Restaurant Brand - QSR STOCK NEWS

Restaurant Brands International reported a robust first quarter, showcasing a 14% year-over-year growth in system-wide sales, translating to nearly $1 billion. Comparable sales rose by 8%, driven by over 10% growth at Tim Hortons Canada and over 20% at Burger King International. Digital sales reached an all-time high, and a record number of restaurant openings were noted. The company returned over $400 million to shareholders through dividends and buybacks during the quarter.

Burger King has launched a new benefit for its Royal Perks members, offering free fries every week for the remainder of the year with any purchase. The program, available at participating U.S. locations, allows members to choose any size fry and is part of a broader loyalty initiative that includes earning Crowns for spending, daily upsizing options, and exclusive member rewards. The promotion started on April 25, 2022, and members must sign up by June 20, 2022, to participate.

Burger King and Cargill have launched a partnership with the National Fish and Wildlife Foundation to support ranchers in the Southern Great Plains. This five-year initiative will provide up to $5 million in funding, aiming to sequester up to 360,000 metric tons of carbon dioxide equivalent annually, enough to power 43,000 U.S. homes for a year. The collaboration focuses on regenerative agriculture practices to improve grassland management and reduce greenhouse gas emissions, with a total projected impact of $10 million.

Restaurant Brands International Inc. (QSR) will announce its first quarter 2022 financial results on May 3, 2022, during an investor conference call at 8:30 a.m. Eastern Time. The call will be accessible via its investor relations website and available for replay for 30 days. On the same day, a Tim Hortons Canada Investor Day will take place at 11:00 a.m. Eastern Time, featuring discussions on growth strategies. RBI operates over 29,000 restaurants globally with annual sales around $35 billion.

Burger King has launched a delivery feature through its app, aiming to make ordering their iconic Whopper more convenient. The campaign, titled 'Every home can be the Home of the Whopper,' targets smartphone users who crave the flame-grilled sandwich. Global Head of Brand Marketing, Iwo Zakowski, emphasizes the goal to enhance customer satisfaction by ensuring quick and easy delivery to homes. Burger King operates over 18,600 locations worldwide, predominantly by independent franchisees.

TH International Limited, the operator of Tim Hortons in China, announced a PIPE investment of up to $94.5 million and a $100 million committed share facility to support its 5-year business plan. The entry valuation in its merger with Silver Crest Acquisition Corporation has been reduced from $1.688 billion to $1.4 billion. The agreements are set to satisfy the minimum cash requirement and extend the merger deadline to June 30, 2022. This funding aims to enhance Tims China's market position in the growing coffee sector.

Burger King has launched new Whopper Melts, a range of handheld sandwiches featuring flame-grilled beef patties, toasted bread, and various toppings. Available in three varieties—Whopper Melt, Spicy Whopper Melt, and Bacon Whopper Melt—these sandwiches are priced starting at $4.29. To celebrate the launch, Burger King is offering exclusive combo meals for Royal Perks members starting at $6, starting March 10. The Whopper Melt introduces a new way to enjoy the iconic Whopper, with plans for more Whopper innovations to follow.

Restaurant Brands International (QSR) reported a strong fourth quarter in 2021, with system-wide sales growth of 14% year-over-year, driven by improvements at Tim Hortons Canada and Burger King U.S. Comparable sales for the quarter increased significantly, and digital sales surged over 65% to reach $10 billion. RBI opened more than 1,200 new restaurants globally, reflecting robust growth. The company returned $1.5 billion to shareholders in 2021 and announced a quarterly dividend of $0.54, targeting a total of $2.16 per share for 2022.

Restaurant Brands International (TSX: QSR) will participate virtually in the RBC Capital Markets 2022 Environmental, Social and Governance Conference on February 23, 2022, at 10:30 AM Eastern Time. A live audio webcast can be accessed on the company's investor relations website, remaining available for 30 days post-event. With over $35 billion in annual system-wide sales, RBI operates more than 28,000 restaurants in over 100 countries and owns major brands like TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®.