Restaurant Brands International Inc. - QSR STOCK NEWS

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®.

Restaurant Brands International will release its full year and fourth quarter 2021 financial results on February 15, 2022, followed by an investor conference call at 8:30 a.m. Eastern Time. The earnings call will be available via webcast on the company's investor relations website, with a replay accessible for 30 days. RBI, a major player in the quick-service restaurant industry, boasts over $35 billion in annual system-wide sales and operates more than 28,000 restaurants across 100 countries.

Restaurant Brands International will participate virtually in the Barclays Global Inflation Conference on January 24, 2022, at 10:45 AM Eastern Time. The event will be accessible through a live audio webcast on the company's investor relations website, available for 30 days post-event. RBI, with over $35 billion in annual sales and more than 28,000 restaurants globally, operates major brands like TIM HORTONS, BURGER KING, POPEYES, and FIREHOUSE SUBS. The company is committed to sustainable practices through its Restaurant Brands for Good framework.

Popeyes® has partnered with Silla Co., Ltd. to establish an exclusive Master Franchise and Development Agreement to launch hundreds of restaurants in South Korea. This expansion highlights Popeyes' commitment to international growth, particularly in the lucrative chicken QSR market. The first restaurant is expected to open in 2022, contributing to local employment by creating hundreds of jobs. Popeyes, established in 1972, is renowned for its New Orleans-style cuisine and has grown to over 3,600 locations globally.

The Board of Directors of Restaurant Brands International (TSX: QSR) announced the appointment of Thecla Sweeney as an independent board member, effective January 1, 2022. Sweeney brings extensive experience in retail and management from her roles at Motion LP and Birch Hill Equity Partners. She fills the vacancy left by Carlos Sicupira, who retires after over a decade of service. Executives expressed confidence that Sweeney's expertise will enhance the board's diversity and decision-making. Restaurant Brands International operates well-known brands including Tim Hortons and Burger King, with annual sales of approximately $35 billion.