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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 (QSR) reported strong third-quarter results for 2022 with a 14% growth in consolidated system-wide sales. Comparable sales rose 9%, led by 11% growth at Tim Hortons and 15% at Burger King. Digital sales achieved a 26% year-over-year increase, reaching approximately $3.4 billion. The company continues to reward shareholders with dividends and plans to invest $400 million to enhance franchise operations. Net leverage remained stable at 5.2x, and net income surged to $530 million.
Burger King® has launched a new Ghost Detector feature in the BK App, exclusively for Royal Perks Members. This feature allows users to check for paranormal activity and offers a spooky meal for two featuring the new Ghost Pepper Whopper, available starting October 10. The Ghost Pepper Whopper includes a flame-grilled beef patty, spicy queso, crispy jalapeños, bacon, and ghost pepper cheese on a toasted orange and black sesame seed bun. This limited-time promotion runs from October 17 to 31 and supports their 'Reclaim the Flame' initiative for the Whopper.
Burger King® has announced a new brand positioning and tagline, ‘You Rule’, as part of its ‘Reclaim the Flame’ plan. This initiative, which will commence on
Restaurant Brands International Inc. (QSR) will release its third quarter 2022 financial results on November 3, 2022, at 8:30 a.m. Eastern Time. An investor conference call will follow, available via webcast on the company's investor relations website. Dial-in options include separate numbers for U.S. and Canadian callers. RBI, with over $35 billion in annual sales and more than 29,000 restaurants globally, owns brands like TIM HORTONS®, BURGER KING®, and POPEYES®. A replay of the earnings call will be accessible for 30 days post-release.
Burger King has unveiled its "Reclaim the Flame" plan aimed at boosting growth and profitability, backed by an investment of $400M over two years. This includes $150M for advertising and digital initiatives, and $250M for upgrading restaurant technology and remodels. The plan is supported by over 93% of U.S. Franchisees and emphasizes operational excellence, brand modernization, and enhanced guest experiences. Financially, the investment is projected to impact adjusted EPS negatively by ($0.10) to ($0.12) in 2023-2024, but is expected to become accretive from 2025 onwards.
Restaurant Brands International Inc. (TSX: QSR, NYSE: QSR) announced that CEO José Cil will participate in a fireside chat at the Scotiabank Back to School Conference on September 13, 2022, at 9:00 am Eastern Time. A live audio webcast will be available on their investor relations website and can be accessed for 30 days post-event. RBI, a leading quick service restaurant company with over $35 billion in annual sales and more than 29,000 restaurants globally, owns brands including TIM HORTONS®, BURGER KING®, and POPEYES®.
TH International Limited, operator of Tim Hortons in China, launched two co-branded ready-to-drink (RTD) coffee products with Easy Joy, China's largest convenience store chain. Available in latte and mocha flavors, the products are brewed with premium arabica beans and designed with eco-friendly packaging. CEO Yongchen Lu emphasized innovation in response to China's rapidly growing RTD coffee market, while Easy Joy's president noted the products will provide convenient choices for their 250 million customers. This collaboration signals a deepening partnership between TH International and Easy Joy.
McWin has secured a master franchise agreement with Burger King to expand operations in Poland, committing to open over 200 new restaurants. This marks the first investment from the €525 million McWin Restaurant Fund. McWin, led by industry veterans, aims to enhance the brand's digitalization and sustainability efforts. Burger King, active in Poland since 2007, emphasizes its unique flame-grilled offerings and plans to digitalize customer experiences through innovative ordering systems.
Restaurant Brands International Inc. (QSR) announced the renewal of its normal course issuer bid (NCIB) to repurchase up to US$1.0 billion of common shares through the Toronto Stock Exchange. This NCIB will run from August 17, 2022 to August 16, 2023, allowing for the purchase of 30,254,374 shares. As of July 30, 2022, approximately 15 million shares had been repurchased under the previous NCIB. The program aims to enhance shareholder value and may involve market purchases and derivative-based strategies.
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.
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