Restaurant Brands International Inc. (NYSE:QSR) Q4 2023 Earnings Conference Call February 13, 2024 8:30 AM ET
Company Participants
Kendall Peck - Head of Investor Relations
Joshua Kobza - Chief Executive Officer
Matthew Dunnigan - Chief Financial Officer
Patrick Doyle - Executive Chairman
Conference Call Participants
Brian Bittner - Oppenheimer & Co.
Danilo Gargiulo - Bernstein
John Ivankoe - JPMorgan Chase & Co.
David Palmer - Evercore ISI
Dennis Geiger - UBS
Andrew Charles - TD Cowen
Christopher Carril - RBC Capital Markets
Brian Harbour - Morgan Stanley
Sara Senatore - Bank of America Merrill Lynch
Brian Mullan - Piper Sandler & Co.
Lauren Silberman - Deutsche Bank
Eric Gonzalez - KeyBanc Capital Markets
John Zamparo - CIBC Capital Markets
Gregory Francfort - Guggenheim Partners
Jeffrey Bernstein - Barclays Capital
Andrew Strelzik - BMO Capital Markets
Jon Tower - Citigroup
James Sanderson - Northcoast Research
Jake Bartlett - Truist Securities
Operator
Good morning, and welcome to the Restaurant Brands International Fourth Quarter 2023 Earnings Conference Call. All participants will be in a 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 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 fourth quarter and year ended December 31, 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 and organic adjusted operating income growth exclude results from our franchised restaurants in Russia, as we did not generate any new profits from restaurants in Russia in 2022 or 2023.