RBI announces receipt of exchange notice for 2.8 million units
It will repurchase the units with cash on hand, reducing fully diluted shares, with exchange set for August 31, 2026.
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Parent company of global quick-service restaurant brands
rbi.comLast updated
In short: RBI reported strong financial growth driven by Burger King's $700 million turnaround and expanded its global presence across key brands.
It will repurchase the units with cash on hand, reducing fully diluted shares, with exchange set for August 31, 2026.
Comparable sales rose 3.8%; BK US up 8.5%, International up 5.5%. RBI returned $435 million to shareholders and is on track for 8% organic adjusted operating income growth.
The earnings call will be webcast at 8:30 a.m. ET and a replay will be available for a limited time.
Shareholders voted overwhelmingly in favor of all ten nominees, including one new director, Marcia Smith
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