Restaurant Brands International Inc. (QSR) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Restaurant Brands International full year fourth quarter 2024 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone keypad. You will hear a tone to confirm you are in the queue. To exit the question queue, you may press star, 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 and welcome to our earnings call for the year and quarter ended December 31st, 2024. 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 available on our website. Please note that franchisee profitability referenced on this call is based on unaudited, self-reported franchisee data. As a reminder, following our acquisition of Carroll's Restaurant Group, which closed on May 16, 2024, and our acquisition of Popeye's China, which closed on June 28, 2024, we introduced a sixth reportable segment, restaurant holdings, which comprises the Popeye's China busine...