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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
On February 27, 2023, Restaurant Brands International (NYSE: QSR) announced a secondary offering of 2,213,851 common shares by HL1 17 LP, affiliated with 3G Capital. This offering is linked to an exchange of 2,213,851 Class B exchangeable limited partnership units for common shares. The forward sale agreement with BofA Securities will settle by March 16, 2023, with the Selling Shareholder receiving cash proceeds from the offering. RBI will not sell any shares or receive proceeds, ensuring no change in outstanding shares. The offering closes on March 2, 2023, subject to conditions.
Restaurant Brands International Inc. (QSR) announced it received an exchange notice to exchange 2,213,851 Class B exchangeable limited partnership units for an equal number of common shares. The Selling Shareholder, HL1 17 LP, is also commencing a public offering of the same number of common shares. This will involve a forward sale agreement with BofA Securities. Importantly, RBI will not sell any shares or receive any proceeds from this transaction, and the total number of Exchangeable Units and common shares remains unchanged. Settlement is expected by March 16, 2023.
The Board of Directors of Restaurant Brands International (NYSE:QSR) has appointed Joshua Kobza as the new CEO effective March 1, 2023, as part of a succession planning initiative. Kobza, who has been with the company for over 11 years in various senior roles, including Chief Financial Officer and Chief Operating Officer, aims to accelerate growth and prioritize franchisee success. José Cil, the outgoing CEO, will serve as an advisor for one year to ensure a smooth transition. This leadership change aligns with RBI's goals to advance its brands, which include Tim Hortons, Popeyes, and Burger King, amidst a competitive industry.
Restaurant Brands International Inc. (QSR) reported robust Q4 and full-year 2022 results, highlighting nearly 12% system-wide sales growth, driven by strong contributions from Tim Hortons Canada and Burger King International. Digital sales surged over 30%, exceeding $13.5 billion, while the company opened 1,266 new restaurant units, marking Popeyes' best development year. Net income reached $1.48 billion, with diluted EPS climbing to $3.25. The company also announced Joshua Kobza's appointment as CEO effective March 1, 2023, as part of succession planning. Additionally, a dividend of $0.55 per share was declared for Q1 2023, targeting $2.20 total dividends for the year.
Restaurant Brands International Inc. (TSX: QSR) will release its full year and fourth quarter 2022 financial results on February 14, 2023, followed by an investor conference call at 8:30 a.m. Eastern Time. The call will be available via webcast on the company’s investor relations site. A replay will be accessible for 30 days. Additionally, the company will host a meeting with Executive Chairman Patrick Doyle on February 22, 2023, at 1:30 p.m. Eastern Time, where Doyle will discuss his recent investment of $30 million in RBI and share insights from his early tenure. RBI, known for brands like TIM HORTONS and BURGER KING, operates over 29,000 restaurants globally.
Popeyes® is set to expand into Central Asia by opening numerous locations in Kazakhstan, marking its first entry into the region. This initiative, announced on December 21, 2022, is a partnership with Centras Group, aimed at creating thousands of jobs and boosting the local hospitality sector. The brand’s signature offerings, including its famous Chicken Sandwich, will be introduced. With over 3,900 restaurants globally, Popeyes continues to grow, and this move reflects its commitment to reaching new markets.
Restaurant Brands International will have CEO José Cil participate in a fireside chat at the Morgan Stanley Consumer & Retail Conference on December 6, 2022, at 8:45 am Eastern Time. The event can be accessed via a live audio webcast on the company's investor relations website, available for 30 days post-event. RBI, a leader in the quick-service restaurant sector, has over $35 billion in annual sales and operates more than 29,000 restaurants worldwide under brands like Tim Hortons, Burger King, and Popeyes.
Burger King is celebrating the 65th birthday of its iconic Whopper by airdropping 65,000 free Whopper codes in Times Square and on social media. This promotion allows fans to receive a unique code directly on their smartphones, redeemable via the BK app. The Whopper has been a staple since its introduction in 1957, and over the years, BK has innovated its offerings, including the recent Southwest Bacon Whopper and Ghost Pepper Whopper. The birthday promotion is valid on November 30, 2022, until supplies last, with codes also available via Instagram.
Restaurant Brands International (NYSE: QSR) has partnered with McWin to expand Burger King and Popeyes in Eastern Europe. McWin will develop 600 new restaurants in the Czech Republic, Poland, and Romania over the next 10 years. This move follows McWin's recent acquisition of BK SEE Poland S.A. and aims to enhance the presence of both brands in the region. The initiative highlights RBI's commitment to offering popular menu items like the Whopper and Louisiana-style chicken while leveraging McWin's operational expertise in growing markets.
Restaurant Brands International (QSR) has appointed Patrick Doyle as Executive Chairman, effective immediately, following his successful tenure at Domino's Pizza. Doyle's leadership is expected to drive growth for RBI, which has seen strong progress in its brands, including Tim Hortons and Burger King. His track record includes significant sales growth and doubling franchisee profitability. Doyle plans to invest $30M in RBI shares, signaling confidence in the company's future. The board believes this appointment will enhance strategic growth and shareholder value.
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