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☆ Burger King parent says U.S. turnaround is already improving profits for franchisees
▼ + stars: | 2023-06-23 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

The burger chain in September unveiled the $400 million turnaround plan it crafted with franchisees after several years of disappointing sales. In 2020, Burger King slid to the No. And the gulf between Burger King and its top rival McDonald's has only widened. But Burger King is trying to launch a comeback, with its parent company pouring money into restaurant renovations and advertising. So far this year, two Burger King franchisees have filed for bankruptcy.

Persons: Burger, We've, we've, Josh Kobza, Tim Hortons, Burger King, McDonald's, Tom Curtis, Curtis Organizations: Restaurant Brands, CNBC, Subs, Burger King, Burger King's U.S, Toms King Holdings, Meridian Restaurants, Restaurant Business, Meridian, Burger King U.S, Brands Locations: U.S, Burger

[1/5] Customers stand next to a counter at a Starbucks' outlet at a market in New Delhi, India, May 30, 2023. Starbucks plans to open more stores in smaller towns, said an industry source, who spoke on condition of anonymity. Soon after Starbucks' May launch of $3.33 milkshakes, designed to attract children, Third Wave launched its own range, a fifth cheaper at $2.71. He saw Starbucks' cheaper, small-sized drinks as a response to competition in "an incredibly price-sensitive market". "Going deeper into smaller cities, beyond the metros, is the only way to grow," said Ankur Bisen, head of retail at India's Technopak Advisors.

Persons: Sushant Dash, Tim Hortons, Devangshu Dutta, We've, chai, Chas Hermann, Sushant Goel, Matt Chitharanjan, Dash, Ankur Bisen, Sriram, Aditya Kalra, Anushree Fadnavis, Varun Vyas, Euan Rocha, Miyoung Kim, Sophie Yu, Hilary Russ, Clarence Fernandez Organizations: REUTERS, MUMBAI, Blue, Starbucks, Tata Group, BET, CHAI, Wave, Third, Reuters, Blue Tokai, India's Technopak, Thomson Locations: New Delhi, India, American, DELHI, U.S, Blue Tokai, China, Singapore, United States, Bengaluru, Delhi, Aurangabad, Beijing, New York

☆ Restaurant Brands beats quarterly estimates on higher pricing, traffic
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

May 2 (Reuters) - Restaurant Brands International Inc (QSR.TO) beat Wall Street estimates for first-quarter revenue and profit on Tuesday, boosted by higher prices and increased traffic at its Burger King and Tim Hortons chains. Restaurant Brands' Burger King chain has been able to attract younger customers to its restaurants through a newly released viral "Whopper Whopper" jingle. Restaurant Brands in February named its chief operating officer, Joshua Kobza, as CEO in a turnaround plan for its struggling Burger King brand. According to location analytics firm Placer.ai, Burger King saw positive week-over-week visit growth for the majority of weeks since January 2023. Excluding items, Restaurant Brands earned 75 cents per share, compared with estimates of 64 cents, according to Refinitiv IBES data.

☆ Restaurant Brands earnings beats estimates, fueled by Tim Hortons' and Burger King's strong sales
▼ + stars: | 2023-05-02 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

In this photo illustration, a Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. Restaurant Brands International on Tuesday reported quarterly earnings and revenue that topped analysts' expectations, fueled by double-digit same-store sales growth at Tim Hortons and Burger King. The company's same-store sales grew 10.3% in the quarter, fueled by double-digit growth at Burger King and Tim Hortons. In Canada, its home market, it reported same-store sales growth of 15.5%. Firehouse Subs, the latest addition to Restaurant Brands' portfolio, saw its same-store sales rise 6.1% in the quarter.

☆ Restaurant Brands International CEO Patrick Doyle goes one-on-one with Jim Cramer
▼ + stars: | 2023-05-02 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

'Mad Money' host Jim Cramer talks Tim Hortons, Burger King, and macro economic headwinds with Restaurant Brands International CEO Patrick Doyle. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

☆ Pressured to Cut Plastic Use, McDonald’s Aims to See What Works and What Doesn’t
▼ + stars: | 2023-03-27 | by ( Dieter Holger | ) www.wsj.com time to read: +6 min

The McDonald’s report will draw on those experiences and others to assess the opportunities, risks and environmental impact of reusables, a McDonald’s spokeswoman said. PREVIEWMcDonald’s commissioned an industrywide study on reusable packaging in Europe that published in February. Write to Dieter Holger at dieter.holger@wsj.comCorrections & AmplificationsMcDonald’s Corp. doesn’t put individual burgers in reusable containers for meals served in its French outlets. Separately, in Germany, reusable containers are available on request for drinks and ice cream. An earlier version of this article didn’t specify which items were available in reusable packaging in Germany.

