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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.

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

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Restaurant Brands International (RBI) has announced two significant transactions in China. RBI will acquire Popeyes China for an enterprise value of $15 million, which includes 14 restaurants in Shanghai. This move aims to accelerate growth in the Chinese market, with plans for local team investments and further restaurant development. Additionally, RBI and Cartesian Capital will co-invest up to $50 million in Tims China through convertible notes, increasing RBI's equity ownership to 18%. This funding will be issued in phases, with an initial $40 million at closing. RBI aims to drive growth in the Chinese QSR market, focusing on Popeyes and Tim Hortons brands.

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Restaurant Brands International (TSX: QSR, NYSE: QSR, TSX: QSP) will release its second quarter 2024 financial results on August 8, 2024.

An investor conference call will follow at 8:30 a.m. Eastern Time, accessible via webcast on the company's investor relations website.

Dial-in numbers for the call are available for U.S., Canadian, and international callers with the access code 065181.

A replay of the webcast will be available for 30 days post-release.

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Restaurant Brands International (TSX: QSR, NYSE: QSR) announced CEO Josh Kobza and Executive Chairman Patrick Doyle will participate in a fireside chat at the Evercore ISI Consumer and Retail Conference on June 13, 2024, at 9:30am ET.

A live audio webcast of the event will be available on RBI's investor relations website for 30 days.

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Restaurant Brands International (RBI) has announced the pricing of $1.2 billion in 6.125% Senior Secured Notes due 2029, an increase of $200 million from the initially planned offering. The proceeds will refinance a portion of RBI's Term Loan B Facility, which has been reduced to $4.75 billion and repriced to a lower interest rate of SOFR plus 1.75%, down from SOFR plus 2.25%. The refinancing is expected to be net leverage neutral and yield annual net interest savings. The repackaged term loan maintains its September 2030 maturity date with no other significant term changes.

The Notes were offered to qualified institutional buyers and internationally under Regulation S. The Notes are senior secured and guaranteed by RBI's subsidiary entities. The offering is set to close on or around June 17, 2024, subject to standard closing conditions.

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On June 6, 2024, Restaurant Brands International (TSX: QSR, NYSE: QSR) announced the election results of its Board of Directors at the Annual Meeting of Shareholders. The meeting saw 89.5% of eligible votes represented, totaling 402,555,067 votes. All ten incumbent directors nominated by the Board were re-elected to serve until the next annual meeting. Notable vote outcomes included Maximilien de Limburg Stirum with 99.55% votes for and only 0.44% against, and Daniel S. Schwartz with 99.61% votes for and 0.37% against. Full voting results will be filed with Canadian and U.S. securities regulators.

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On June 6, 2024, Restaurant Brands International (RBI) announced the launch of a $1,000 million offering of First Lien Senior Secured Notes due 2029. The net proceeds will refinance a portion of the existing term loan B facility and cover related fees and expenses, with any remaining funds used for general corporate purposes. The notes will be fully guaranteed on a senior secured basis by RBI's subsidiaries. The offering is targeted at qualified institutional buyers under Rule 144A and investors outside the U.S. under Regulation S. The notes are not registered under the Securities Act and cannot be sold in the U.S. without registration or an exemption.

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Restaurant Brands International (RBI) announced that its Chief Financial Officer, Sami Siddiqui, will participate in a fireside chat at TD Cowen's Annual Future of the Consumer Conference on June 4, 2024, at 3:05 PM ET. A live webcast will be available on the RBI investor relations website for 30 days post-event.

RBI, a major player in the quick service restaurant industry, operates over 30,000 restaurants across more than 120 countries, generating over $40 billion in annual sales. The company owns iconic brands like Tim Hortons, Burger King, Popeyes, and Firehouse Subs. RBI is also committed to sustainable practices through its Restaurant Brands for Good framework, focusing on food, the planet, and communities.

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Restaurant Brands International (RBI) has appointed Patrick Siewert as Senior Advisor in the Asia-Pacific region. Siewert brings extensive experience, having led Carlyle Group's consumer investments in Asia for 16 years and previously served as COO and Group President for Coca-Cola in Asia. His role includes advising on new franchise partnerships and talent acquisition as RBI aims to open 7,000 new international restaurants by 2028. RBI currently operates over 4,500 restaurants in Asia, with significant presence in China and plans to introduce Firehouse Subs in the region.

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Restaurant Brands International (TSX: QSR, NYSE: QSR) announced that Executive Chairman Patrick Doyle will participate in a fireside chat at the Bernstein Annual Strategic Decisions Conference on May 30, 2024, at 8:00 am Eastern Time. The event will be webcast live and accessible on RBI's investor relations website for 30 days post-event.

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Restaurant Brands International (RBI) (TSX: QSR) (NYSE: QSR) has completed its acquisition of Carrols Restaurant Group (formerly NASDAQ: TAST) for $9.55 per share, totaling approximately $1 billion. The acquisition adds Carrols' 1,023 Burger King and 59 Popeyes restaurants to RBI's portfolio. RBI plans to invest $500 million in reimaging over 600 Carrols locations before refranchising most of them over the next seven years. Additionally, RBI amended its Credit Agreement, increasing the term loan B facility to $5.9 billion to finance the acquisition.

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FAQ

What is Restaurant Brands International Inc. (RBI)?

RBI is a global leader in the quick service restaurant industry, owning iconic brands like Tim Hortons, Burger King, Popeyes, and Firehouse Subs.

How does RBI generate revenue?

RBI's revenue streams include retail sales at company-owned restaurants, royalty fees, lease income from franchised stores, and Tim Hortons' supply chain operations.

What are RBI's core brands?

RBI owns Tim Hortons, Burger King, Popeyes Louisiana Kitchen, and Firehouse Subs.

What recent acquisition did RBI complete?

RBI recently acquired Carrols Restaurant Group, the largest Burger King franchisee in the U.S., for approximately $1.0 billion.

What is the 'Reclaim the Flame' plan?

The 'Reclaim the Flame' plan is RBI's strategic initiative to invest $400 million in advertising and digital efforts, and $250 million in restaurant remodels for Burger King by 2028.

What are RBI's financial highlights for 2023?

In 2023, RBI reported approximately $43 billion in system-wide sales, with notable increases across all its segments.

How is RBI enhancing its financial disclosures?

Starting in January 2024, RBI will report results under five segments: Tim Hortons, Burger King, Popeyes, Firehouse Subs, and International.

What sustainability initiatives does RBI focus on?

RBI's Restaurant Brands for Good framework focuses on improving sustainable outcomes related to food, the planet, and people.

How can I learn more about RBI?

You can learn more about RBI by visiting their official website at www.rbi.com.

What is RBI's approach to capital allocation?

RBI balances capital allocation for high-return growth opportunities, consistent dividend growth, and share repurchases at attractive valuations.

Restaurant Brands International Inc.

NYSE:QSR

QSR Rankings

QSR Stock Data

22.57B
316.38M
1.28%
87.37%
4.08%
Food Service Contractors
Accommodation and Food Services
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United States of America
TORONTO