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Restaurant Brands International Inc. (RBI), trading under the symbol QSR, is a global leader in the quick service restaurant (QSR) industry. Founded in 2014 following 3G Capital's acquisition of Tim Hortons International, RBI is headquartered in Toronto, Canada. The company boasts over 30,000 restaurants across more than 100 countries, generating approximately $43 billion in system-wide sales in 2023.
RBI owns and operates four iconic brands: Tim Hortons®, Burger King®, Popeyes Louisiana Kitchen®, and Firehouse Subs®. These brands have a rich history of serving their communities, guests, and franchisees with dedication and quality for decades. Tim Hortons leads in the hot brewed coffee and baked goods market in Canada, while Burger King is renowned globally for its flame-grilled burgers. Popeyes is celebrated for its authentic Louisiana-style fried chicken, and Firehouse Subs is consistently rated highly for its quality and flavor.
RBI's revenue streams are diversified, coming from retail sales at company-owned restaurants, royalty fees, lease income from franchised stores, and Tim Hortons' supply chain operations. The company emphasizes growth and innovation across its brands, leveraging global scale and shared best practices to enhance operational efficiency and customer experience.
Recent strategic initiatives include RBI's acquisition of Carrols Restaurant Group, the largest Burger King franchisee in the U.S., which is set to boost the company's footprint and franchisee profitability through the
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.
Restaurant Brands International has launched an offering of $800 million in 3.875% First Lien Senior Secured Notes due 2028. This follows a previous issuance of $750 million in similar notes. The funds will be used to redeem $775 million of the 4.250% First Lien Senior Secured Notes due 2024, covering principal, interest, and related costs. These notes are secured by the company’s subsidiaries, and the offering is targeted towards qualified institutional buyers under Rule 144A and Regulation S. Restaurant Brands operates over 27,000 restaurants globally.
Restaurant Brands International (QSR) will participate in the Evercore ISI Consumer & Retail Summit on June 17, 2021, at 4:15 PM ET. A live audio webcast will be accessible on their investor relations website for 30 days post-event. Restaurant Brands International is a leading quick-service restaurant company with about $31 billion in annual sales and over 27,000 restaurants worldwide, home to renowned brands like TIM HORTONS, BURGER KING, and POPEYES.
Restaurant Brands International Inc. (TSX: QSR, NYSE: QSR) announced its participation in the Bernstein Strategic Decisions Conference on June 4, 2021, at 11:00 AM Eastern Time. A live audio webcast will be accessible on the company's investor relations website and will remain available for 30 days post-event. RBI, a leading quick-service restaurant company, generates approximately $31 billion in annual sales and operates over 27,000 restaurants across more than 100 countries, featuring brands like TIM HORTONS®, BURGER KING®, and POPEYES®.
Burger King introduces the new hand-breaded Ch’King sandwich, available nationwide starting June 3. The product aims to rival the iconic Whopper and features options like Spicy Ch’King and Deluxe versions. Guests can receive a free Whopper with the purchase of a Ch’King through the app or website, valid until June 20. The Ch’King is praised for its crispiness and juiciness, with positive feedback from early tasters. Burger King, founded in 1954, operates over 18,800 locations globally, primarily through independent franchisees.
Burger King is launching a green packaging pilot program aimed at reducing its environmental impact. This initiative focuses on scalable solutions for eight frequently used items, which include forks, spoons, knives, straws, drink lids, Frypods, Whopper wrappers, and napkins. By investing in sustainable practices, the company aims to enhance its commitment to a more eco-friendly future.
Restaurant Brands International (QSR) reported a return to growth in Q1 2021, with system-wide sales surpassing 2019 levels. The company opened 148 net new restaurants, nearing its best Q1 performance. Tim Hortons saw a 31% surge in digital sales in Canada, while Burger King's $1 Your Way menu drove positive results. Popeyes plans to expand by over 1,000 restaurants in the UK, India, Mexico, and Saudi Arabia over the next decade. The company declared a dividend of $0.53, payable on July 7, 2021. Overall, RBI's financial health shows improvements in net income and adjusted EBITDA.
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