Restaurant Brands International Inc.
RBI Announces Revised Segment Reporting and New Segment Income Definition
Summary
On January 8, 2024, Restaurant Brands International Inc. (RBI) announced a revision to its reportable segments to better align with its business management structure and performance assessment. Beginning with the fourth quarter of 2023, RBI will report under five segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, and International. Additionally, RBI has transitioned from using Adjusted EBITDA to Adjusted Operating Income (AOI) as its primary segment income measure. AOI includes depreciation and amortization (excluding franchise agreement amortization) and share-based compensation, unlike Adjusted EBITDA. This change provides a more comprehensive view of segment profitability. The revised segment structure and income definition are effective starting with the year-end 2023 results, which will be announced on February 13, 2024. The changes are intended to enhance transparency and provide investors with more focused insights into the performance of RBI's segments.
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About Restaurant Brands International Inc.
Restaurant Brands International Inc. is a Canadian multinational fast-food holding company that owns, operates, and franchises quick-service restaurants, including renowned brands such as Burger King, Tim Hortons, and Popeyes Louisiana Kitchen. The primary function of the company is to serve customers globally through a diverse array of menu offerings catering to local tastes and preferences. Known for its robust franchise model, Restaurant Brands International empowers local entrepreneurs, thereby fostering a wide-reaching and adaptable presence across various regions. The conglomerate impacts several sectors, notably the food and beverage industry, by setting trends in fast food innovations, digital ordering, and sustainability practices. Restaurant Brands International plays a crucial role in the global fast-food market by leveraging its powerful brand portfolio to drive customer engagement and expand market share. With a focus on operational excellence, strategic acquisitions, and enhancing consumer experiences, Restaurant Brands International continues to solidify its position as a leader in the fast-casual dining segment.
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