Every 8-K that Restaurant Brands International Inc. (QSR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow QSR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full QSR filings page.
Restaurant Brands International Inc. reported that its affiliate Restaurant Brands International Limited Partnership received an irrevocable exchange notice from 3G Restaurant Brands Holdings LP to exchange 2,784,549 Class B exchangeable limited partnership units. RBI LP plans to repurchase all of these Exchangeable Units for cash using available cash on hand.
After settlement, the Exchangeable Units will be cancelled, reducing RBI’s fully diluted common shares by 2,784,549. On an as-adjusted basis, 3G Restaurant Brands Holdings LP is expected to hold approximately 21% of RBI’s fully diluted common shares. The exchange is scheduled to occur on August 31, 2026, with the cash repurchase price based on the 20-day volume weighted average price of RBI common shares on the NYSE in U.S. dollars.
Restaurant Brands International reported solid second-quarter 2026 growth, with consolidated system-wide sales of $12,702 million, up from $11,853 million, and global comparable sales of 3.8%, including 8.5% at Burger King US and 5.5% in International markets. Total revenues rose to $2,520 million from $2,410 million. Income from operations increased to $716 million from $483 million, and net income from continuing operations grew to $665 million, with diluted EPS from continuing operations of $1.45 versus $0.58 a year earlier.
Adjusted metrics also improved: Adjusted Operating Income was $715 million (organic growth 6.7%), Adjusted EBITDA $810 million, and adjusted diluted EPS $1.07, up from $0.94 (organic growth 12.3%). International system-wide sales grew 10.7%, supported by resumed BK China royalties, while Burger King posted 8.6% comparable sales growth. Popeyes saw lower comparable sales of (5.1)%, while Firehouse Subs benefited from 8.1% net restaurant growth. Six-month free cash flow reached $648 million versus $465 million, net leverage improved to 4.1x from 4.6x, and the company returned $435 million to shareholders via dividends and share repurchases, remaining on track for 8% organic Adjusted Operating Income growth in 2026.
Restaurant Brands International Inc. reported the results of its 2026 Annual Meeting of Shareholders held on June 3, 2026. Shareholders elected ten directors, approved executive compensation on a non-binding advisory basis, and reappointed KPMG LLP as auditors until the close of the 2027 annual meeting.
Each director nominee received strong majority support, with votes for each in the hundreds of millions and relatively few votes against or abstentions. The advisory vote on named executive officer pay was also supported by a large majority of votes cast, and shareholders authorized the board to fix KPMG LLP’s remuneration as auditors.
Restaurant Brands International reported solid first-quarter 2026 results, with consolidated system-wide sales of $11.51 billion, up from $10.50 billion, and comparable sales growth of 3.2%. Total revenues rose to $2,264 million from $2,109 million.
Income from operations increased to $606 million, a 39.3% rise, while net income from continuing operations reached $445 million versus $223 million. Diluted EPS from continuing operations nearly doubled to $0.97 from $0.49.
Adjusted metrics were strong: Adjusted Operating Income was $610 million with 10.7% organic growth, Adjusted EBITDA was $706 million, and Adjusted EPS was $0.86, up from $0.75 with 14.6% nominal and 11.0% organic growth. Free cash flow improved to $169 million from $54 million, and net leverage declined to 4.2x from 4.7x. The company resumed share repurchases in March, expects to repurchase $500 million in 2026, and reiterated its goal of 8%+ organic Adjusted Operating Income growth for 2026.
Restaurant Brands International reported fourth-quarter and full-year 2025 results showing steady topline growth but softer GAAP profitability. System-wide sales grew 5.8% in Q4 and 5.3% for 2025, with consolidated comparable sales up 3.1% in Q4. Total revenues reached $2,466 million in Q4 and $9,434 million for 2025, up from $2,296 million and $8,406 million in 2024.
Income from operations declined to $2,202 million for 2025 from $2,419 million, and net income from continuing operations fell to $1,201 million from $1,445 million, partly reflecting higher taxes and a non-cash charge tied to Burger King China, which contributed to discontinued operations. On an adjusted basis, performance was stronger: Adjusted Operating Income rose to $2,584 million from $2,402 million and Adjusted EBITDA to $2,970 million from $2,784 million, with organic AOI growth of 8.3% for 2025 and 15.6% in Q4.
Adjusted diluted EPS increased to $3.69 in 2025 from $3.34, while reported diluted EPS from continuing operations declined to $2.63 from $3.18. Net leverage improved to 4.2x from 4.6x, and the company returned about $1.1 billion to shareholders in 2025. The board declared a first-quarter 2026 dividend of $0.65 per share and set a 2026 annual dividend target of $2.60 per share. For 2026, RBI guides Segment G&A (excluding RH) to $600–$620 million, RH Segment G&A to about $100 million, Adjusted Interest Expense, net, to $500–$520 million, and Total Capex and Cash Inducements to around $400 million. Management reiterates a 2024–2028 long-term algorithm of 3%+ comparable sales and 8%+ organic Adjusted Operating Income growth.
Restaurant Brands International (QSR) disclosed an underwriting agreement for a secondary offering by HL1 17 LP, an affiliate of 3G Capital. The transaction covers up to 17,626,570 common shares, to be sold to the underwriter at $68.72 per share via a forward sale structure. RBI is not selling any shares and will not receive proceeds.
BofA Securities will act as underwriter and forward counterparty. In the offering, the forward counterparty or its affiliates agreed to borrow and sell 9,785,784 shares, and may sell up to 7,840,786 additional shares tied to indications of interest from two investors. The selling shareholder is expected to physically settle the forward by delivering the shares and receive cash at $68.72 per share, with settlement expected on or before December 3, 2025. Closing of the offering is expected on November 17, 2025. 3G-related funds agreed to a 45‑day lock-up, subject to exceptions.
Restaurant Brands International (QSR) announced a joint venture for Burger King China with CPE Alder Investment Limited. CPE will invest $350 million of new primary capital at closing and is expected to own approximately 83% of the JV, while RBI will retain approximately 17% and a board seat. RBI will not receive cash proceeds; the capital stays in the JV to fund growth, with closing targeted for Q1 2026 subject to customary regulatory approvals.
RBI will enter a 20-year master development agreement with the JV’s subsidiary, setting targets to grow from about 1,250 restaurants today to roughly double by 2030 and to more than 4,000 by 2035. As a result of selling a significant portion of the China business and the implied valuation, RBI expects a non-cash impairment charge of approximately $150 million related to its Burger King China holdings. The China operations remain classified as held for sale and reported in discontinued operations.
Restaurant Brands International (QSR) furnished an update on its recent performance. The company filed an 8‑K to report that it issued a press release and supplemental financial and operational information covering results for the three and nine months ended September 30, 2025. These materials are included as Exhibit 99 and were released on October 30, 2025.
The disclosure is made under Item 2.02 – Results of Operations and Financial Condition, with the cover page XBRL tags embedded in the Inline XBRL document as Exhibit 104.