Restaurant Brand Stock Price, News & Analysis

Burger King is launching a comprehensive rebrand, marking its first major visual overhaul in over 20 years. The new design reflects the brand's commitment to better food quality and digital engagement. Key aspects include a modern logo, bold colors inspired by flame-grilling, and updated packaging. Additionally, the removal of artificial ingredients demonstrates a pledge to sustainability. This branding initiative aims to enhance guest experience and communicate the brand's values effectively, with implementation starting in early 2021 across global locations.

Restaurant Brands International (TSX: QSR) announced that it received an unsolicited mini-tender offer from TRC Capital Corporation, aiming to purchase up to 2 million shares at Cdn$73.75 each. This offer is approximately 0.66% of RBI's outstanding shares and indicates a 4.5% discount compared to the TSX closing price on November 18, 2020. RBI does not endorse this offer and advises shareholders to refrain from tendering their shares. The company cautions investors about the risks associated with mini-tender offers, which are often below market price.

Restaurant Brands International will participate in the Morgan Stanley Virtual Global Consumer & Retail Conference on December 1, 2020, at 3:00 pm Eastern Time. A live audio webcast will be accessible on the company's investor relations website and available for 30 days post-event. RBI is recognized as one of the largest quick-service restaurant companies globally, reporting approximately $31 billion in annual sales and operating over 27,000 restaurants in more than 100 countries. The company owns iconic brands, including TIM HORTONS®, BURGER KING®, and POPEYES®.

Restaurant Brands International (QSR) reported Q3 2020 results with over 94% of prior-year system-wide sales achieved, supported by 96% of restaurants globally open. Cash flow from operations surged to over $400 million. The company advanced digital transformation initiatives, including the rollout of digital menu boards across 10,000 locations by mid-2022. Despite facing challenges from the COVID-19 pandemic, the company is strategically positioned for long-term growth, particularly in the drive-thru and delivery sectors.

Restaurant Brands International (QSR) is modernizing drive-thrus at over 10,000 locations for its brands, including Burger King and Tim Hortons. This initiative involves installing more than 40,000 digital screens equipped with predictive selling technology and integrating restaurant loyalty programs and contactless payment options. CEO Jose Cil emphasizes the importance of enhancing the guest experience, particularly during the COVID-19 pandemic. The technology aims to tailor menu options based on previous orders and real-time data to improve service efficiency.

Burger King is launching a new reusable packaging system to reduce environmental impact through a partnership with TerraCycle’s Loop. This initiative is part of the Restaurant Brands for Good framework and will pilot in select locations in New York City, Portland, and Tokyo starting in 2021. Customers can return used packaging for a deposit refund, promoting sustainability and hygiene. The brand aims to source 100% of guest packaging from renewable or recycled materials by 2025, while continuing efforts to recycle in all U.S. and Canadian restaurants.

Restaurant Brands International (QSR) has announced the pricing of a $750 million offering of 3.500% First Lien Senior Secured Notes due February 15, 2029. This represents a $250 million increase from the initial offering size. The company plans to use the proceeds to redeem $725 million of its existing 4.25% First Lien Senior Secured Notes due 2024, along with related expenses. The offering is expected to close around November 9, 2020. The notes will be secured obligations guaranteed by RBI's subsidiaries.

Restaurant Brands International Inc. (QSR) has launched a $500 million offering of First Lien Senior Secured Notes due 2029. The funds will be used to redeem $485 million of outstanding 4.25% First Lien Senior Secured Notes due 2024. The Notes will be secured obligations guaranteed by RBI's subsidiaries. The offering will target qualified institutional buyers and will not be registered under the Securities Act. RBI, one of the largest quick-service restaurant companies globally, operates brands like Tim Hortons, Burger King, and Popeyes, boasting around $32 billion in annual system-wide sales.

Restaurant Brands International will release its Q3 2020 financial results on October 27, 2020, at 8:30 a.m. Eastern Time. An investor conference call will follow, available via webcast and through dial-in numbers for U.S., Canadian, and international callers. The company, with approximately $32 billion in annual sales and 27,000 restaurants across over 100 countries, owns brands like TIM HORTONS, BURGER KING, and POPEYES.