HighGravityDataSigned in · PRO
Guidance history, every release
Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing
| Metric | Nov 5, 2024 FY24 Q3 | Feb 12, 2025 FY24 Q4 | May 8, 2025 FY25 Q1 | Aug 7, 2025 FY25 Q2 | Oct 30, 2025 FY25 Q3 | Feb 12, 2026 FY25 Q4 | May 6, 2026 FY26 Q1 | Aug 6, 2026 FY26 Q2 |
|---|---|---|---|---|---|---|---|---|
| For FY2028 | ||||||||
| Burger King modern image goal | New“85% to 90%” | — | — | — | — | — | — | — |
| Burger King Reclaim the Flame investment | — | New“up to $700 million” | — | — | — | — | — | — |
| Reclaim the Flame investment | — | — | — | — | — | New“up to $700 million” | — | — |
| Reclaim the Flame investment (Fuel the Flame and Royal Reset) | — | — | — | — | New“up to $700 million” | — | — | — |
| Reclaim the Flame plan investment | — | — | — | — | — | — | New“up to $700 million” | Reiterated“up to $700 million” |
| Reclaim the Flame planned investment | — | — | New“up to $700 million” | — | — | — | — | — |
| Reclaim the Flame total planned investment | — | — | — | New“up to $700 million” | — | — | — | — |
| Royal Reset investments planned | — | — | — | — | — | New“up to $550 million” | — | — |
| Royal Reset planned investments | — | — | — | New“up to $550 million” | — | — | — | — |
| For FY2026 | ||||||||
| Organic Adjusted Operating Income growth | — | — | — | — | — | — | New“8%+” | Revised“8%” |
| Adjusted Interest Expense, net | — | — | — | — | — | New“between $500 million and $520 million” | Reiterated“between $500 million and $520 million” | Reiterated“between $500 million and $520 million” |
| Annual total dividend target | — | — | — | — | — | New“$2.60 per RBI common share and per partnership exchangeable unit of RBI LP” | — | — |
| Annual total dividend target per RBI common share and per partnership exchangeable unit of RBI LP | — | — | — | — | — | New“$2.60” | — | — |
| Consolidated capital expenditures, tenant inducements and incentives (including RH), or "Total Capex and Cash Inducements" | — | — | — | — | — | New“around $400 million” | Reiterated“around $400 million” | Reiterated“around $400 million” |
| Discrete income tax benefit | — | — | — | — | — | — | New“approximately $170 million” | — |
| Dividend | — | — | — | — | — | — | — | New“$0.65 per common share and partnership exchangeable unit” |
| Dividend | — | — | — | — | — | — | New“$0.65 per common share and partnership exchangeable unit” | — |
| Dividend declared | — | — | — | — | — | New“$0.65 per common share and partnership exchangeable unit of RBI LP” | — | — |
| Dividend per common share and partnership exchangeable unit | — | — | — | — | — | — | — | New“$0.65” |
| Dividend per common share and partnership exchangeable unit | — | — | — | — | — | — | New“$0.65” | — |
| RH AOI | — | — | — | — | — | — | New“approximately $10 to $20 million” | Reiterated“approximately $10 to $20 million” |
| RH Segment G&A for 2026 | — | — | — | — | — | New“approximately $100 million” | — | — |
| Segment G&A (excluding RH) for 2026 | — | — | — | — | — | New“between $600 million and $620 million” | Reiterated“between $600 million and $620 million” | Reiterated“between $600 million and $620 million” |
| Share repurchases | — | — | — | — | — | — | New“$500 million” | — |
| Total Capex and Cash Inducements | — | — | — | — | — | New“around $400 million” | Reiterated“around $400 million” | Reiterated“around $400 million” |
| For FY2025 | ||||||||
| Organic Adjusted Operating Income growth | — | — | New“8%+” | Reiterated“8%+” | Reiterated“8%+” | — | — | — |
| Adjusted Interest Expense, net | — | New“between $500 million and $520 million” | Reiterated“between $500 million and $520 million” | Raised“around $520 million” | Reiterated“around $520 million” | — | — | — |
| Burger King Royal Reset 2.0 remodel investment | New“an additional $300 million” | — | — | — | — | — | — | — |
| Consolidated capital expenditures, tenant inducements and incentives (including RH) | — | New“between $400 million and $450 million” | — | — | — | — | — | — |
| Consolidated capital expenditures, tenant inducements and incentives (including RH), or "Total Capex and Cash Inducements" | — | — | New“between $400 million and $450 million” | Reiterated“between $400 million and $450 million” | Lowered“around $400 million” | — | — | — |
| Dividend | — | — | — | — | New“$0.62 per common share and partnership exchangeable unit” | — | — | — |
