Restaurant Brands International Inc. (QSR) CEO José Cil on Q2 2021 Results - Earnings Call Transcript

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Restaurant Brands International Inc. (NYSE:QSR) Q2 2021 Earnings Conference Call July 30, 2021 8:30 AM ET

Company Participants

Stephen Lichtner - Head of Investor Relations

José Cil - Chief Executive Officer

Matt Dunnigan - Chief Financial Officer

Josh Kobza - Chief Operating Officer

Conference Call Participants

Patricia Baker - Deutsche Bank

Dennis Geiger - UBS

John Glass - Morgan Stanley

David Palmer - Evercore ISI

Jeffrey Bernstein - Barclays

Jon Tower - Wells Fargo

Gregory Francfort - Guggenheim Securities


Good morning. And welcome to the Restaurant Brands International Second Quarter 2021 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. Please note, this event is being recorded.

I would now like to turn the conference over to Stephen Lichtner, 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 second quarter ended June 30, 2021. As a reminder, a live broadcast of this call maybe 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 will 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 on GA metrics stacked basis by using the 2020 and

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