Restaurant Brands said on Friday that the Toronto Stock Exchange approved the renewal of its normal course issuer bid for common shares. Under the renewed NCIB, the company can repurchase up to 34.4M shares, representing 10% of its public float, from September 16, 2026, through September 15, 2027. The buyback is part of the company's $1B share repurchase authorization, which runs through September 30, 2027. Under its previous buyback plan, the company repurchased 2.91M shares at an average price of about $74.97 per share through September 10, 2026. Restaurant Brands said future buybacks will depend on market conditions, share price, and other factors, and that repurchased shares will be cancelled and funded from the company's cash resources. The company has also established an automatic purchase plan that allows its broker to continue buying shares during management-imposed blackout periods.
Restaurant Brands International IncRenewed NCIB allows repurchase of up to 34.4M shares under its $1B buyback authorization, funded from cash and cancelled.
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