Restaurant Brand Stock Price, News & Analysis

Restaurant Brands International Inc. (TSX: QSR) will announce its first quarter 2023 financial results on May 2, 2023, followed by an investor conference call at 8:30 a.m. Eastern Time. The call will be accessible via dial-in for U.S. callers at 1 (833)-470-1428, Canadian callers at 1 (226)-828-7575, and international callers at 1 (929)-526-1599, using access code 623742. The results will be available for replay for 30 days on the company's investor relations website. RBI operates iconic brands like TIM HORTONS®, BURGER KING®, and POPEYES®, generating over $35 billion in annual sales.

Restaurant Brands International Inc. (QSR) announced that CFO Matthew Dunnigan will participate in a fireside chat at the CIBC Consumer & Retail Conference on March 29, 2023, at 11:00 am ET. Investors can access a live audio webcast on the company's investor relations website, which will remain available for 30 days post-event. RBI, one of the largest quick service restaurant companies globally, boasts over $35 billion in annual sales and operates approximately 30,000 restaurants across more than 100 countries. The company owns popular brands like TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®.

On February 27, 2023, Restaurant Brands International (NYSE: QSR) announced a secondary offering of 2,213,851 common shares by HL1 17 LP, affiliated with 3G Capital. This offering is linked to an exchange of 2,213,851 Class B exchangeable limited partnership units for common shares. The forward sale agreement with BofA Securities will settle by March 16, 2023, with the Selling Shareholder receiving cash proceeds from the offering. RBI will not sell any shares or receive proceeds, ensuring no change in outstanding shares. The offering closes on March 2, 2023, subject to conditions.

Restaurant Brands International Inc. (QSR) announced it received an exchange notice to exchange 2,213,851 Class B exchangeable limited partnership units for an equal number of common shares. The Selling Shareholder, HL1 17 LP, is also commencing a public offering of the same number of common shares. This will involve a forward sale agreement with BofA Securities. Importantly, RBI will not sell any shares or receive any proceeds from this transaction, and the total number of Exchangeable Units and common shares remains unchanged. Settlement is expected by March 16, 2023.

The Board of Directors of Restaurant Brands International (NYSE:QSR) has appointed Joshua Kobza as the new CEO effective March 1, 2023, as part of a succession planning initiative. Kobza, who has been with the company for over 11 years in various senior roles, including Chief Financial Officer and Chief Operating Officer, aims to accelerate growth and prioritize franchisee success. José Cil, the outgoing CEO, will serve as an advisor for one year to ensure a smooth transition. This leadership change aligns with RBI's goals to advance its brands, which include Tim Hortons, Popeyes, and Burger King, amidst a competitive industry.

Restaurant Brands International Inc. (QSR) reported robust Q4 and full-year 2022 results, highlighting nearly 12% system-wide sales growth, driven by strong contributions from Tim Hortons Canada and Burger King International. Digital sales surged over 30%, exceeding $13.5 billion, while the company opened 1,266 new restaurant units, marking Popeyes' best development year. Net income reached $1.48 billion, with diluted EPS climbing to $3.25. The company also announced Joshua Kobza's appointment as CEO effective March 1, 2023, as part of succession planning. Additionally, a dividend of $0.55 per share was declared for Q1 2023, targeting $2.20 total dividends for the year.

Restaurant Brands International Inc. (TSX: QSR) will release its full year and fourth quarter 2022 financial results on February 14, 2023, followed by an investor conference call at 8:30 a.m. Eastern Time. The call will be available via webcast on the company’s investor relations site. A replay will be accessible for 30 days. Additionally, the company will host a meeting with Executive Chairman Patrick Doyle on February 22, 2023, at 1:30 p.m. Eastern Time, where Doyle will discuss his recent investment of $30 million in RBI and share insights from his early tenure. RBI, known for brands like TIM HORTONS and BURGER KING, operates over 29,000 restaurants globally.