The Latest Breaking News from Restaurant Brands International Inc

The deal is slated to be completed by the second quarter of 2024

Food demand is expected to remain robust despite the macroeconomic challenges due to inelasticity. As fast-food stocks prove great defensive options amid recessionary concerns, investors could buy fundamentally sound fast-food stocks, McDonald’s (MCD), and Restaurant Brands (QSR) in 2023 for steady returns. Keep reading.

Restaurant Brands International Inc (NYSE:QSR) (TSX:QSR) reported first-quarter FY22 sales growth of 15.1% year-on-year to $1.45 billion, beating the consensus of $1.41 billion. Comparable Sales for Tim Horton rose 8.4%, Burger King increased 10.3%, and Popeyes Louisiana Kitchen fell 3%. Revenue for Tim Horton's climbed 16.8% Y/Y, Burger King rose 9%, and Popeyes…

Restaurant Brands International Inc (NYSE:QSR) has started the process of disposing of its ownership stake in a Burger King joint venture in Russia, the Wall Street Journal reported. Restaurant Brands operates in Russia through joint-venture partners, none of whom own a majority stake. It holds a 15% stake in the joint-venture partnership, which…

Restaurant Brands International Inc (NYSE:QSR) reported fourth-quarter FY21 sales growth of 13.8% year-on-year, to $1.55 billion, beating the analyst consensus of $1.50 billion. Comparable Sales for Tim Horton rose 10.3%, Burger King increased 11.3%, and Popeyes Louisiana Kitchen fell 0.4%. System-wide sales for Tim Horton's climbed 17.5% Y/Y, Burger King rose 13.9%, and…

Restaurant Brands International Inc's (NYSE: QSR) Popeyes brand has partnered with India-based Jubilant Foodworks Limited (JFL) to open the first restaurant in Bangalore, India.