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Restaurant Brands International 8-K Report, Financial Results (Aug 6, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed August 6, 2026
Period End
August 6, 2026
Security
QSR
In the record · 2016–202610-K1110-Q338-K143

QSR filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 143 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Oct ’17Oct ’17
  2. Leadership change8-K · Dec ’19Dec ’19
  3. Leadership change8-K · Dec ’21Dec ’21
  4. Material agreement8-K · Sep ’24Sep ’24

01—Abstract

Summary

Summary of the 8-K filed August 6, 2026. Cited figures are marked; the original filing is the authoritative source.

Restaurant Brands International Inc. reported results for the three months ended June 30, 2026 in a press release furnished as Exhibit 99 to this Form 8-K.

Consolidated System-wide Sales grew 6.4% year-over-year on a constant currency basis to $12,702 milliona, with Comparable Sales up 3.8%, including 8.5% at BK US and 5.5% at INTL. Total revenues rose to $2,520 million from $2,410 million, income from operations increased to $716 million from $483 million, and diluted EPS from continuing operations was $1.45 versus $0.58. Adjusted Operating Income was $715 million, up from $668 million, and Adjusted Diluted EPS was $1.07 compared with $0.94 a year earlier.

The company said it returned $435 millionb to shareholders through dividends and share repurchases in the quarter, repurchasing 1,821,167 common shares for $137 million, and had $829 million remaining under its share repurchase authorization at June 30, 2026. Net leverage improved to 4.1x from 4.6x. Management reiterated its 2026 guidance, including Segment G&A (excluding RH) of $600 to $620 million, RH AOI of approximately $10 to $20 million, Adjusted Interest Expense, net of $500 to $520 million, and Total Capex and Cash Inducements of around $400 million, and said it remains on track for 8% organic Adjusted Operating Income growth in 2026.

The quarter reflected a deconsolidation of BK China following the January 30, 2026 joint venture with CPE, which invested $350 millionc of primary capital, leaving RBI with a 17% equity interest accounted for under the equity method. Burger King US drove the quarter with comparable sales of 8.5%, while Popeyes US comparable sales declined 5.2%. The company also declared a $0.65 per share dividend for the third quarter of 2026, payable October 2, 2026.

02—Key points

Key Highlights

  1. Consolidated System-wide Sales grew 6.4% year-over-year (constant currency) to $12,702 million; Comparable Sales rose 3.8%.
  2. Burger King US Comparable Sales increased 8.5%, and INTL Comparable Sales increased 5.5%; Popeyes US Comparable Sales declined 5.2%.
  3. Income from operations rose to $716 million from $483 million; Diluted EPS from continuing operations was $1.45 versus $0.58.
  4. Adjusted Operating Income was $715 million versus $668 million, and Adjusted Diluted EPS was $1.07 versus $0.94.
  5. RBI returned $435 million to shareholders via dividends and share repurchases; $829 million remained under the repurchase authorization at June 30, 2026.
  6. Net leverage improved to 4.1x from 4.6x a year earlier.
  7. 2026 guidance reiterated, including Segment G&A (excluding RH) of $600 to $620 million and Total Capex and Cash Inducements of around $400 million.

03—Questions

Frequently Asked Questions

  1. How did the company's core brands perform in the second quarter of 2026?

    Burger King US was the standout, with Comparable Sales up 8.5% and Adjusted Operating Income rising to $137 million from $121 million. Tim Hortons Comparable Sales were essentially flat at 0.1%, while Popeyes US Comparable Sales fell 5.2%, and Popeyes Adjusted Operating Income declined to $63 million from $66 million.

  2. What drove the year-over-year increase in earnings?

    Income from operations increased to $716 million from $483 million, but the prior-year quarter included $149 million of other operating expenses, net, while the current quarter shows $(26) million of other operating income, net. On an adjusted basis, Adjusted Operating Income grew to $715 million from $668 million, driven by revenue growth and higher Franchise and property revenues at Burger King.

  3. What is the status of the BK China business?

    On January 30, 2026, RBI established a joint venture with CPE for BK China, in which CPE invested $350 million of primary capital. RBI deconsolidated BK China and now accounts for its remaining 17% equity interest under the equity method, recognizing franchise revenue primarily from royalties in the INTL segment.

  4. What are the company's capital return plans and guidance?

    RBI declared a $0.65 per share dividend for the third quarter of 2026, payable October 2, 2026. Subsequent to June 30, 2026 through July 31, 2026, it repurchased 463,385 shares for $35 million, leaving $794 million under its authorization. For 2026, the company continues to expect Adjusted Interest Expense, net of $500 to $520 million and Total Capex and Cash Inducements of around $400 million.

04—Continue

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