Restaurant Brands International — Feb 12, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001618756-25-000076
Showing in the filing
Target total dividends per common share and partnership exchangeable unit of RBI LP
“$2.48”
Period
FY2025
Measure
Declared action
Source
Prose
All guidance in this release · 13
Target total dividends per common share and … for FY2025
“$2.48”
Burger King Reclaim the Flame investment for FY2028
“up to $700 million”
Royal Reset investments planned
“up to $550 million”
Dividend for Q1 FY2025
“$0.62 per common share and partnership exchangeable unit”
Dividend per common share and partnership ex… for Q1 FY2025
“$0.62”
Segment G&A (excluding RH) for 2025 for FY2025
“between $650 million and $670 million”
RH Segment G&A for 2025 for FY2025
“approximately $100 million”
Adjusted Interest Expense, net for FY2025
“between $500 million and $520 million”
Consolidated capital expenditures, tenant in… for FY2025
“between $400 million and $450 million”
Comparable Sales for FY2024
“3%+”
Net Restaurant Growth for FY2024
“5%+”
System-wide Sales growth for FY2024
“8%+”
Adjusted Operating Income growth for FY2024
“at least as fast as system-wide sales growth”
Exhibit 99.1 · the passage around this item
… earlier in the release
Reports Full Year and Fourth Quarter 2024 Results Global system-wide sales grow 5.6% for the fourth quarter and 5.4% for 2024 Global comparable sales up 2.5% in Q4, led by 4.7% at INTL and 2.5% at TH Canada 2024 Income from Operations grows 17.9% year-over-year and Organic Adjusted Operating Income grew 9% ~$1.0 billion of capital returned to shareholders in 2024 while investing for growth and reaching net leverage target RBI declares target total of $2.48 in dividends per common share and partnership exchangeable unit for 2025 Toronto, Ontario – February 12, 2025 – Restaurant Brands International Inc. (“RBI”) (NYSE/TSX: QSR, TSX: QSP) today reported financial results for the full year and fourth quarter ended December 31, 2024. Josh Kobza, Chief Executive Officer of RBI commented, “I am proud of our performance this year, reflecting the strong foundations we’re building across our businesses and the dedication of our teams and franchisees who are executing the fundamentals of quality, service, and convenience with excellence. As we look ahead, we remain focused on thoughtful marketing, operational improvements, and modern image to enhance the guest experience, drive franchisee profitability, and deliver long-term growth for our brands and shareholders.” Consolidated Operational and Financial Highlights and Supplemental Annual Disclosure (in US$ millions, except per share data, unaudited) Three Months Ended December 31, Twelve Months Ended December 31, Operational Highlights 2024 2023 2024 2023 System-Wide Sales Growth 5.6 % 9.6 % 5.4 % 12.2 % System-Wide Sales (in US$ millions) $ 11,279 $ 10,886 $ 44,476 $ 42,893 Comparable Sal
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.