Restaurant Brands International will separate reporting segments during the fourth quarter of 2023.  Business segments will include Tim Horton’s, Burger King, Firehouse Subs, Popeye’s Louisiana Kitchen and International, an addition.  This new International segment will include the aggregated results from the operations of each brand outside the United States and Canada. Expansion of the range of reporting segments is intended to provide details concerning performance and growth compared to the two previous Tim Horton’s and Burger King segments.

Restaurant Brands International is also measuring the performance of segments by moving from adjusted EBITDA to Adjusted Operating Income.  This criterion takes into account depreciation and amortization critical to franchise agreements.

Matthew Dunnigan, CFO for Restaurant Brands International, stated “Our business leaders are prioritizing investments that would drive long-term growth and attractive returns for our shareholders.”  He added, “Our transition to Adjusted Operating Income will provide increased focus on the operating expenses associated with these investments.”