Every 8-K that RESTAURANT BRANDS INTL LP (RSTRF) 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 RSTRF 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 RSTRF filings page.
Restaurant Brands International Limited Partnership reported that affiliate 3G Restaurant Brands Holdings LP has delivered an irrevocable exchange notice to exchange 2,784,549 Class B exchangeable limited partnership units. RBI LP intends to repurchase all of these Exchangeable Units for cash using available cash on hand, with the repurchase price based on the 20-day volume weighted average price of Restaurant Brands International Inc. common shares on the NYSE in U.S. dollars, in accordance with the partnership agreement.
Once settled, the exchanged units will be cancelled, reducing RBI’s fully diluted common shares by 2,784,549. On an as-adjusted basis after the exchange, 3G Restaurant Brands Holdings LP is expected to hold approximately 21% of RBI’s fully diluted common shares. The exchange date is scheduled for August 31, 2026. The company highlights that it plans to fund the repurchase from existing cash on hand.
Restaurant Brands International Inc. reported stronger second-quarter 2026 results, with consolidated system-wide sales growth of 6.4% and system-wide sales of $12,702 million. Comparable sales rose to 3.8%. Total revenues reached $2,520 million and income from operations was $716 million, while net income from continuing operations was $665 million, or $1.45 per diluted share. Adjusted Operating Income was $715 million and Adjusted EBITDA $810 million. Adjusted diluted EPS increased to $1.07, supported by organic Adjusted EPS growth of 12.3%. The company returned $435 million of capital to shareholders through dividends and share repurchases and reported a net leverage ratio of 4.1x.
Performance was led by Burger King and international markets. Burger King delivered 8.2% system-wide sales growth and 8.6% comparable sales, reflecting progress on the multi-year “Reclaim the Flame” plan, under which $194 million of up to $550 million planned Royal Reset investments had been funded by June 30, 2026. The International segment generated 10.7% system-wide sales growth and 5.5% comparable sales, helped by higher royalties and resumed royalties from BK China and favorable foreign exchange. Tim Hortons saw modest growth driven by supply-chain revenues, Firehouse Subs benefited from strong net restaurant growth, while Popeyes experienced lower revenues and Adjusted Operating Income due to negative comparable sales. Management stated it remains 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 all ten director nominees, each to serve until the close of the 2027 Annual Meeting or until a successor is chosen.
Shareholders also approved, on a non-binding advisory basis, the compensation paid to the company’s named executive officers, with 387,547,825 votes for and 9,993,041 against. In addition, KPMG LLP was appointed as auditors until the 2027 Annual Meeting, with 390,184,325 votes for and 12,993,883 withheld.
Restaurant Brands International Inc. reported stronger first-quarter 2026 results, with total revenues of $2,264 million, up from $2,109 million a year earlier, and net income from continuing operations rising to $445 million from $223 million. Diluted EPS from continuing operations increased to $0.97 from $0.49, while consolidated system-wide sales grew 6.2% year-over-year and comparable sales rose 3.2%. Adjusted Operating Income reached $610 million, with organic AOI growth of 10.7%, and Adjusted EBITDA improved to $706 million. The company resumed share repurchases in March and continues to expect to repurchase $500 million in 2026, and reiterated that it remains on track for 8%+ organic Adjusted Operating Income growth in 2026.
Restaurant Brands International Inc. reported mixed fourth quarter and full-year 2025 results, with growth in sales and non-GAAP earnings but weaker GAAP profitability. Full-year total revenues rose to $9,434 million from $8,406 million, while consolidated system-wide sales reached $46,762 million with 5.3% growth and comparable sales up 2.4%.
Net income from continuing operations declined to $1,201 million versus $1,445 million, and diluted EPS from continuing operations fell to $2.63 from $3.18, partly reflecting a $114 million non-cash charge related to Burger King China classified in discontinued operations. However, Adjusted Operating Income increased to $2,584 million and Adjusted EBITDA to $2,970 million, with organic AOI growth of 8.3% and organic Adjusted EPS growth of 12.4%. Net leverage improved to 4.2x from 4.6x.
The company returned approximately $1.1 billion of capital to shareholders in 2025 and declared a first-quarter 2026 dividend of $0.65 per share, with a 2026 annual dividend target of $2.60. Management issued 2026 guidance including Segment G&A (excluding RH) of $600–620 million, RH Segment G&A of about $100 million, Adjusted Interest Expense, net of $500–520 million, and around $400 million of total capex and cash inducements. RBI reiterated its 2024–2028 algorithm of 3%+ comparable sales and 8%+ organic Adjusted Operating Income growth, aiming to reach 5%+ net restaurant growth toward the end of the period.
Restaurant Brands International Inc. entered into an underwriting and forward sale arrangement for up to 17,626,570 common shares, all to be sold by HL1 17 LP, an affiliate of 3G Capital. The shares relate to an exchange of an equal number of Class B exchangeable units of Restaurant Brands International Limited Partnership into common shares.
The forward counterparty agreed to sell the shares to the underwriter at $68.72 per share, with the selling shareholder expected to physically settle the forward and receive cash at that price, subject to adjustments. RBI will not sell shares and will not receive proceeds from this transaction. The offering is expected to close on November 17, 2025, with forward settlement expected on or before December 3, 2025.
HL1 17 LP, 3G Restaurant Brands Holdings LP, and an affiliate agreed to a 45‑day lock‑up, subject to exceptions. In connection with the forward, the forward counterparty or its affiliates agreed to borrow and sell 9,785,784 shares in the offering and may sell up to an additional 7,840,786 shares tied to indicated interest from two investors.
Restaurant Brands International announced a joint venture with CPE to operate Burger King China. CPE will invest $350 million of new primary capital at closing and hold approximately 83% of the Burger King China JV; RBI will retain approximately 17% and a JV board seat. RBI will not receive cash proceeds, as funds remain in the JV to support growth.
The company expects to record a non-cash impairment charge of about $150 million on its Burger King China holdings due to the decision to sell a significant portion and the valuation implied by the transaction. A 20‑year master development agreement grants exclusive China development rights with targets to grow from about 1,250 restaurants today to roughly double by 2030 and to more than 4,000 by 2035. Closing is expected in the first quarter of 2026, subject to customary regulatory approvals.
Restaurant Brands International Limited Partnership furnished quarterly materials. The company provided a press release and supplemental financial and operational information for the three and nine months ended September 30, 2025, furnished as Exhibit 99.
The materials were submitted under Item 2.02 (Results of Operations and Financial Condition). A cover page Inline XBRL data file was included as Exhibit 104. The filing was signed by Chief Financial Officer Sami Siddiqui on October 30, 2025.