Restaurant Brands International Inc. Announces New Segment Reporting and Key Dates for 2024
As previewed during RBI’s third quarter 2023 earnings conference call, the company will report results under five reportable parts( 1) Tim Hortons(” TH”);( 2) Burger King(” BK”);( 3) Popeyes Louisiana Kitchen(” PLK”);( 4) Firehouse Subs(” FHS”); and( 5) International(” INTL”). The TH, BK, PLK and FHS parts include results from each brands’ operations in the United States and Canada. INTL includes consolidated results from each brands’ operations outside of the United States and Canada. This shift in reportable parts reflects how RBI’s leadership intends to oversee and manage the business going forward. The company will report under these parts beginning with its results for the fourth quarter and time ended December 31, 2023.
The company will give supplemental unaudited information containing 11 diggings( from the first quarter of 2021 through the third quarter of 2023) of literal fiscal and functional criteria for these five reportable parts in a press release and Form 8- K to be published January 8, 2024. RBI’ll continue to give crucial functional criteria by brand for their separate home requests and consolidated transnational requests. The supplemental unaudited literal business member information doesn’t represent a paraphrase or reissuance of preliminarily issued fiscal statements and relates entirely to member donation with no effect on preliminarily reported consolidated results.
The company will be available to bandy any questions related to the shift in member reporting following the release through January 19, 2024.
February 15, 2024 A discussion with Josh Kobza and Patrick Doyle
The company will host a meeting with Chief Executive Officer, Josh Kobza, and Administrative president, Patrick Doyle, on Thursday, February 15, 2024, starting at 100p.m. Eastern Time. The event will give investors with the occasion to hear directly fromMessrs. Kobza and Doyle about their views of the business roughly one time into their separate places. A live webcast of the donation will be available on the company’s investor relations website and a renewal will be available for 30 days following the event.
2024 Reporting timetable
RBI expects to report earnings on the following dates in 2024
February 13, 2024 Fourth quarter and time ended December 31, 2023
April 30, 2024 First quarter ended March 31, 2024
August 8, 2024 Alternate quarter ended June 30, 2024
November 5, 2024 Third quarter ended September 30, 2024
For each of these earnings calls, the company will give conference call dial- in information via a separate press release closer to the event.
About Restaurant Brands InternationalInc.
Restaurant Brands InternationalInc. is one of the world’s largest quick service eatery companies with over$ 40 billion in periodic system-wide deals and over 30,000 caffs
in further than 100 countries. RBI owns four of the world’s most prominent and iconic quick service eatery brands – TIM HORTONS ®, BURGER KING ®, POPEYES ®, and FIREHOUSE SUBS ®. These singly operated brands have been serving their separate guests, franchisees and communities for decades. Through its Restaurant Brands for Good frame, RBI is perfecting sustainable issues related to its food, the earth, and people and communities. To learn further about RBI, please visit the company’s website atwww.rbi.com.
Forward- Looking Statements
This press release contains certain forward- looking statements and information, which reflect operation’s current beliefs and prospects regarding unborn events and operating performance and speak only as of the date hereof. These forward- looking statements aren’t guarantees of unborn performance and involve a number of pitfalls and misgivings. These forward- looking statements include statements about our prospects regarding our unborn structure, growth, positioning, plans and strategies for each of our brands and transnational requests, as well as the timing and content of unborn events and reporting. The factors that could beget factual results to differ materially from RBI’s prospects are detailed in forms of RBI with the Securities and Exchange Commission and applicable Canadian securities nonsupervisory authorities, similar as its periodic and daily reports and current reports on Form 8- K, and include the following unborn restructurings and strategic enterprise that RBI undertakes, pitfalls related to unlooked-for events similar as afflictions, geopolitical conflicts and macroeconomic conditions; pitfalls related to our completely franchised business model; pitfalls related to RBI’s capability to successfully apply its domestic and transnational growth strategy and pitfalls related to its transnational operations; pitfalls related to RBI’s capability to contend domestically and internationally in an intensively competitive assiduity; our capability to address environmental and social sustainability issues and changes in applicable duty and other laws and regulations or interpretations thereof. Other than as needed underU.S. civil securities laws or Canadian securities laws, we don’t assume a duty to modernize these forward- looking statements, whether as a result of new information, posterior events or circumstances, change in prospects or else.
Source Link:https://www.rbi.com/
