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.
Restaurant Brands International Inc. (QSR) operates iconic quick-service chains including Burger King, Tim Hortons, Popeyes, and Firehouse Subs through a global franchise network. This news hub provides investors and industry observers with timely updates on material developments affecting one of the world's largest QSR operators.
Access official press releases and curated news covering RBI's financial performance, strategic partnerships, menu innovations, and operational initiatives. Track updates across brand portfolios, franchisee support programs, and digital transformation efforts that shape the company's market position.
Key content includes earnings announcements, leadership changes, expansion milestones, and sustainability initiatives. All materials are sourced from verified corporate communications and reputable financial publications to ensure reliability.
Bookmark this page for streamlined access to developments impacting RBI's global operations across 120+ countries. Check regularly for updates on how the company balances brand autonomy with centralized operational best practices in the competitive QSR sector.
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.
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.
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.
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.
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