Restaurant Brand Stock Price, News & Analysis

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.

Restaurant Brands International (QSR) has successfully acquired Firehouse Subs for $1 billion. This acquisition expands RBI's portfolio, which includes popular brands such as Tim Hortons, Burger King, and Popeyes. Additionally, RBI amended its Credit Agreement, extending the maturity of its revolving credit facility to December 2026 and increasing its term loan A facility from $717 million to $1.25 billion. The additional financing supports the Firehouse Subs acquisition, enhancing RBI's market presence and operational capacity.

Popeyes has entered into a Master Franchise and Development Agreement with French restaurant group napaqaro to expand its operations in France and Monaco. The partnership aims to launch hundreds of restaurants in the region, starting in 2022. The agreement is a significant step in Popeyes' European expansion following its successful entry into Spain and the UK. The brand plans to offer locally sourced ingredients, including French chicken, and aims to create numerous jobs in the French hospitality sector.

TH International Limited (Tims China) has secured a $50 million capital injection from a global asset manager to support its merger with Silver Crest Acquisition Corporation. The financing comes as part of a larger PIPE investment, with commitments from existing investors like Sequoia Capital China. Tims China, which operates over 340 Tim Hortons locations in China, aims to expand to over 2,700 cafes in five years. The combined entity plans to list on NASDAQ under the symbol THCH.

Restaurant Brands International Inc. (TSX: QSR, NYSE: QSR) will participate in the Morgan Stanley Virtual Global Consumer & Retail Conference on December 1, 2021, at 9:30 am Eastern Time. A live audio webcast will be available on the company's investor relations website and accessible for 30 days post-event. RBI is a leader in the quick service restaurant sector, boasting approximately $34 billion in annual sales and over 27,000 restaurants globally, home to well-known brands such as Tim Hortons, Burger King, and Popeyes.

Restaurant Brands International (QSR) has announced its acquisition of Firehouse Subs for $1 billion in an all-cash transaction, promising immediate accretion to its earnings per share. Firehouse Subs, known for its high-quality sandwich offerings, represents a growth opportunity within the $30 billion U.S. quick-service restaurant category. The acquisition is expected to leverage RBI's global scale to accelerate Firehouse's unit growth and enhance overall brand awareness. Firehouse's 1,200 locations are projected to generate approximately $1.1 billion in system-wide sales for 2021.

Restaurant Brands International (TSX: QSR, NYSE: QSR) reported a robust third quarter for 2021 with a 11% increase in global system-wide sales year-over-year, reflecting a 25% growth for Burger King internationally. The company returned over $425 million to shareholders through dividends and share buybacks. Adjusted EBITDA rose to $607 million, up from $561 million year-over-year, with a net income attributable to common shareholders of $328 million. The firm aims to cut greenhouse gas emissions by 50% by 2030.

Burger King will be the first global quick-service restaurant to test Impossible Foods’ plant-based Chicken Nuggets. Starting on October 11, customers in Des Moines, IA, Boston, MA, and Miami, FL can try these nuggets, available in an eight-piece order. This follows Burger King's previous collaboration with Impossible Foods for the Impossible Whopper. Additionally, the chain will launch Ghost Pepper Chicken Nuggets nationwide for a limited time, exclusively accessible to Royal Perks members before the public release.

Restaurant Brands International Inc. (TSX: QSR) will release its third quarter 2021 financial results on October 25, 2021, hosting an investor conference call at 8:30 a.m. Eastern Time. This call will be available as a webcast on the company's investor relations website, with a 30-day replay option. Investors can access the call via specific dial-in numbers for U.S., Canadian, and international callers. RBI, one of the largest quick service restaurant chains globally, boasts approximately $33 billion in annual sales and over 27,000 restaurants across more than 100 countries.