Welcome to our dedicated page for Restaurant Brand news (Ticker: QSR), a resource for investors and traders seeking the latest updates and insights on Restaurant Brand stock.
News on Restaurant Brands International Inc. (QSR) centers on its role as one of the world’s largest quick service restaurant companies and the owner of the Tim Hortons, Burger King, Popeyes and Firehouse Subs brands. Company announcements highlight system-wide sales across more than 32,000 restaurants in over 120 countries and territories, as well as developments that affect its franchise network, capital structure and strategic partnerships.
Investors following QSR news can expect regular updates on quarterly and annual financial results, including system-wide sales growth, comparable sales, net restaurant growth and segment performance for Tim Hortons, Burger King, Popeyes, Firehouse Subs, the International segment and the Restaurant Holdings segment. Earnings releases and related Form 8-K filings provide detail on revenues, adjusted operating income and other non-GAAP measures the company uses to describe its performance.
News flow also covers capital markets activity such as secondary offerings of common shares by large shareholders, forward sale agreements, and debt transactions including first lien senior secured notes. RBI issues press releases and files current reports when it enters into underwriting agreements, receives exchange notices for exchangeable units, or prices new securities.
Strategic and operational news includes items like the joint venture with an investment fund managed by CPE for Burger King China, which outlines new primary capital for that business and a long-term master development agreement for the Chinese market. Leadership updates at brand-level roles and participation in investor conferences are also part of the company’s news profile. For investors and observers, the QSR news stream offers insight into how RBI manages its global quick service restaurant portfolio, its franchise-focused structure and its long-term development plans.
Burger King is celebrating the 65th birthday of its iconic Whopper by airdropping 65,000 free Whopper codes in Times Square and on social media. This promotion allows fans to receive a unique code directly on their smartphones, redeemable via the BK app. The Whopper has been a staple since its introduction in 1957, and over the years, BK has innovated its offerings, including the recent Southwest Bacon Whopper and Ghost Pepper Whopper. The birthday promotion is valid on November 30, 2022, until supplies last, with codes also available via Instagram.
Restaurant Brands International (NYSE: QSR) has partnered with McWin to expand Burger King and Popeyes in Eastern Europe. McWin will develop 600 new restaurants in the Czech Republic, Poland, and Romania over the next 10 years. This move follows McWin's recent acquisition of BK SEE Poland S.A. and aims to enhance the presence of both brands in the region. The initiative highlights RBI's commitment to offering popular menu items like the Whopper and Louisiana-style chicken while leveraging McWin's operational expertise in growing markets.
Restaurant Brands International (QSR) has appointed Patrick Doyle as Executive Chairman, effective immediately, following his successful tenure at Domino's Pizza. Doyle's leadership is expected to drive growth for RBI, which has seen strong progress in its brands, including Tim Hortons and Burger King. His track record includes significant sales growth and doubling franchisee profitability. Doyle plans to invest $30M in RBI shares, signaling confidence in the company's future. The board believes this appointment will enhance strategic growth and shareholder value.
Restaurant Brands International (QSR) reported strong third-quarter results for 2022 with a 14% growth in consolidated system-wide sales. Comparable sales rose 9%, led by 11% growth at Tim Hortons and 15% at Burger King. Digital sales achieved a 26% year-over-year increase, reaching approximately $3.4 billion. The company continues to reward shareholders with dividends and plans to invest $400 million to enhance franchise operations. Net leverage remained stable at 5.2x, and net income surged to $530 million.
Burger King® has launched a new Ghost Detector feature in the BK App, exclusively for Royal Perks Members. This feature allows users to check for paranormal activity and offers a spooky meal for two featuring the new Ghost Pepper Whopper, available starting October 10. The Ghost Pepper Whopper includes a flame-grilled beef patty, spicy queso, crispy jalapeños, bacon, and ghost pepper cheese on a toasted orange and black sesame seed bun. This limited-time promotion runs from October 17 to 31 and supports their 'Reclaim the Flame' initiative for the Whopper.
Burger King® has announced a new brand positioning and tagline, ‘You Rule’, as part of its ‘Reclaim the Flame’ plan. This initiative, which will commence on
Restaurant Brands International Inc. (QSR) will release its third quarter 2022 financial results on November 3, 2022, at 8:30 a.m. Eastern Time. An investor conference call will follow, available via webcast on the company's investor relations website. Dial-in options include separate numbers for U.S. and Canadian callers. RBI, with over $35 billion in annual sales and more than 29,000 restaurants globally, owns brands like TIM HORTONS®, BURGER KING®, and POPEYES®. A replay of the earnings call will be accessible for 30 days post-release.
Burger King has unveiled its "Reclaim the Flame" plan aimed at boosting growth and profitability, backed by an investment of $400M over two years. This includes $150M for advertising and digital initiatives, and $250M for upgrading restaurant technology and remodels. The plan is supported by over 93% of U.S. Franchisees and emphasizes operational excellence, brand modernization, and enhanced guest experiences. Financially, the investment is projected to impact adjusted EPS negatively by ($0.10) to ($0.12) in 2023-2024, but is expected to become accretive from 2025 onwards.
Restaurant Brands International Inc. (TSX: QSR, NYSE: QSR) announced that CEO José Cil will participate in a fireside chat at the Scotiabank Back to School Conference on September 13, 2022, at 9:00 am Eastern Time. A live audio webcast will be available on their investor relations website and can be accessed for 30 days post-event. RBI, a leading quick service restaurant company with over $35 billion in annual sales and more than 29,000 restaurants globally, owns brands including TIM HORTONS®, BURGER KING®, and POPEYES®.
TH International Limited, operator of Tim Hortons in China, launched two co-branded ready-to-drink (RTD) coffee products with Easy Joy, China's largest convenience store chain. Available in latte and mocha flavors, the products are brewed with premium arabica beans and designed with eco-friendly packaging. CEO Yongchen Lu emphasized innovation in response to China's rapidly growing RTD coffee market, while Easy Joy's president noted the products will provide convenient choices for their 250 million customers. This collaboration signals a deepening partnership between TH International and Easy Joy.
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