Restaurant Brands International (QSR) AGM 2024 summary
Event summary combining transcript, slides, and related documents.
AGM 2024 summary
2 Feb, 2026Opening remarks and agenda
The meeting was called to order with an overview of the agenda, voting procedures, and a reminder of the Safe Harbor Statement regarding forward-looking information.
Shareholder proposals
Proposals included a water risk assessment, compliance with WHO antimicrobial guidelines, broiler welfare metrics disclosure, reducing plastics use, and requiring an independent board chair.
Proponents highlighted risks and opportunities related to water management, antimicrobial resistance, animal welfare, plastic pollution, and governance.
Several proposals referenced industry benchmarks and competitor actions, urging the company to adopt best practices.
Overview of voting outcomes
All ten director nominees were elected by majority vote.
Advisory approval of executive compensation and appointment of KPMG as auditors were both passed by majority.
Five shareholder proposals were not approved; withdrawn proposals were not voted on.
Latest events from Restaurant Brands International
- Targets 8%+ AOI growth, 5%+ net restaurant growth, and $1.6B capital return by 2028.QSR
Investor Day 20262 Mar 2026 - 8.3% organic AOI and 10.7% adjusted EPS growth, with strong sales and improved leverage.QSR
Q4 202512 Feb 2026 - 2024 growth targets remain on track, fueled by innovation, remodeling, and global expansion.QSR
4th Annual Evercore ISI Consumer and Retail Conference3 Feb 2026 - Q2 sales and income rose, driven by Tim Hortons, International, and Carrols acquisition gains.QSR
Q2 20242 Feb 2026 - Value, digital, and modernization drive growth across brands, with global expansion diversified.QSR
TD Cowen’s 8th Annual Future of the Consumer Conference31 Jan 2026 - Q3 2024 delivered 6.1% organic AOI growth, led by International and Tim Hortons.QSR
Q3 202416 Jan 2026 - Improving consumer trends and operational upgrades set the stage for growth in 2025.QSR
Morgan Stanley Global Consumer & Retail Conference12 Jan 2026 - System-wide sales rose 2.8% year-over-year, with flat AOI and 8%+ growth targeted for 2025.QSR
Q1 20258 Jan 2026 - 9% organic AOI growth, strong sales, and $1B capital return highlight 2024 results.QSR
Q4 20248 Jan 2026