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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
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.
Restaurant Brands International Inc. (QSR) will announce its second quarter 2022 financial results on August 4, 2022, followed by an investor conference call at 8:30 a.m. Eastern Time. The earnings call will be accessible via webcast on the company's investor relations website, with a replay available for 30 days. Investors can join the call through various dial-in numbers, using access code 194063. RBI, a leading quick service restaurant company, has over $35 billion in annual sales and operates more than 29,000 restaurants globally.
On June 15, 2022, Restaurant Brands International (QSR) held its Annual Meeting of Shareholders, achieving a voter turnout of 86.27% with 390,350,362 eligible votes. All twelve nominees for the Board of Directors were elected, each being an incumbent. Notably, João M. Castro-Neves received 99.83% approval, while Alexandre Behring garnered 92.81%. The results will be filed with Canadian and U.S. securities regulators. RBI operates over 29,000 restaurants worldwide, generating approximately $35 billion in annual sales.
Restaurant Brands International Inc. (TSX: QSR, NYSE: QSR) announced that Matthew Dunnigan, CFO, will participate in a fireside chat at the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Conference on June 14, 2022, at 9:00 am ET. A live audio webcast will be accessible on their investor relations website and will remain available for 30 days post-event. RBI is a leading quick service restaurant company with over $35 billion in annual sales and more than 29,000 restaurants globally, owning brands like TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®.
Restaurant Brands International Inc. (TSX: QSR), a leading quick service restaurant company, announced that its CEO, José Cil, will speak at the RBC Capital Markets 2022 Global Consumer & Retail Conference on June 2, 2022, at 9:20 am ET. A live audio webcast will be accessible on the company's investor relations website and will remain available for 30 days post-event. RBI operates iconic brands including TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®, boasting over $35 billion in annual sales and 29,000 restaurants across more than 100 countries.
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