Restaurant Brands International Inc. (QSR) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

to confirm that you're in the queue. To exit the question queue, you may press star, then two. All callers will be limited to one question. And please note this event is being recorded. I would now like to turn the conference over to Kendall Peck, RBI's Head of Investor Relations. Please go ahead. Thank you, Operator. Good morning, everyone, and welcome to Restaurant Brands International's earnings call for the second quarter, ended June 30th, 2025. Joining me on the call today are Restaurant Brands International's Executive Chairman, Patrick Doyle, CEO Josh Kabza, and CFO Sami Siddiqui. Following remarks from Josh, Sami, and Patrick, we will open the call to questions. Today's discussion may include forward-looking statements, which are subject to risks detailed in the press release issued this morning and in our SEC filings. We will also reference non-GAAP financial measures, reconciliations of which are available in the press release and trending schedules on our IR website. As a reminder, adjusted operating income growth exclude results from the restaurant holding segment. In addition, on February 14, 2025, we acquired substantially all the remaining equity interests in Burger King China from our former joint venture partners. Burger King China has been classified as held for sale and reported as discontinued operations in our financial statements, as we are actively working to identify a new controlling shareholder. That said, Burger King China's KPIs continue to be included in our international segment KPIs. A breakdown of Burger King China's KPIs and its impact on our 2024 financial statements can be found in the trending schedules available on our investor relations website. For calendar planning purposes, our preliminary Q3 earnings call is scheduled for the...