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Restaurant Brands International Inc. - $QSR STOCK NEWS

Welcome to our dedicated page for Restaurant Brands International news (Ticker: $QSR), a resource for investors and traders seeking the latest updates and insights on Restaurant Brands International stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Restaurant Brands International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Restaurant Brands International's position in the market.

News
Restaurant Brands International Inc. Reports First Quarter 2024 Results
Rhea-AI Summary

Restaurant Brands International Inc. reported strong financial results for the first quarter of 2024, with consolidated system-wide sales growing by 8.1% year-over-year. The global comparable sales increased by 4.6%, driven by positive performance across all segments. The company is investing $300 million in a remodel program at Burger King US to achieve a modern image at 85% to 90% of locations by 2028.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
Tags
earnings
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News
Burger King® Announces Additional Investment to Achieve 85%-90% Modern Image in U.S. Restaurants by 2028
Rhea-AI Summary

Burger King Company announced an additional $300M investment to accelerate the modernization of Burger King® restaurants in the U.S. The investment aims to achieve a 85%-90% modern image in U.S. restaurants by 2028. This investment builds on previous initiatives like the 'Royal Reset' plan and the acquisition of Carrols Restaurant Group. Burger King has seen early positive results from its investments, including record franchisee profitability and strong sales uplifts. The additional investment will launch 'Royal Reset 2.0', providing cash incentives to operators for remodels and rebuilds. The brand expects to achieve its modernization goal by 2028, reinforcing its commitment to enhancing guest experience.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
Tags
none
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News
Restaurant Brands International to Report First Quarter 2024 Results on April 30, 2024
Rhea-AI Summary
Restaurant Brands International Inc. (RBI) will release its first quarter 2024 financial results on April 30, 2024. An investor conference call will be held at 10:00 a.m. Eastern Time. The earnings call will be webcast and a replay will be available for 30 days. Dial-in numbers are provided for U.S., Canadian, and international callers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
Tags
conferences earnings
News
Restaurant Brands International Announces Leadership Changes to Support Long-Term Growth
Rhea-AI Summary
Restaurant Brands International Inc. announces leadership team changes to drive long-term growth, with Sami Siddiqui appointed as CFO, Thiago Santelmo as President of International, and Jeff Klein as President of Popeyes US and Canada. The company aims to achieve 40,000 restaurants, $60B in system-wide sales, and $3.2B in Adjusted Operating Income by 2028.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.46%
Tags
management
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News
Restaurant Brands International Inc. Introduces Five-Year Growth Outlook
Rhea-AI Summary
Restaurant Brands International Inc. (QSR) projects significant growth by 2028 with 40,000 restaurants, $60B in sales, and $3.2B in income. The company anticipates 3%+ sales growth annually, focusing on efficient capital allocation and dividend growth. Tim Hortons, Burger King, Popeyes, and Firehouse Subs are key drivers of this growth with strategic plans for each brand.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
none
-
News
Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2023 Results
Rhea-AI Summary
Restaurant Brands International Inc. reports a 30% increase in home market franchisee profitability year-over-year, with global system-wide sales growing nearly 10% for Q4 and over 12% for 2023. Digital sales hit $14 billion in 2023, representing over a third of system-wide sales. Nearly $1.5 billion returned to shareholders in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.48%
Tags
earnings
News
Restaurant Brands International to Report Full Year and Fourth Quarter 2023 Results on February 13, 2024 and Host an Investor Event on February 15, 2024
Rhea-AI Summary
Restaurant Brands International Inc. (RBI) will release its full year and fourth quarter 2023 financial results on February 13, 2024, and host an investor conference call. Additionally, an investor event with CEO Josh Kobza and Executive Chairman Patrick Doyle is scheduled for February 15, 2024. The earnings call will be webcast and a replay will be available. Dial-in numbers are provided for access to the conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.7%
Tags
conferences earnings
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News
Burger King® Company to Acquire Carrols Restaurant Group
Rhea-AI Summary
Burger King's parent company, RBI, has reached an agreement to acquire Carrols Restaurant Group Inc. for $1.0 billion, which is a 23.1% premium to Carrols' 30-day volume-weighted average price. The acquisition will allow Burger King to rapidly remodel and refranchise Carrols' 1,022 Burger King restaurants, aiming to accelerate sales growth and drive franchisee profitability. The transaction is expected to be completed in the second quarter of 2024, subject to customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.34%
Tags
acquisition
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News
Restaurant Brands International Inc. Announces Revised Segment Reporting
Rhea-AI Summary
Restaurant Brands International Inc. (RBI) (TSX: QSR) (NYSE: QSR) announced a shift in reportable segments and definition of segment income. Beginning with the fourth quarter and year ended December 31, 2023, RBI will report results under five reportable segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), Firehouse Subs (FHS), and International (INTL). This shift reflects how RBI's leadership intends to oversee and manage the business going forward. RBI has also transitioned its definition of segment income from Adjusted EBITDA to Adjusted Operating Income (AOI). The Company will continue to report Adjusted EBITDA on a consolidated and segment level basis for supplemental purposes. The company's CEO, Josh Kobza, and CFO, Matthew Dunnigan, provided insight into the changes, emphasizing the autonomy given to brand leaders and the focus on long-term growth and profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.26%
Tags
none
News
Restaurant Brands International Inc. Announces New Segment Reporting and Key Dates for 2024
Rhea-AI Summary
Restaurant Brands International Inc. (RBI) (TSX: QSR) (NYSE: QSR) announces a shift in its reportable segments, providing enhanced disclosure on international and home market businesses. The company will report under five segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, and International. RBI will also provide historical financial and operational metrics for these segments on January 8, 2024, and host an investor event on February 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
Tags
none
Stock QSR logo
Restaurant Brands International Inc.

NYSE:QSR

QSR Rankings

#463 Ranked by Market Cap
#1222 Ranked by Stock Gains
#1090 Ranked by Dividends

QSR Stock Data

23.51B
285.20M
1.41%
87.87%
2.9%
Food Service Contractors
Accommodation and Food Services
Link
United States of America
TORONTO

About QSR

restaurant brands international inc. (“rbi”) is one of the world’s largest quick service restaurant companies with more than $28 billion in system-wide sales and over 23,000 restaurants in more than 100 countries and u.s. territories. rbi owns three of the world’s most prominent and iconic quick service restaurant brands – tim hortons®, burger king®, and popeyes®. these independently operated brands have been serving their respective guests, franchisees and communities for over 40 years. restaurant brands international inc. is committed to growing the tim hortons®, burger king®, and popeyes® brands by leveraging their respective core values, employee and franchisee relationships, and long track records of community support. each brand benefits from the global scale and shared best practices that come from ownership by restaurant brands international inc.