Welcome to our dedicated page for Restaurant Brands International news (Ticker: QSR), a resource for investors and traders seeking the latest updates and insights on Restaurant Brands International stock.
Restaurant Brands International Inc. reports news around its global quick service restaurant franchising business and the performance of Tim Hortons, Burger King, Popeyes and Firehouse Subs. Company updates commonly cover system-wide sales, comparable sales, net restaurant growth, international development, segment results and operational initiatives across its brand portfolio.
Recurring announcements also address capital allocation, including dividends and share repurchases, investor-day targets, balance-sheet priorities, brand-market transactions such as Burger King China, and shareholder communications involving tender offers or other corporate actions.
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Restaurant Brands International Inc. (TSX: QSR) will announce its first quarter 2023 financial results on May 2, 2023, followed by an investor conference call at 8:30 a.m. Eastern Time. The call will be accessible via dial-in for U.S. callers at 1 (833)-470-1428, Canadian callers at 1 (226)-828-7575, and international callers at 1 (929)-526-1599, using access code 623742. The results will be available for replay for 30 days on the company's investor relations website. RBI operates iconic brands like TIM HORTONS®, BURGER KING®, and POPEYES®, generating over $35 billion in annual sales.
Restaurant Brands International Inc. (QSR) announced that CFO Matthew Dunnigan will participate in a fireside chat at the CIBC Consumer & Retail Conference on March 29, 2023, at 11:00 am ET. Investors can access a live audio webcast on the company's investor relations website, which will remain available for 30 days post-event. RBI, one of the largest quick service restaurant companies globally, boasts over $35 billion in annual sales and operates approximately 30,000 restaurants across more than 100 countries. The company owns popular brands like TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®.
On February 27, 2023, Restaurant Brands International (NYSE: QSR) announced a secondary offering of 2,213,851 common shares by HL1 17 LP, affiliated with 3G Capital. This offering is linked to an exchange of 2,213,851 Class B exchangeable limited partnership units for common shares. The forward sale agreement with BofA Securities will settle by March 16, 2023, with the Selling Shareholder receiving cash proceeds from the offering. RBI will not sell any shares or receive proceeds, ensuring no change in outstanding shares. The offering closes on March 2, 2023, subject to conditions.
Restaurant Brands International Inc. (QSR) announced it received an exchange notice to exchange 2,213,851 Class B exchangeable limited partnership units for an equal number of common shares. The Selling Shareholder, HL1 17 LP, is also commencing a public offering of the same number of common shares. This will involve a forward sale agreement with BofA Securities. Importantly, RBI will not sell any shares or receive any proceeds from this transaction, and the total number of Exchangeable Units and common shares remains unchanged. Settlement is expected by March 16, 2023.
The Board of Directors of Restaurant Brands International (NYSE:QSR) has appointed Joshua Kobza as the new CEO effective March 1, 2023, as part of a succession planning initiative. Kobza, who has been with the company for over 11 years in various senior roles, including Chief Financial Officer and Chief Operating Officer, aims to accelerate growth and prioritize franchisee success. José Cil, the outgoing CEO, will serve as an advisor for one year to ensure a smooth transition. This leadership change aligns with RBI's goals to advance its brands, which include Tim Hortons, Popeyes, and Burger King, amidst a competitive industry.