Welcome to our dedicated page for Restaurant Brand news (Ticker: QSR), a resource for investors and traders seeking the latest updates and insights on Restaurant Brand stock.
News on Restaurant Brands International Inc. (QSR) centers on its role as one of the world’s largest quick service restaurant companies and the owner of the Tim Hortons, Burger King, Popeyes and Firehouse Subs brands. Company announcements highlight system-wide sales across more than 32,000 restaurants in over 120 countries and territories, as well as developments that affect its franchise network, capital structure and strategic partnerships.
Investors following QSR news can expect regular updates on quarterly and annual financial results, including system-wide sales growth, comparable sales, net restaurant growth and segment performance for Tim Hortons, Burger King, Popeyes, Firehouse Subs, the International segment and the Restaurant Holdings segment. Earnings releases and related Form 8-K filings provide detail on revenues, adjusted operating income and other non-GAAP measures the company uses to describe its performance.
News flow also covers capital markets activity such as secondary offerings of common shares by large shareholders, forward sale agreements, and debt transactions including first lien senior secured notes. RBI issues press releases and files current reports when it enters into underwriting agreements, receives exchange notices for exchangeable units, or prices new securities.
Strategic and operational news includes items like the joint venture with an investment fund managed by CPE for Burger King China, which outlines new primary capital for that business and a long-term master development agreement for the Chinese market. Leadership updates at brand-level roles and participation in investor conferences are also part of the company’s news profile. For investors and observers, the QSR news stream offers insight into how RBI manages its global quick service restaurant portfolio, its franchise-focused structure and its long-term development plans.
TH International Limited, operator of Tim Hortons in China, launched two co-branded ready-to-drink (RTD) coffee products with Easy Joy, China's largest convenience store chain. Available in latte and mocha flavors, the products are brewed with premium arabica beans and designed with eco-friendly packaging. CEO Yongchen Lu emphasized innovation in response to China's rapidly growing RTD coffee market, while Easy Joy's president noted the products will provide convenient choices for their 250 million customers. This collaboration signals a deepening partnership between TH International and Easy Joy.
McWin has secured a master franchise agreement with Burger King to expand operations in Poland, committing to open over 200 new restaurants. This marks the first investment from the €525 million McWin Restaurant Fund. McWin, led by industry veterans, aims to enhance the brand's digitalization and sustainability efforts. Burger King, active in Poland since 2007, emphasizes its unique flame-grilled offerings and plans to digitalize customer experiences through innovative ordering systems.
Restaurant Brands International Inc. (QSR) announced the renewal of its normal course issuer bid (NCIB) to repurchase up to US$1.0 billion of common shares through the Toronto Stock Exchange. This NCIB will run from August 17, 2022 to August 16, 2023, allowing for the purchase of 30,254,374 shares. As of July 30, 2022, approximately 15 million shares had been repurchased under the previous NCIB. The program aims to enhance shareholder value and may involve market purchases and derivative-based strategies.
In Q2 2022, Restaurant Brands International (QSR) reported a 14% increase in global system-wide sales, totaling over $10 billion, with comparable sales growth of 9%. Tim Hortons Canada achieved 14% growth, while Burger King International saw 18% growth. Digital sales surpassed $3 billion, comprising 33% of total sales. Over $400 million returned to shareholders via dividends and buybacks. However, net income dropped to $346 million from $391 million due to increased tax expenses and share-based compensations. The company anticipates ongoing challenges from inflation and labor shortages.
Restaurant Brands International Inc. (QSR) will announce its second quarter 2022 financial results on August 4, 2022, followed by an investor conference call at 8:30 a.m. Eastern Time. The earnings call will be accessible via webcast on the company's investor relations website, with a replay available for 30 days. Investors can join the call through various dial-in numbers, using access code 194063. RBI, a leading quick service restaurant company, has over $35 billion in annual sales and operates more than 29,000 restaurants globally.
On June 15, 2022, Restaurant Brands International (QSR) held its Annual Meeting of Shareholders, achieving a voter turnout of 86.27% with 390,350,362 eligible votes. All twelve nominees for the Board of Directors were elected, each being an incumbent. Notably, João M. Castro-Neves received 99.83% approval, while Alexandre Behring garnered 92.81%. The results will be filed with Canadian and U.S. securities regulators. RBI operates over 29,000 restaurants worldwide, generating approximately $35 billion in annual sales.
Restaurant Brands International Inc. (TSX: QSR, NYSE: QSR) announced that Matthew Dunnigan, CFO, will participate in a fireside chat at the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Conference on June 14, 2022, at 9:00 am ET. A live audio webcast will be accessible on their investor relations website and will remain available for 30 days post-event. RBI is a leading quick service restaurant company with over $35 billion in annual sales and more than 29,000 restaurants globally, owning brands like TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®.
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Restaurant Brands International Inc. (TSX: QSR), a leading quick service restaurant company, announced that its CEO, José Cil, will speak at the RBC Capital Markets 2022 Global Consumer & Retail Conference on June 2, 2022, at 9:20 am ET. A live audio webcast will be accessible on the company's investor relations website and will remain available for 30 days post-event. RBI operates iconic brands including TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®, boasting over $35 billion in annual sales and 29,000 restaurants across more than 100 countries.
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