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Restaurant Brands International Inc. - QSR STOCK NEWS

Welcome to our dedicated page for Restaurant Brands International news (Ticker: QSR), a resource for investors and traders seeking the latest updates and insights on Restaurant Brands International stock.

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

News

Restaurant Brands International Announces Leadership Changes to Support Long-Term Growth

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Restaurant Brands International Inc. announces leadership team changes to drive long-term growth, with Sami Siddiqui appointed as CFO, Thiago Santelmo as President of International, and Jeff Klein as President of Popeyes US and Canada. The company aims to achieve 40,000 restaurants, $60B in system-wide sales, and $3.2B in Adjusted Operating Income by 2028.
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Restaurant Brands International Inc. Introduces Five-Year Growth Outlook

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Restaurant Brands International Inc. (QSR) projects significant growth by 2028 with 40,000 restaurants, $60B in sales, and $3.2B in income. The company anticipates 3%+ sales growth annually, focusing on efficient capital allocation and dividend growth. Tim Hortons, Burger King, Popeyes, and Firehouse Subs are key drivers of this growth with strategic plans for each brand.
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Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2023 Results

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Restaurant Brands International Inc. reports a 30% increase in home market franchisee profitability year-over-year, with global system-wide sales growing nearly 10% for Q4 and over 12% for 2023. Digital sales hit $14 billion in 2023, representing over a third of system-wide sales. Nearly $1.5 billion returned to shareholders in 2023.
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Restaurant Brands International to Report Full Year and Fourth Quarter 2023 Results on February 13, 2024 and Host an Investor Event on February 15, 2024

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Restaurant Brands International Inc. (RBI) will release its full year and fourth quarter 2023 financial results on February 13, 2024, and host an investor conference call. Additionally, an investor event with CEO Josh Kobza and Executive Chairman Patrick Doyle is scheduled for February 15, 2024. The earnings call will be webcast and a replay will be available. Dial-in numbers are provided for access to the conference call.
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Burger King® Company to Acquire Carrols Restaurant Group

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Burger King's parent company, RBI, has reached an agreement to acquire Carrols Restaurant Group Inc. for $1.0 billion, which is a 23.1% premium to Carrols' 30-day volume-weighted average price. The acquisition will allow Burger King to rapidly remodel and refranchise Carrols' 1,022 Burger King restaurants, aiming to accelerate sales growth and drive franchisee profitability. The transaction is expected to be completed in the second quarter of 2024, subject to customary closing conditions.
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Restaurant Brands International Inc. Announces Revised Segment Reporting

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Restaurant Brands International Inc. (RBI) (TSX: QSR) (NYSE: QSR) announced a shift in reportable segments and definition of segment income. Beginning with the fourth quarter and year ended December 31, 2023, RBI will report results under five reportable segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), Firehouse Subs (FHS), and International (INTL). This shift reflects how RBI's leadership intends to oversee and manage the business going forward. RBI has also transitioned its definition of segment income from Adjusted EBITDA to Adjusted Operating Income (AOI). The Company will continue to report Adjusted EBITDA on a consolidated and segment level basis for supplemental purposes. The company's CEO, Josh Kobza, and CFO, Matthew Dunnigan, provided insight into the changes, emphasizing the autonomy given to brand leaders and the focus on long-term growth and profitability.
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Restaurant Brands International Inc. Announces New Segment Reporting and Key Dates for 2024

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Restaurant Brands International Inc. (RBI) (TSX: QSR) (NYSE: QSR) announces a shift in its reportable segments, providing enhanced disclosure on international and home market businesses. The company will report under five segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, and International. RBI will also provide historical financial and operational metrics for these segments on January 8, 2024, and host an investor event on February 15, 2024.
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Chris O'Neill Joins GrowthLoop's Board of Directors

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GrowthLoop (GLOOP) appoints Chris O'Neill, a global technology leader with 25+ years of experience at Google, Evernote, and Xero, to their Board of Directors. O'Neill will contribute to the company's new approach to growth marketing, Generative Marketing, which integrates generative AI within a Composable Customer Data Platform.
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Restaurant Brands International Inc. to Participate in Morgan Stanley Global Consumer & Retail Conference

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Restaurant Brands International Inc. (QSR) announced that Patrick Doyle, Executive Chairman, will participate in a fireside chat at Morgan Stanley Global Consumer & Retail Conference on December 5th, 2023 at 8:45 am Eastern Time. A live audio webcast will be available on the company's investor relations website and will be available for 30 days following the event.
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Restaurant Brands International Inc. Reports Third Quarter 2023 Results

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Restaurant Brands International Inc. (RBI) reported a 10.9% year-over-year growth in consolidated system-wide sales and a 7.0% growth in global comparable sales for the third quarter of 2023. The company returned over $360 million to shareholders while investing for growth and reducing net leverage. Net income was $364 million, down from $530 million in the prior year. Adjusted EBITDA increased 9.3% organically to $698 million.
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FAQ

What is the current stock price of Restaurant Brands International (QSR)?

The current stock price of Restaurant Brands International (QSR) is $66.77 as of December 20, 2024.

What is the market cap of Restaurant Brands International (QSR)?

The market cap of Restaurant Brands International (QSR) is approximately 21.5B.

What is Restaurant Brands International Inc. (RBI)?

RBI is a global leader in the quick service restaurant industry, owning iconic brands like Tim Hortons, Burger King, Popeyes, and Firehouse Subs.

How does RBI generate revenue?

RBI's revenue streams include retail sales at company-owned restaurants, royalty fees, lease income from franchised stores, and Tim Hortons' supply chain operations.

What are RBI's core brands?

RBI owns Tim Hortons, Burger King, Popeyes Louisiana Kitchen, and Firehouse Subs.

What recent acquisition did RBI complete?

RBI recently acquired Carrols Restaurant Group, the largest Burger King franchisee in the U.S., for approximately $1.0 billion.

What is the 'Reclaim the Flame' plan?

The 'Reclaim the Flame' plan is RBI's strategic initiative to invest $400 million in advertising and digital efforts, and $250 million in restaurant remodels for Burger King by 2028.

What are RBI's financial highlights for 2023?

In 2023, RBI reported approximately $43 billion in system-wide sales, with notable increases across all its segments.

How is RBI enhancing its financial disclosures?

Starting in January 2024, RBI will report results under five segments: Tim Hortons, Burger King, Popeyes, Firehouse Subs, and International.

What sustainability initiatives does RBI focus on?

RBI's Restaurant Brands for Good framework focuses on improving sustainable outcomes related to food, the planet, and people.

How can I learn more about RBI?

You can learn more about RBI by visiting their official website at www.rbi.com.

What is RBI's approach to capital allocation?

RBI balances capital allocation for high-return growth opportunities, consistent dividend growth, and share repurchases at attractive valuations.

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Restaurant Brands International Inc.

NYSE:QSR

QSR Rankings

#508 Ranked by Market Cap
#914 Ranked by Dividends

QSR Stock Data

21.50B
318.91M
1.26%
88.35%
2.29%
Restaurants
Retail-eating Places
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United States of America
TORONTO