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.
In Q2 2022, Restaurant Brands International (QSR) reported a 14% increase in global system-wide sales, totaling over $10 billion, with comparable sales growth of 9%. Tim Hortons Canada achieved 14% growth, while Burger King International saw 18% growth. Digital sales surpassed $3 billion, comprising 33% of total sales. Over $400 million returned to shareholders via dividends and buybacks. However, net income dropped to $346 million from $391 million due to increased tax expenses and share-based compensations. The company anticipates ongoing challenges from inflation and labor shortages.
Restaurant Brands International Inc. (QSR) will announce its second quarter 2022 financial results on August 4, 2022, followed by an investor conference call at 8:30 a.m. Eastern Time. The earnings call will be accessible via webcast on the company's investor relations website, with a replay available for 30 days. Investors can join the call through various dial-in numbers, using access code 194063. RBI, a leading quick service restaurant company, has over $35 billion in annual sales and operates more than 29,000 restaurants globally.
On June 15, 2022, Restaurant Brands International (QSR) held its Annual Meeting of Shareholders, achieving a voter turnout of 86.27% with 390,350,362 eligible votes. All twelve nominees for the Board of Directors were elected, each being an incumbent. Notably, João M. Castro-Neves received 99.83% approval, while Alexandre Behring garnered 92.81%. The results will be filed with Canadian and U.S. securities regulators. RBI operates over 29,000 restaurants worldwide, generating approximately $35 billion in annual sales.
Restaurant Brands International Inc. (TSX: QSR, NYSE: QSR) announced that Matthew Dunnigan, CFO, will participate in a fireside chat at the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Conference on June 14, 2022, at 9:00 am ET. A live audio webcast will be accessible on their investor relations website and will remain available for 30 days post-event. RBI is a leading quick service restaurant company with over $35 billion in annual sales and more than 29,000 restaurants globally, owning brands like TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®.
Restaurant Brands International Inc. (TSX: QSR), a leading quick service restaurant company, announced that its CEO, José Cil, will speak at the RBC Capital Markets 2022 Global Consumer & Retail Conference on June 2, 2022, at 9:20 am ET. A live audio webcast will be accessible on the company's investor relations website and will remain available for 30 days post-event. RBI operates iconic brands including TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®, boasting over $35 billion in annual sales and 29,000 restaurants across more than 100 countries.
Restaurant Brands International Inc. (QSR) will participate in the Cowen 6th Annual Future of the Consumer Conference on May 25, 2022, at 9:20 am ET. Key speakers include Joshua Kobza, Chief Operating Officer, and Frank Liberio, Chief Information Officer. A live audio webcast will be accessible on the company’s investor relations website, available for 30 days post-event. RBI operates four major brands: TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®, with over $35 billion in annual sales and 29,000+ locations globally.
Restaurant Brands International reported a robust first quarter, showcasing a 14% year-over-year growth in system-wide sales, translating to nearly $1 billion. Comparable sales rose by 8%, driven by over 10% growth at Tim Hortons Canada and over 20% at Burger King International. Digital sales reached an all-time high, and a record number of restaurant openings were noted. The company returned over $400 million to shareholders through dividends and buybacks during the quarter.
Burger King has launched a new benefit for its Royal Perks members, offering free fries every week for the remainder of the year with any purchase. The program, available at participating U.S. locations, allows members to choose any size fry and is part of a broader loyalty initiative that includes earning Crowns for spending, daily upsizing options, and exclusive member rewards. The promotion started on April 25, 2022, and members must sign up by June 20, 2022, to participate.
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