Restaurant Brands International Inc. - QSR STOCK NEWS

Restaurant Brands International (TSX: QSR) announced its participation in the Scotiabank Back to School Conference on September 14, 2021, at 9:50 am ET. The event will be held virtually, and a live audio webcast will be accessible on the company's investor relations website for 30 days post-event. RBI, a leader in the quick-service restaurant sector with about $33 billion in annual sales and over 27,000 restaurants globally, operates renowned brands like TIM HORTONS®, BURGER KING®, and POPEYES®.

Restaurant Brands International has appointed Tom Curtis as President of Burger King U.S. & Canada. With 35 years of experience as both a franchisee and senior operations executive, Curtis aims to enhance the Burger King brand's performance. His strategy includes focusing on guest experience, evolving the menu, streamlining operations, and launching the Royal Perks loyalty program. José Cil, CEO, emphasizes the importance of strong leadership and execution to elevate Burger King's market position.

Restaurant Brands International (QSR) has filed a notice to renew its normal course issuer bid (NCIB), which allows it to repurchase up to US$1.0 billion of its common shares over two years. The TSX has approved this bid, permitting the company to buy approximately 30,382,519 shares, representing 10% of its public float. The repurchases will be conducted through the TSX and NYSE, following respective regulations. No shares were repurchased in the past 12 months, but the company plans to utilize its cash resources for future transactions.

Restaurant Brands International announced a public offering of 9,608,744 common shares by HL1 17 LP, an affiliate of 3G Capital. The offering is in response to a notice to exchange an equal number of Class B Exchangeable Units for common shares. No proceeds will go to RBI, and the company will not sell any shares in this transaction. The offering is expected to close on August 9, 2021, with settlement by August 24, 2021. Morgan Stanley is acting as the sole book-running manager for the offering.

Restaurant Brands International Inc. (QSR) announced the receipt of an exchange notice to exchange 9,608,744 Class B exchangeable limited partnership units for common shares. The Selling Shareholder, an affiliate of 3G Capital, has initiated a public offering of the same number of common shares. The transaction is expected to settle by August 24, 2021. RBI will not sell any shares or receive proceeds from this offering. Morgan Stanley is the sole book-running manager for the offering, which is made under an effective shelf registration statement.

Restaurant Brands International Inc. (QSR) reported robust financial results for Q2 2021, with system-wide sales growth accelerating to +31.9% compared to 2020. The company opened 378 new restaurants and achieved a nearly +60% increase in digital sales year-over-year. Net income surged to $390 million, up from $163 million in Q2 2020, with diluted EPS rising to $0.84. Liquidity was bolstered to $2.8 billion, and the Board authorized a $1 billion share buyback program.

Restaurant Brands International is set to release its second quarter 2021 financial results on July 30, 2021, with an investor conference call scheduled for 8:30 a.m. Eastern Time. The call will be available via webcast on the company's investor relations website, with a replay accessible for 30 days. Investors can join the call using specific dial-in numbers for U.S. and Canadian callers. Restaurant Brands operates over 27,000 restaurants globally and generates approximately $31 billion in annual sales, owning brands like TIM HORTONS, BURGER KING, and POPEYES.

Restaurant Brands International (QSR) held its Annual Meeting of Shareholders on June 16, 2021, with 403,132,197 eligible votes, representing 87% of all votes. All twelve director nominees were elected, including notable figures like João M. Castro-Neves and Marc Lemann, with voting results showing high support (over 89% for most). The firm reported approximately $31 billion in annual system-wide sales from over 27,000 restaurants worldwide under its brands: TIM HORTONS®, BURGER KING®, and POPEYES®.

On June 15, 2021, Restaurant Brands International Inc. (QSR) announced the pricing of an $800 million offering of 3.875% First Lien Senior Secured Notes due 2028. This issuance is an addition to a previous $750 million offering under the same terms. The net proceeds will be used to redeem $775 million of 4.250% First Lien Senior Secured Notes due 2024. The Notes are secured obligations and guaranteed by RBI's subsidiaries. The offering is set to close on or about July 6, 2021.