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.
Restaurant Brands International Inc. (QSR) operates iconic quick-service chains including Burger King, Tim Hortons, Popeyes, and Firehouse Subs through a global franchise network. This news hub provides investors and industry observers with timely updates on material developments affecting one of the world's largest QSR operators.
Access official press releases and curated news covering RBI's financial performance, strategic partnerships, menu innovations, and operational initiatives. Track updates across brand portfolios, franchisee support programs, and digital transformation efforts that shape the company's market position.
Key content includes earnings announcements, leadership changes, expansion milestones, and sustainability initiatives. All materials are sourced from verified corporate communications and reputable financial publications to ensure reliability.
Bookmark this page for streamlined access to developments impacting RBI's global operations across 120+ countries. Check regularly for updates on how the company balances brand autonomy with centralized operational best practices in the competitive QSR sector.
Restaurant Brands International (TSX: QSR, NYSE: QSR) reported a robust third quarter for 2021 with a 11% increase in global system-wide sales year-over-year, reflecting a 25% growth for Burger King internationally. The company returned over $425 million to shareholders through dividends and share buybacks. Adjusted EBITDA rose to $607 million, up from $561 million year-over-year, with a net income attributable to common shareholders of $328 million. The firm aims to cut greenhouse gas emissions by 50% by 2030.
Burger King will be the first global quick-service restaurant to test Impossible Foods’ plant-based Chicken Nuggets. Starting on October 11, customers in Des Moines, IA, Boston, MA, and Miami, FL can try these nuggets, available in an eight-piece order. This follows Burger King's previous collaboration with Impossible Foods for the Impossible Whopper. Additionally, the chain will launch Ghost Pepper Chicken Nuggets nationwide for a limited time, exclusively accessible to Royal Perks members before the public release.
Restaurant Brands International Inc. (TSX: QSR) will release its third quarter 2021 financial results on October 25, 2021, hosting an investor conference call at 8:30 a.m. Eastern Time. This call will be available as a webcast on the company's investor relations website, with a 30-day replay option. Investors can access the call via specific dial-in numbers for U.S., Canadian, and international callers. RBI, one of the largest quick service restaurant chains globally, boasts approximately $33 billion in annual sales and over 27,000 restaurants across more than 100 countries.
Restaurant Brands International (QSR) has announced aggressive targets to significantly reduce its greenhouse gas emissions. With a commitment to cut emissions by 50% by 2030 and achieve net-zero emissions by 2050, this strategy aligns with the Science Based Targets initiative. The company anticipates preventing approximately 25.4 million metric tons of CO2 emissions, equating to removing 5.5 million cars from the roads for a year. These initiatives reflect RBI's dedication to sustainable growth without increasing emissions.
Burger King announces the permanent ban of 120 artificial ingredients from its food menu, enhancing its commitment to real food. Starting September 12, guests can enjoy the 'Keep It Real Meals,' featuring celebrity-endorsed meal options. The campaign aims to align with changing consumer preferences for quality ingredients. The company promotes its new Royal Perks program, allowing members to purchase these meals for $6. This initiative positions Burger King as a leader in the fast-food industry regarding ingredient transparency and customer experience.
Burger King has launched its Royal Perks loyalty program nationwide, allowing customers to earn and redeem crowns for purchases made through the BK app, website, and participating restaurants. The program, which began testing earlier this year, aims to enhance customer engagement by offering perks such as earning 10 crowns for every $1 spent and free daily upsizing options. Feedback indicates over 80% of members recommend the loyalty initiative. The rollout follows a significant digital enhancement journey aimed at improving the overall guest experience.
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.
