Free · no account · quoted from the filing

What changed in QSR's 10-Q

Source: 10-Q filed 2026-05-06 · compared against 10-Q 2025-10-30. Every passage below is quoted verbatim from the filing itself.

Earnings

This filing

Basic net income per share from continuing operations $ 0.98 $ 0.49

Segments

This filing

during the first quarter of 2026, we resumed recognizing franchise revenue from the BK China JV within our INTL segment

Taxes

This filing

we completed another intra-group reorganization and expect to record an additional discrete income tax benefit of approximately $170 million in the quarter ending June 30, 2026

Other operating expenses

This filing

Net losses (gains) on foreign exchange ( 30 ) 75

Accounting pronouncements

This filing

Hedge Accounting Improvements – In November 2025, the FASB issued guidance that modifies aspects of the existing hedge accounting framework

Risk factors

This filing

(15) tariffs and their impact on economic conditions or our business

Litigation

This filing

In March 2026, a court-ordered mediation between the parties resulted in an impasse

What it means — the analyst reading

The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.

See the Filing Change Monitor →

Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.