Restaurant Brands International Inc. Q4 2025 Earnings Call Summary

Core Insights - The company achieved an 8.3% organic adjusted operating income growth, marking the third consecutive year of approximately 8% growth despite a challenging consumer environment [1] Company Performance - Tim Hortons Canada outperformed the broader industry by nearly two percentage points, driven by a record cold beverage mix and improved speed of service across all dayparts [1] - The international segment experienced double-digit system-wide sales growth, supported by the transition of Burger King China to a new local partner and scaling Popeyes into a $2,000,000,000 run-rate business [1] - Burger King US outperformed the burger QSR industry in nine of the last twelve quarters, attributed to the 'Reclaim the Flame' initiative and successful family-oriented marketing campaigns like the SpongeBob activation [1] - Management acknowledged a performance gap at Popeyes US, indicating a need to return to operational basics and refocus on core products such as bone-in chicken and tenders [1] Strategic Initiatives - The strategic simplification of the portfolio continued with the acquisition of Burger King China equity and the acceleration of Burger King US refranchising efforts ahead of the original schedule [1]