibit 99 to our Form 8-Ks filed with the SEC on February 10, 2020, October 28, 2019, August 2, 2019. Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with approximately $34 billion in annual system … Additionally, if a restaurant is closed for a significant portion of a month, the restaurant is excluded from the monthly comparable sales calculation. We do not record franchise sales as revenues; however, our franchise revenues include royalties based on a percentage of franchise sales. KFC opens new restaurant in Maximo Mall. Company Release - 8/6/2020 6:30 AM ET. KFC Italy focuses on digital and launches e-commerce. Vote “Outperform” if you believe QSR will outperform the S&P 500 over the long term. RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIESNon-GAAP Financial MeasuresOrganic Growth in Revenue and Adjusted EBITDAThree Months Ended March 31, 2020(Unaudited). Adjusted Net Income and Adjusted Diluted EPS are used by management to evaluate the operating performance of the business, excluding certain non-cash and other specifically identified items that management believes are not relevant to management's assessment of operating performance or the performance of an acquired business. Drive thru and digital channels drive 30-point recovery in comparable sales across brands from end of March to June . About Restaurant Brands International Inc. November 25, 2020. On a GAAP basis, FX movements resulted in a further decrease. The AP news staff was not involved in its creation. With the acquisition of Johnny Rockets, FAT Brands will have more than 700 franchised and company owned restaurants around the globe with … Restaurant Brands International Inc. is one of the world’s largest quick service restaurant companies with approximately $31 billion in annual system-wide sales and over 27,000 restaurants in more than 100 countries and U.S. territories. Adjusted Diluted EPS is calculated by dividing Adjusted Net Income by the weighted average diluted shares outstanding of RBI during the reporting period. Unlimited Liability Company and New Red Finance, Inc. announced today that the Issuers priced their previously announced offering of $1,250 million in aggregate principal amount of 4.625% First Lien Senior Secured Notes due 2022. Represents (i) (income) loss from equity method investments and (ii) cash distributions received from our equity method investments. "We are fortunate to have drive-thru, take-out, mobile order and payment, curbside and delivery options in many of our restaurants that have allowed us to be a safe, trusted and convenient choice for millions of guests who have had to change their routines or stay at home in these extraordinary times. The dividend will be payable on June 30, 2020 to shareholders and unitholders of record at the close of business on June 17, 2020. System-wide sales growth and comparable sales are measured on a constant currency basis, which means that results exclude the effect of foreign currency translation and are calculated by translating prior year results at current year monthly average exchange rates. Restaurant Brands New Zealand Limited operates the New Zealand outlets of KFC, Pizza Hut and Carl's Jr. together with KFC in Australia and Pizza Hut and Taco Bell in Hawaii, Guam and Saipan. Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with approximately $34 billion in annual system-wide sales and over 27,000 restaurants in more than 100 countries and U.S. territories. November 5, 2020 Benzinga News Bronstein, Gewirtz & Grossman, LLC Notifies Restaurant Brands International Inc. of Class Action and Encourages Shareholders to Contact the Firm. These independently operated brands have been serving their respective guests, franchisees and communities for over 45 years. Segment SG&A includes segment selling expenses, including advertising fund expenses, and segment general and administrative expenses and excludes share-based compensation and non-cash incentive compensation expense, depreciation and amortization, corporate restructuring and tax advisory fees, and office centralization and relocation costs. In particular, we have worked very closely with our restaurant owners to help them and their team members weather this global crisis.". The global spread of COVID-19 in March impacted sales performance in the quarter. These forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Net losses (gains) on foreign exchange is primarily related to revaluation of foreign denominated assets and liabilities. This press release template includes space to accommodate all the necessary aspects of a standard business press release. Restaurant Brands International Inc. ("RBI") is one of the world's largest quick service restaurant companies with more than $30 billion in system … Press release content from PR Newswire. Press Release issued Nov 10, 2020: An investor, who purchased shares of Restaurant Brands International Inc. (NYSE:QSR), filed a lawsuit over alleged violations of Securities Laws by Restaurant Brands International Inc. in connection with the Company's secondary public offerings conducted in August and September 2019. Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "I am very proud of the entire RBI family through these early days of the COVID-19 crisis. Gains and losses recognized in the current period may reflect certain costs related to closures and refranchisings that occurred in previous periods. Note: System-wide sales growth and comparable sales are calculated on a constant currency basis and include sales at franchise restaurants and company-owned restaurants. Adjusted EBITDA, as defined above, also represents our measure of segment income for each of our three operating segments. See Press Release National Restaurant Association Show Makes History With 100th Anniversary Event For the fifth year-in-a-row, the Show had record exhibit space sales at 725,869 square feet and welcomed 42,557 restaurant operators, retail foodservice professionals, equipment dealers, food distributors, and many others - 3% more than 2018. Cash distributions received from our equity method investments is included in segment income. Our cash balance at quarter end reflects our decision to proactively draw down substantially all of our $1 billion revolving credit facility in mid-March out of an abundance of caution. RESTAURANT BRANDS ALERT: Bragar Eagel & Squire, P.C. TORONTO, Oct. 19, 2020 /PRNewswire/ - Restaurant Brands International Inc. (TSX: QSR) (NYSE: QSR) (TSX: QSP) will release its third quarter … We analyze key operating metrics on a constant currency basis as this helps identify underlying business trends, without distortion from the effects of currency movements. Depreciation and amortization included in selling, general and administrative expenses reflects all other depreciation and amortization. Where permitted, many of our restaurants are operating with limited service modes serving food through channels such as drive-thru, delivery, and take-out. is Investigating Restaurant Brands International, Inc. on Behalf of Restaurant Brands Stockholders and Encourages Investors to … About Restaurant Brands International Inc. Insert your company logo, and provide contact information, release date/time instructions, a direct, engaging headline, boilerplate text, a call to action (CTA), and end notation. Adjusted EBITDA is defined as EBITDA excluding the non-cash impact of share-based compensation and non-cash incentive compensation expense and (income) loss from equity method investments, net of cash distributions received from equity method investments, as well as other operating expenses (income), net. No significant amounts were received for the three months ended March 31, 2020. Our teams have taken thoughtful and immediate actions to protect and serve our guests and our restaurant owners have shown great resilience in overcoming the challenges we all face. The global spread of COVID-19 in March had a particularly strong impact on sales performance in the quarter. These forward-looking statements include statements about our expectations regarding the effects of the COVID-19 pandemic on our results of operations, liquidity and prospects and those of our franchisees, digital engagement, our efforts to assist restaurant owners in maintaining liquidity, our Winning Together Plan and long-term growth prospects. Net losses (gains) on disposal of assets, restaurant closures, and refranchisings represent sales of properties and other costs related to restaurant closures and refranchisings. Restaurant Brands International has 6,300 employees across 6 locations and $5.60 B in annual revenue in FY 2019. Please refer to "Non-GAAP Financial Measures" for further detail. Restaurant Brands International Inc. The change in Adjusted EBITDA during the three months ended March 31, 2020 compared to the three months ended March 31, 2019 includes a decrease of $20 million related to the temporary mismatch between advertising fund revenues and expenses which had a negative impact of approximately (4.0)% on the organic Adjusted EBITDA growth rate. MarketBeat's community ratings are surveys of what our community members think about Restaurant Brands International Inc. (QSR.TO) and other stocks. Corner Bakery Partners With Pandya Restaurant Growth Brands To Support Next Chapter of Growth. Restaurant Brands International Inc. (QSR.TO) has received 54.82% “underperform” votes from our community. LTM Adjusted EBITDA as of March 31, 2020 is the sum of the Adjusted EBITDA for the quarters ended March 31, 2020, December 31, 2019, September 30, 2019, and June 30, 2019, while LTM Adjusted EBITDA as of March 31, 2019 is the sum of the Adjusted EBITDA for the quarters ended March 31, 2019, December 31, 2018, September 30, 2018 and June 30, 2018. ... Press Release. In the last two weeks of March we saw daily comparable sales approximately flat on average, however daily comparable sales have returned to pre-COVID-19 levels as of the end of April. The year-over-year change in Total Revenues on a GAAP and on an organic basis was primarily driven by the decrease in system-wide sales, which was concentrated in the month of March. These independently operated brands have been serving their respective guests, franchisees and communities for over 45 years. Costs arising primarily from professional advisory and consulting services associated with corporate restructuring initiatives related to the interpretation and implementation of the Tax Cuts and Jobs Act, which was enacted on December 22, 2017, including final, proposed and temporary Treasury regulations proposed between 2018 and 2020. Sami has most