Restaurant Brands International Inc.'s (QSR) CEO José Cil on Q1 2021 Results - Earnings Call Transcript

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Restaurant Brands International Inc. (NYSE:QSR) Q1 2021 Earnings Conference Call April 30, 2021 8:30 AM ET

Company Participants

Stephen Lichtner - Sr. Director, FP&A & Head, IR

José Cil - CEO

Josh Kobza - COO

Matt Dunnigan - CFO

Conference Call Participants

Jon Tower - Wells Fargo

David Palmer - Evercore ISI

Dennis Geiger - UBS

John Glass - Morgan Stanley

Chris Carril - RBC Capital Markets

Nicole Miller - Piper Sandler

Patricia Baker - Deutsche Bank


Good morning, and welcome to the Restaurant Brands International First Quarter 2021 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. [Operator Instructions]. Please note this event is being recorded.

I would now like to turn the conference over to Stephen Lichtner, BRI’s [sic] [RBI's] Head of Investor Relations. Please go ahead.

Stephen Lichtner

Thank you, operator. Good morning, everyone, and welcome to Restaurant Brands International's earnings call for the first quarter ended March 31, 2021. As a reminder, a live broadcast of this call may be accessed through the Investor Relations webpage at, and a recording will be available for replay.

Joining me on the call today are Restaurant Brands International's CEO, José Cil; COO, Josh Kobza; and CFO, Matt Dunnigan.

Today's earnings call contains forward-looking statements, which are subject to various risks set forth in the press release issued this morning and in our SEC filings. In addition, this earnings call includes non-GAAP financial measures. Reconciliations of non-GAAP financial measures are included in the press release available on our website.

Throughout the call today, we'll be referencing two-year comparisons for system-wide sales growth and comparable sales to provide a cleaner indication of how the business is trending versus a more normalized period. These two-year comparisons are calculated

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