| Dividend | — | — | — | New“$0.62 per common share and partnership exchangeable unit” | — | — | — | — |
| Dividend | — | — | New“$0.62 per common share and partnership exchangeable unit” | — | — | — | — | — |
| Dividend | — | New“$0.62 per common share and partnership exchangeable unit” | — | — | — | — | — | — |
| Dividend per common share and partnership exchangeable unit | — | — | — | — | New“$0.62” | — | — | — |
| Dividend per common share and partnership exchangeable unit | — | — | — | New“$0.62” | — | — | — | — |
| Dividend per common share and partnership exchangeable unit | — | — | New“$0.62” | — | — | — | — | — |
| Dividend per common share and partnership exchangeable unit | — | New“$0.62” | — | — | — | — | — | — |
| Franchisees' advertising fund contribution rate | — | — | New“4.5%” | — | — | — | — | — |
| RH Segment G&A for 2025 | — | New“approximately $100 million” | Reiterated“approximately $100 million” | Reiterated“approximately $100 million” | Reiterated“approximately $100 million” | — | — | — |
| Royal Reset 2.0 program investment in remodels | New“an additional $300 million” | — | — | — | — | — | — | — |
| Segment G&A (excluding RH) | — | — | New“between $600 million and $620 million” | — | — | — | — | — |
| Segment G&A (excluding RH) for 2025 | — | New“between $650 million and $670 million” | — | Lowered“between $600 million and $620 million” | Reiterated“between $600 million and $620 million” | — | — | — |
| Share repurchase authorization | — | — | — | New“up to $1 billion” | — | — | — | — |
| Share repurchase program authorization | — | — | — | — | — | — | — | New“up to $1,000 million” |
| Target total dividends per common share and partnership exchangeable unit of RBI LP | — | New“$2.48” | — | — | — | — | — | — |
| Total Capex and Cash Inducements | — | — | New“between $400 million and $450 million” | Reiterated“between $400 million and $450 million” | Lowered“around $400 million” | — | — | — |
| For FY2024 | ||||||||
| Comparable Sales | — | New“3%+” | Reiterated“3%+” | — | — | — | Reiterated“3%+” | — |
| Adjusted Operating Income growth | — | New“at least as fast as system-wide sales growth” | — | — | — | — | — | — |
| Organic Adjusted Operating Income growth | New“8%+” | — | Reiterated“8%+” | — | — | — | Reiterated“8%+” | — |
| Adjusted Interest Expense, net | New“between $565 million and $575 million” | — | — | — | — | — | — | — |
| Consolidated capital expenditures, tenant inducements and incentives (excluding RH) | New“approximately $300 million” | — | — | — | — | — | — | — |
| Dividend | New“$0.58 per common share and partnership exchangeable unit” | — | — | — | — | — | — | — |
| Dividend per common share and partnership exchangeable unit | New“$0.58” | — | — | — | — | — | — | — |
| Net Restaurant Growth | — | New“5%+” | — | — | — | — | — | — |
| Segment G&A (excluding RH) | New“between $640 million and $650 million” | — | — | — | — | — | — | — |
| Share-based compensation and non-cash incentive compensation expense | New“between $170 million and $175 million” | — | — | — | — | — | — | — |
| System-wide Sales growth | — | New“8%+” | — | — | — | — | — | — |
| No period stated | ||||||||
| Comparable Sales (long-term algorithm) | — | — | — | New“3%+” | Reiterated“3%+” | Reiterated“3%+” | — | Reiterated“3%+” |
| Comparable Sales (long-term) | New“3%+” | — | — | — | — | — | — | — |
| Adjusted Operating Income growth (long-term) | New“at least as fast as system-wide sales growth” | — | — | — | — | — | — | — |
| Organic Adjusted Operating Income growth (long-term algorithm) | — | — | — | New“8%+” | Reiterated“8%+” | Reiterated“8%+” | — | Reiterated“8%+” |
| Net Restaurant Growth | — | — | New“5%+” | Reiterated“5%+” | — | Reiterated“5%+” | Reiterated“5%+” | Reiterated“5%+” |
| Net Restaurant Growth | — | — | — | — | — | — | New“5%+” | — |
| Net Restaurant Growth (long-term algorithm) | — | — | — | — | New“5%+” | — | — | — |
| Net Restaurant Growth (long-term) | New“5%+” | — | — | — | — | — | — | — |
| Royal Reset investments planned | — | New“up to $550 million” | — | — | Reiterated“up to $550 million” | — | Reiterated“up to $550 million” | Reiterated“up to $550 million” |
| Royal Reset planned investment | — | — | New“up to $550 million” | — | — | — | — | — |
| System-wide Sales growth (long-term) | New“8%+” | — | — | — | — | — | — | — |
Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.