Reuters — Restaurant Brands International said on Wednesday it plans to expand all three of its brands to more than 40,000 restaurants globally, a 54 per cent jump, over the next decade. Big fast food chains, including McDonald’s and KFC owner Yum Brands, have been aggressively expanding their international operations to counter slowing growth in […] Read more
Restaurant Brands to boost outlets by 54 per cent within 10 years
Tim Hortons owner reported near deal to buy Popeyes
Reuters — Restaurant Brands International, owner of the Burger King and Tim Hortons fast food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen, people familiar with the matter said Monday. The deal, which will likely value Popeyes at more than US$1.7 billion, is a bet by Oakville, Ont.-based Restaurant Brands that it can […] Read more
Slowing sales at Burger King push parent’s shares down
Reuters — Restaurant Brands International, owner of Burger King and Tim Hortons, reported a second straight quarter of decline in comparable sales at Burger King in the U.S. and Canada. The company’s U.S.-listed shares, which had risen about 26 per cent this year up to Friday’s close, fell as much as three per cent despite […] Read more
Tim Hortons owner profit beats Street on lower costs, new items
Reuters — Restaurant Brands International, owner of Burger King and Tim Hortons, reported a better-than-expected quarterly profit, helped by new menu items and lower costs. Most of Restaurant Brands outlets are in the U.S. and Canada. But the company has been opening new restaurants in France, Brazil, Russia and India, following its peers such as […] Read more
Owner of Tim Hortons, Burger King posts strong Q1
Reuters — Restaurant Brands International said on Monday its Burger King and Tim Hortons chains posted their strongest same-store sales performance in years in the first quarter, with customers lured in by popular menu items. The company’s stock rose more than three per cent in early trading but later pared gains. U.S. chain Burger King […] Read more
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