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Restaurant Brands International Inc. (QSR) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 2018

Restaurant Brands International Inc.

CIK: 1618756 Ticker: QSR


EXHIBIT 99rbilogoa13.jpg
Restaurant Brands International Inc. Reports Second Quarter 2018 Results
Good progress against ‘Winning Together’ plan to drive improved comparable sales at TIM HORTONS®
BURGER KING® continues system-wide sales growth and crosses 17,000 restaurants worldwide
POPEYES® achieves double-digit profitability growth through accelerated restaurant expansion
 
Oakville, Ontario – August 1, 2018 – Restaurant Brands International Inc. (TSX/NYSE: QSR, TSX: QSP) today reported financial results for the second quarter ended June 30, 2018.
 
Daniel Schwartz, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "During the second quarter, we continued to grow each of our three iconic brands, and we made good progress against the 2018 priorities that we outlined last quarter. At Tim Hortons, we have implemented a number of initiatives under our 'Winning Together' plan - including the launch of Breakfast Anytime - which we believe will drive improved comparable sales over the long run. We also delivered strong system-wide sales growth at Burger King and Popeyes, driven by accelerated net restaurant growth. We are very optimistic about the long-term growth potential for each of our brands and remain focused on driving improved guest satisfaction and franchisee profitability."
 
Consolidated Operational Highlights
 
Three Months Ended June 30,
 
2018
 
2017
 
(Unaudited)
System-wide Sales Growth
 
 
 
 
 
    TH
 
2.2
%
 
 
2.6
 %
    BK
 
8.4
%
 
 
10.6
 %
    PLK
 
10.7
%
 
 
3.3
 %
System-wide sales (in US$ millions)
 
 
 
 
 
    TH
$
1,741.7
 
$
1,645.9
    BK
$
5,403.4
 
$
4,961.1
    PLK
$
937.6
 
$
890.4
Comparable Sales
 
 
 
 
 
    TH
 
%
 
 
(0.8
)%
    BK
 
1.8
%
 
 
3.9
 %
    PLK
 
2.9
%
 
 
(2.7
)%
Net Restaurant Growth
 
 
 
 
 
    TH
 
3.0
%
 
 
4.3
 %
    BK
 
6.4
%
 
 
6.0
 %
    PLK
 
7.5
%
 
 
5.3
 %
System Restaurant Count at Period End
 
 
 
 
 
    TH
 
4,794
 
 
4,655
    BK
 
17,022
 
 
16,000
    PLK
 
2,975
 
 
2,768
 

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. System-wide sales are driven by sales at franchised restaurants, as approximately 100% of current restaurants are franchised. We do not record franchise sales as revenues; however, our franchise revenues include royalties based on a percentage of franchise sales.

1


The following information was filed by Restaurant Brands International Inc. (QSR) on Wednesday, August 1, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Restaurant Brands International Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income (Loss)
Condensed Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical)
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Shareholders' Equity
Basis Of Presentation And Consolidation
Basis Of Presentation And Consolidation (Tables)
Basis Of Presentation And Consolidation - Additional Information (Details)
Basis Of Presentation And Consolidation - Reclassification Of Certain Assets (Details)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Details)
Derivative Instruments
Derivative Instruments (Tables)
Derivative Instruments - Additional Information (Details)
Derivative Instruments - Quantitative Disclosures Of Derivative Instruments (Details)
Derivative Instruments - Summary Of Fair Value Measurements (Details)
Description Of Business And Organization
Description Of Business And Organization - Additional Information (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Basic And Diluted Earnings Per Share (Details)
Equity Method Investments
Equity Method Investments (Tables)
Equity Method Investments - Additional Information (Details)
Equity Method Investments - Summary Of Franchise And Property Revenues (Details)
Income Taxes
Income Taxes - Additional Information (Details)
Intangible Assets, Net And Goodwill
Intangible Assets, Net And Goodwill (Tables)
Intangible Assets, Net And Goodwill - Additional Information (Detail)
Intangible Assets, Net And Goodwill - Schedule Of Intangible Assets, Net And Goodwill (Details)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt - Fair Value Measurement - Additional Information (Detail)
Long-Term Debt - Revolving Credit Facility - Additional Information (Detail)
Long-Term Debt - Schedule Of Interest Expense, Net And Other (Detail)
Long-Term Debt - Summary Of Long-Term Debt (Detail)
New Accounting Pronouncements
New Accounting Pronouncements (Policies)
New Accounting Pronouncements - Additional Information (Details)
Other Accrued Liabilities And Other Liabilities, Net
Other Accrued Liabilities And Other Liabilities, Net (Tables)
Other Accrued Liabilities And Other Liabilities, Net - Schedule Of Other Accrued Liabilities (Current) And Other Liabilities (Noncurrent), Net (Detail)
Other Operating Expenses (Income), Net
Other Operating Expenses (Income), Net (Tables)
Other Operating Expenses (Income), Net - Other Operating Expenses (Income), Net (Details)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Additional Information (Details)
Revenue Recognition - Adjustments To Balance Sheet Due To Topic 606 And Pro Forma Adjustments (Details)
Revenue Recognition - Change In Contract Liabilities (Details)
Revenue Recognition - Disaggregation Of Total Revenues (Details)
Revenue Recognition - Estimated Revenue Recognition (Details)
Revenue Recognition - Pro Forma Adjustments To Cash Flow Statement (Details)
Revenue Recognition - Pro Forma Adjustments To Income Statement (Details)
Segment Reporting
Segment Reporting (Tables)
Segment Reporting - Additional Information (Details)
Segment Reporting - Reconciliation Of Segment Income To Net Income (Loss) (Details)
Segment Reporting - Revenues By Operating Segment And Country (Details)
Shareholders' Equity
Shareholders' Equity (Tables)
Shareholders' Equity - Additional Information (Details)
Shareholders' Equity - Summary Of Change In Components Of Aoci (Details)
Subsequent Events
Subsequent Events - Dividends (Details)

Material Contracts, Statements, Certifications & more

Restaurant Brands International Inc. provided additional information to their SEC Filing as exhibits

Ticker: QSR
CIK: 1618756
Form Type: 10-Q Quarterly Report
Accession Number: 0001618756-18-000021
Submitted to the SEC: Wed Aug 01 2018 4:00:14 PM EST
Accepted by the SEC: Wed Aug 01 2018
Period: Saturday, June 30, 2018
Industry: Retail Eating Places

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