Restaurant Brands International Inc. (NYSE:QSR) Q3 2023 Earnings Conference Call November 3, 2023 8:30 AM ET
Company Participants
Kendall Peck - Head of Investor Relations
Josh Kobza - Chief Executive Officer
Matt Dunnigan - Chief Financial Officer
Patrick Doyle - Executive Chairman
Conference Call Participants
Dennis Geiger - UBS
Brian Bittner - Oppenheimer
David Palmer - Evercore ISI
Andrew Charles - TD Cowen
Lauren Silberman - Deutsche Bank
John Ivankoe - JPMorgan
Eric Gonzalez - KeyBanc Capital Markets
Sara Senatore - Bank of America
Chris Carril - RBC Capital Markets
Brian Harbour - Morgan Stanley
Gregory Francfort - Guggenheim Securities
Danilo Gargiulo - Bernstein
Pratik Patel - Barclays
Joshua Long - Stephens
Operator
Good morning and welcome to the Restaurant Brands International Third Quarter 2023 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.
And I would now like to turn the conference over to Kendall Peck, RBI's Head of Investor Relations. Please go ahead.
Kendall Peck
Thank you, operator. Good morning, everyone, and welcome to Restaurant Brands International's Earnings Call for the third quarter ended September 30th, 2023. As a reminder, a live broadcast of this call may be accessed on the Investor Relations webpage at rbi.com/investor and a recording will be available for replay.
Joining me on the call today are Restaurant Brands International's Executive Chairman, Patrick Doyle; CEO, Josh Kobza; and CFO, Matt Dunnigan.
Today's earnings call contains forward-looking statements, which are subject to various risks set forward 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. During portions of the call today, we will be referencing franchisee profitability measures that are based on unaudited self-reported franchisee results.
In addition, the consolidated gross metrics discussed during the prepared remarks, including consolidated system-wide sales growth, comparable sales, net restaurant growth, organic adjusted EBITDA growth and organic adjusted EPS growth exclude results from our franchised restaurants in Russia, as we did not generate any new profits from restaurants in Russia in 2022, and do not expect to generate any new profits in 2023.
And now I'll turn the call over to Josh.
Josh Kobza
Good morning, everyone, and thank you for joining us on today's call to discuss our third quarter of 2023.