Restaurant Brands International Inc. (QSR) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

you will hear a tone to confirm that you are in the queue. To exit the question queue, you may press start, then two. All callers will be limited to one question. 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 third quarter ended September 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 can be found in the press release and trending schedules available on our investor relations website. As a reminder, organic adjusted operating income growth excludes results from the restaurant holding segment. In addition, on February 14th, 2025, We acquired substantially all the remaining equity interests in Burger King China from our joint venture partners. BK 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, BK China's KPIs continue to be included in our international segment KPIs. A breakdown of BK China's KPIs and its impact on our 2024 financial statements can be found in the trending schedules available on our website. For calendar planning purposes, our preliminary Q4 earnings call is scheduled for th...