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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 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.
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®.
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