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Burger in the big burger QSR segment, and clear differentiation through flame grilling and customization of our guests' orders.The Company has made a substantial financial commitment to co-invest with franchisees to accelerate modern image in the U.S. and shift the franchise system towards smaller operators who live close to their restaurants. This includes the pending acquisition of Carrols Restaurant Group and announced plan to fully modernize and then refranchise the vast majority of its portfolio of approximately 1,000 restaurants, which we expect to be completed within 5 to 7 years.Looking ahead to 2028, major growth drivers in the business include accelerating to get 85% to 90% of the system to modern image, driving incremental sales through remodels and effective marketing, executing the Carrols reimaging and refranchising plan, and improving guest experience through training and operational excellence at the restaurant.POPEYES Popeyes, the number two player in chicken quick service restaurants, has a strong history as a taste leader rooted in the brand's authentic Louisiana heritage and high-quality menu, including 12-hour marination of our chicken which is then freshly battered, breaded and fried in the restaurant every day.Looking ahead to 2028, the brand will continue daypart and occasion expansion of its menu, in line with recent examples of the Chicken Sandwich and Wings and focus on attracting more profitable digital guests and increasing its digital mix of sales. The brand will accelerate its emphasis on improving restaurant operations through its Easy to Run kitchens. Popeyes expects to grow its U.S. and Canada restaurant base with top restaurant operators from nearly 3,400 in 2023 to over 4,200 restaurants by 2028.FIREHOUSE SUBS Firehouse Subs is consistently named by consumers as #1 in food quality, #1 in food taste and flavor, and #1 brand that supports local, community activities through our Firehouse Foundation.Looking ahead to

Mistakes- Grubhub’s customer support is there for you 24/7- Pay through a variety of options including credit cards, Grubhub gift cards and Venmo🍜FOOD ORDERING OPTIONS🍜- The Grubhub app provides lots of great features- Order food now or preorder your next meal- Takeout or delivery🥐NO HIDDEN FEES🥐- What you see is what you get: upfront pricing with no hidden fees🥠RESTAURANT RATINGS AND REVIEWS🥠- Grubhub has the most restaurant ratings & reviews, so you can count on getting the best food in your area🍗FOOD DELIVERY WITH REAL-TIME TRACKING🍗- Grubhub offers real-time order tracking so you know exactly when to dash to the door for your delicious mealORDER FOOD FROM THE LARGEST SELECTION OF RESTAURANTSEach Grubhub city has different restaurants that you know and love, including:- Applebee’s- Auntie Anne’s 🥨- BJ’s Restaurants- Buffalo Wild Wings- Burger King 🍔- Del Taco 🌮- Denny’s- Dunkin’ 🍩- Firehouse subs 🥪- Five Guys- IHOP 🥞- Jack in the Box- McDonalds (NYC only)- Panda Express 🥡- Panera 🍞- Red Robin- Shake Shack- Sonic- Taco Bell- White Castle- and many more!Ready to start ordering with Grubhub?• Download the app• Sign in or set up your account (you can even use Facebook)• Choose from your favorite restaurants or try something new• Pick your perfect meal• Enjoy a discount on your first order! Show more Show less

2028, Firehouse Subs is expected to contribute to our broader outlook by rapidly scaling its digital channels to 100% of sales over the next few years, improving speed of service through equipment innovation, and accelerating net restaurant growth in attractive and under-penetrated markets across the U.S. and Canada with a path to ramp its pace of development to 300 net new annual units over the next few years, resulting in 800 new units by 2028.CAPITAL ALLOCATION PRIORITIESThe Company reiterated its commitment to a balanced capital allocation framework throughout the outlook period, including continuing to invest behind high-return growth opportunities across its brands, targeting a 50-60% long-term dividend payout ratio and consistently growing its dividend with earnings, maintaining net total leverage between 3x-5x, repurchasing shares at attractive valuations over time, and preserving balance sheet flexibility for potential strategic opportunities.About Restaurant Brands International Inc. Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with over $40 billion in annual system-wide sales and over 30,000 restaurants in more than 100 countries. RBI owns four of the world's most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities. To learn more about RBI, please visit the company's website at www.rbi.com.Forward-Looking StatementsThis press release contains certain forward-looking statements and information, which reflect management's current beliefs and expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. These forward-looking statements include statements about our expectations