recently served as President of Asia-Pacific for RBI, leading the growth of Popeyes, Burger King and Tim Hortons throughout the region, including introducing the Popeyes brand in China and … Adjusted EBITDA is used by management to measure operating performance of the business, excluding these non-cash and other specifically identified items that management believes are not relevant to management's assessment of operating performance or the performance of an acquired business. The year-over-year change in Adjusted EBITDA as reported and on an organic basis was primarily driven by the decrease in system-wide sales. The AP news staff was not involved in its creation. NPC International, Inc. is the largest franchisee of any restaurant concept in the U.S., based on unit count, and the fifth largest restaurant unit operator, based on unit count, in the U.S. Whilst all companies in the foodservice sector will see a decline in revenues owing to the sprea Restaurant Brands International Inc. Management believes that organic growth is an important metric for measuring the operating performance of our business as it helps identify underlying business trends, without distortion from the effects of FX movements. The year-over-year change in Total Revenues on a GAAP basis was primarily driven by a decline in system wide sales at TH and BK and a decrease in supply chain sales, partially offset by an increase in system wide sales at PLK. For the first quarter of 2020, the decrease in system-wide sales growth was primarily driven by comparable sales of (10.3)%, including Canada comparable sales of (10.8)%, partially offset by net restaurant growth of 1.2%. About Us; Our Brands; News; Corporate Info; Our People; Contact Us; News Archive; Quarterly Sales Releases; Results Announcements; Other Announcements ET TORONTO, May 1, 2020 /PRNewswire/ - Restaurant Brands International Inc. (TSX/NYSE: QSR, TSX: QSP) today reported financial results for the first quarter ended March 31, 2020. System-wide sales growth refers to the percentage change in sales at all franchise and company-owned restaurants in one period from the same period in the prior year. View original content to download multimedia: http://www.prnewswire.com/news-releases/restaurant-brands-international-inc-announces-participation-at-upcoming-investor-conference-301180033.html. For the first quarter of 2020, the decrease in system-wide sales growth was driven by a decrease in comparable sales of (3.7)%, including a decrease in US comparable sales of (6.5)%, partially offset by net restaurant growth of 5.8%. The three Baltic states are among the few remaining countries in Europe where Burger King currently does not have restaurants. Restaurant Brands International (NYSE: QSR) reported its 4th quarter and full year results on February 12, 2019 before the market opened. LTM Adjusted EBITDA is defined as Adjusted EBITDA for the last twelve month period to the date reported. It is also a constituent company of the NZX 50 Index. RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIESNon-GAAP Financial Measures(Unaudited). RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIESSupplemental Disclosure(Unaudited), Selling, General and Administrative Expenses, Share-based compensation and non-cash incentive compensation expense, Corporate restructuring and tax advisory fees, Office centralization and relocation costs. In Asia Pacific approximately 20% of our restaurants were temporarily closed due to COVID-19 as of the end of the quarter, an improvement from February. Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with approximately $32 billion in annual system-wide sales and 27,000 restaurants … This decrease was also driven by FX movements on an as reported basis. Brands today announced the completion of its acquisition of The Habit Restaurants, Inc. following the approval by The Habit Burger Grill stockholders. TORONTO, Nov. 2, 2020 /CNW/ - Burger King has proudly opened its 300th restaurant in Canada, located in Richmond Hill, Ont. Adjusted income tax expense includes the tax impact of the non-GAAP adjustments and is calculated using our statutory tax rate in the jurisdiction in which the costs were incurred. The RBI Board of Directors has declared a dividend of $0.52 per common share and partnership exchangeable unit of Restaurant Brands International Limited Partnership for the second quarter of 2020. Net Income Attributable to Common Shareholders and Noncontrolling Interests. The earnings call will be broadcast live via our investor relations website at http://investor.rbi.com and a replay will be available for 30 days following the release. Find the latest press releases from Restaurant Brands International Inc. Common Shares (QSR) at Nasdaq.com. The AP news staff was not involved in its creation. FX movements added to the year-over-year decrease in Total Revenues on a GAAP basis. Yum! About Restaurant Brands International Restaurant Brands International Inc. ("RBI") is one of the world's largest quick service restaurant companies with more than $27 billion in system-wide sales and over 23,000 restaurants in more than 100 countries and U.S. territories. Press release content from Business Wire. About Restaurant Brands International. Restaurant Brands International Inc. is one of the world’s largest quick service