Earnings call briefSecond-quarter 2026

Restaurant Brands International expects FX to reduce second-half AOI

Based on current rates, the company said the headwind is approximately $10 million to AOI and $0.02 to $0.03 to adjusted EPS.

GetSignal Restaurant Brands International QSR

Restaurant Brands International said on its second-quarter call that it expects a headwind of approximately $10 million to AOI and $0.02 to $0.03 to adjusted EPS for the second half of 2026, based on current rates. CFO Sami Siddiqui said refranchising in the second quarter was probably a little slower than expected. Restaurant Brands International expects to carry out a few hundred refranchisings in 2026 and the rest in 2027.

Quotes from the call

“Based on current rates, we expect an approximately $10 million headwind to AOI and a $0.02 to $0.03 headwind to adjusted EPS for the second half of 2026.”

Sami Siddiqui, CFO

Key facts from the call

Second-half 2026 AOI headwind from FX
approximately $10 million
Second-half 2026 adjusted EPS headwind from FX
$0.02 to $0.03
Basis
Current rates

All QSR call briefs

Source: Restaurant Brands International's second-quarter 2026 earnings call, August 6, 2026.

Written by GetSignal with AI from the company's earnings call.

Not investment advice.

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