RBI: Announces New Segment Reporting and Key Dates

Toronto / CA. (rbi) Restaurant Brands International Inc. (RBI) announced a shift in its reportable segments. In addition, RBI announced key 2024 dates, including an upcoming Investor Event on February 15, 2024, and preliminary 2024 earnings call dates.

Segment Reporting

As previewed during RBI’s third quarter 2023 earnings conference call, the company will report results under five reportable segments: (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 segments 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 segments reflects how RBI’s leadership intends to oversee and manage the business going forward. The company will report under these segments beginning with its results for the fourth quarter and year ended 2023-12-31.

The company will provide supplemental unaudited information containing 11 quarters (from the first quarter of 2021 through the third quarter of 2023) of historical financial and operational metrics for these five reportable segments in a press release and Form 8-K to be published January 08, 2024. RBI will continue to provide key operational metrics by brand for their respective home markets and consolidated international markets. The supplemental unaudited historical business segment information does not represent a restatement or reissuance of previously issued financial statements and relates entirely to segment presentation with no effect on previously reported consolidated results.

Meeting in February

The company will host a meeting with Chief Executive Officer, Josh Kobza, and Executive Chairman, Patrick Doyle, on Thursday, February 15, 2024, starting at 1:00 p.m. Eastern Time. The event will provide investors with the opportunity to hear directly from Messrs. Kobza and Doyle about their views of the business approximately one year into their respective roles. A live webcast of the presentation will be available on the company’s investor relations website and a replay will be available for 30 days following the event.

2024 Reporting Calendar

RBI expects to report earnings on the following dates in 2024:

  • February 13, 2024: Fourth quarter and year ended December 31, 2023
  • April 30, 2024: First quarter ended March 31, 2024
  • August 08, 2024: Second quarter ended June 30, 2024
  • November 05, 2024: Third quarter ended September 30, 2024