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.
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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.
Popeyes® is set to expand into Central Asia by opening numerous locations in Kazakhstan, marking its first entry into the region. This initiative, announced on December 21, 2022, is a partnership with Centras Group, aimed at creating thousands of jobs and boosting the local hospitality sector. The brand’s signature offerings, including its famous Chicken Sandwich, will be introduced. With over 3,900 restaurants globally, Popeyes continues to grow, and this move reflects its commitment to reaching new markets.
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