restaurant companies with approximately $31 billion in annual system-wide sales and over 27,000 restaurants in more than 100 countries and U.S. territories. The year-over-year change in Adjusted EBITDA as reported and on an organic basis was primarily driven by system-wide sales growth. Burger King today announced a new agreement to open restaurants in Estonia, Latvia and Lithuania. RBI owns three of the world's most prominent and iconic quick service restaurant brands - TIM HORTONS®, BURGER KING®, and POPEYES®. -Restaurant Brands International Inc. today reported financial results for the full year and fourth quarter ended December 31, 2019. Accounts and notes receivable, net of allowance of $16 and $13, Property and equipment, net of accumulated depreciation and amortization of. Net restaurant growth refers to the net increase in restaurant count (openings, net of permanent closures) over a trailing twelve month period, divided by the restaurant count at the beginning of the trailing twelve month period. In Europe, Middle East and Africa as well as Latin America, approximately half of our restaurants were temporarily closed due to COVID-19 as of the end of the quarter. Restaurant Brands International Inc. is one of the world’s largest quick service restaurant companies with approximately $32 billion in annual system-wide sales and 27,000 restaurants in more than 100 countries and U.S. territories. Note: Percentage changes may not recalculate due to rounding. TH Adjusted EBITDA includes $2 million and $3 million of cash distributions received from equity method investments for the three months ended March 31, 2020 and 2019, respectively. The effective tax rate was reduced by 0.1% and 4.1% for the three months ended March 31, 2020 and 2019, respectively, and our adjusted effective tax rate was reduced by 0.1% and 3.9% for the three months ended March 31, 2020 and 2019, respectively, as a result of benefits from stock option exercises. The dial-in number is (877) 317-6711 for U.S. callers, (866) 450-4696 for Canadian callers, and (412) 317-5475 for callers from other countries. Changes in current assets and liabilities, excluding acquisitions and dispositions: Inventories and prepaids and other current assets, Other accrued liabilities and gift card liability, Net cash provided by operating activities, Net proceeds from disposal of assets, restaurant closures, and refranchisings, Net cash (used for) provided by investing activities, Proceeds from revolving line of credit and long-term debt, Repayments of long-term debt and finance leases, Payment of dividends on common shares and distributions on Partnership exchangeable units, Net cash provided by (used for) financing activities, Effect of exchange rates on cash and cash equivalents, Increase (decrease) in cash and cash equivalents, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIESKey Operating Metrics. Da We evaluate our restaurants and assess our business based on the following operating metrics. RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIESCondensed Consolidated Statements of Operations(In millions of U.S. dollars, except per share data)(Unaudited), Selling, general and administrative expenses, (Income) loss from equity method investments, Net income attributable to noncontrolling interests, Net income attributable to common shareholders, RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIESCondensed Consolidated Balance Sheets(In millions of U.S. dollars, except share data)(Unaudited), Accounts and notes receivable, net of allowance of $16 and $13, respectively, Property and equipment, net of accumulated depreciation and amortization of$751 and $746, respectively, Net investment in property leased to franchisees, Current portion of long-term debt and finance leases, Operating lease liabilities, net of current portion, Common shares, no par value; unlimited shares authorized at March 31,2020 and December 31, 2019; 299,767,716 shares issued and outstandingat March 31, 2020; 298,281,081 shares issued and outstanding at December 31, 2019, Accumulated other comprehensive income (loss), Total Restaurant Brands International Inc. shareholders' equity, Total liabilities and shareholders' equity, RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIESCondensed Consolidated Statements of Cash Flows(In millions of U.S. dollars)(Unaudited). Press Release issued Nov 10, 2020: An investor, who purchased shares of Restaurant Brands International Inc. (NYSE:QSR), filed a lawsuit over alleged violations of Securities Laws by Restaurant Brands International Inc. in connection with the Company's secondary public offerings conducted in August and September 2019. QSR: Get the latest Restaurant Brands International stock price and detailed information including QSR news, historical charts and realtime prices. TORONTO, Nov. 24, 2020 /PRNewswire/ - Restaurant Brands International Inc. (TSX: QSR) (NYSE: QSR) (TSX: QSP) (“RBI”) announced today that the company will participate virtually in the Morgan Stanley Virtual Global Consumer & Retail Conference on December 1, 2020 at 3:00 pm Eastern Time. Milan, Italy, November 25- Kentucky Fried Chicken is among the leading brands of the food court in the New Maximo shopping center, which wi... Read More. 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