HighGravityData

Restaurant Brands International — May 6, 2026 release

Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001618756-26-000025
Open on SEC.gov ↗
Showing in the filing
Reclaim the Flame plan investment
“up to $700 million”
Period
FY2028
Measure
Company-defined measure
Source
Prose
All guidance in this release · 16
Share repurchases for FY2026
“$500 million”
Organic Adjusted Operating Income growth for FY2026
“8%+”
Organic Adjusted Operating Income growth for FY2024
“8%+”
Reclaim the Flame plan investment for FY2028
“up to $700 million”
Royal Reset investments planned
“up to $550 million”
Dividend for Q2 FY2026
“$0.65 per common share and partnership exchangeable unit”
Dividend per common share and partnership ex… for Q2 FY2026
“$0.65”
Segment G&A (excluding RH) for 2026 for FY2026
“between $600 million and $620 million”
RH AOI for FY2026
“approximately $10 to $20 million”
Adjusted Interest Expense, net for FY2026
“between $500 million and $520 million”
Consolidated capital expenditures, tenant in… for FY2026
“around $400 million”
Total Capex and Cash Inducements for FY2026
“around $400 million”
Comparable Sales for FY2024
“3%+”
Net Restaurant Growth
“5%+”
Net Restaurant Growth for the long term
“5%+”
Discrete income tax benefit for FY2026
“approximately $170 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
As such, results include intersegment Franchise and property revenues and Advertising revenues and other services from the Carrols Burger King restaurants included in RH (as footnoted above). Burger King US Reclaim the Flame Burger King is executing its multi-year "Reclaim the Flame" plan to accelerate sales growth and drive franchisee profitability. This plan includes investing up to $700 million through year-end 2028, comprised of advertising and digital investments (which were completed in 2024) and high-quality remodels and relocations, restaurant technology, kitchen equipment, and building enhancements ("Royal Reset"). As of March 31, 2026, we have funded $189 million out of up to $550 million planned toward the Royal Reset investments. First Quarter 2026 Results The increase in Total revenues was primarily driven by the increase in System-wide Sales, partially offset by the net impact of refranchisings. The increase in Adjusted Operating Income was primarily driven by the increase in System-wide Sales and a decrease in Segment G&A primarily due to lower compensation-related expenses. 4 PLK Segment Results Three Months Ended March 31, (in US$ millions, unaudited) 2026 2025 System-wide Sales Growth (3.9) % (2.4) % System-wide Sales $ 1,421  $ 1,475  Comparable Sales (6.5) % (4.0) % Comparable Sales - US (6.5) % (4.0) % Net Restaurant Growth 1.2  % 3.0  % System Restaurant Count at Period End 3,559  3,516  Company restaurant sales $ 44  $ 46  Franchise and property revenues $ 74  $ 78  Advertising revenues and other services $ 72  $ 69  Total revenues $ 190   $ 194   Com
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.