☆ McDonald’s to Study Pros and Cons of Reusable Packaging
▼ + stars: | 2023-03-27 | by ( Dieter Holger | ) www.wsj.com time to read: +6 min

The McDonald’s report will draw on those experiences and others to assess the opportunities, risks and environmental impact of reusables, a McDonald’s spokeswoman said. PREVIEWMcDonald’s commissioned an industrywide study on reusable packaging in Europe that published in February. “Reusable packaging is one potential solution when applied correctly, but sustainable packaging is complicated,” said John Blake, senior director analyst at Gartner Inc.’s supply chain practice, who wasn’t involved in the report. Although no large-scale reusable packaging laws exist in the U.S., a handful of states including California and Colorado have placed producer-paid fees on disposable packaging to boost recycling rates. “We continue to learn from our reusable packaging system pilots and are focused on implementation of our policy to address this important issue,” a Yum spokesman said.

☆ Coffee trumps economic crisis as Tim Hortons opens in Pakistan
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +2 min

LAHORE, Pakistan Feb 14 (Reuters) - Pakistanis are queuing for hours to grab coffee and pastries from Canadian chain Tim Hortons, which opened its first outlet in the South Asian country this week just as its economic crisis took a turn for the worse. Tim Hortons is owned by Restaurant Brands International Inc (RBI) (QSR.TO), , a Toronto-based company that also owns other fast food brands including Burger King and Popeyes. McDonald's (MCD.N), Retail Food Group (RFG.AX)-owned Gloria Jean's Coffee and Yum Brands Inc (YUM.N)-owned Pizza Hut are among the international brands with outlets in Pakistan. Tim Hortons is set to open another two outlets in Lahore, RBI said in a statement. For students such as Pareeshay Khan, the brand's social media traction trumps the cost of the coffee.

☆ Restaurant Brands International posts strong fourth quarter, names new CEO
▼ + stars: | 2023-02-14 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

In this photo illustration, a Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. Restaurant Brands International on Tuesday posted a strong fourth quarter and named Chief Operating Officer Joshua Kobza as its new chief executive, effective March 1, replacing José Cil. Restaurant Brands reported overall same-store sales growth of 8% during the fourth quarter and system-wide sales growth of nearly 12%. Its flagship burger chain, Burger King, saw same-store sales growth of 8.4% during the period. At the end of the fourth quarter, the company said it had funded $30 million of that turnaround plan.

☆ Restaurants open on Christmas Day 2022: McDonald's, IHOP, Denny's, and more
▼ + stars: | 2022-12-23 | by ( Nancy Luna | ) www.businessinsider.com time to read: +8 min

Benihana: Open Christmas Day and Christmas Eve. Bar Louie: Open Christmas Day and Christmas Eve. May be open Christmas Day, depending on location or franchiseGolden Corral: Some locations will be open Christmas Eve and Christmas Day. Closed Christmas Day, but open Christmas EveTaco Bell: Restaurants are open on Christmas Eve. Friendly's: Open on Christmas Eve until 6 p.m.In-N-Out: Open from 10:30 a.m. to 11 p.m. on Christmas Eve.

☆ China decoupling takes one step forward, one back
▼ + stars: | 2022-11-29 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +7 min

It has pushed for reshoring production of electric vehicles and silicon chips, and legislated to delist Chinese companies from New York. Europe, Japan, Australia and India have implemented their own measures ranging from restrictions on Chinese investment, excluding equipment from telecoms networks, and banning consumer apps. The impact the pandemic has had on Chinese supply chains has retroactively validated the push to separate. For politicians who hope to replicate the Chinese supply chain via tax tweaks, subsidies and sanctions, it’s worth remembering China started building out the requisite logistical infrastructure in the 1980s. Non-financial outbound direct investment in the same 10-month period rose 10.3% year-on-year to 627.4 billion yuan, Shu said.

☆ TSX falls as commodity stocks weigh
▼ + stars: | 2022-11-17 | by ( Johann M Cherian | ) www.reuters.com time to read: +2 min

ET (1522 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 130.67 points, or 0.65%, at 19,827.29, extending losses from the previous session. "I think they're still on track for another hike," said Greg Taylor, portfolio manager at Purpose Investments. IRPR#0BOCWATCHAmong stocks, TC Energy (TRP.TO) said that the weather-related issues that prompted it to halt deliveries through its Keystone oil pipeline have been resolved. Restaurant Brands International (QSR.TO) rose 1.3% after it said that its coffee chain brand Tim Hortons had forged a two-year partnership with Alibaba Group's grocery chain. Reporting by Johann M Cherian in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Burger King parent taps ex-Domino's CEO as executive chairman
▼ + stars: | 2022-11-16 | by ( Hilary Russ | ) www.reuters.com time to read: +2 min

Its share price surged from $12 in 2010, when he took over as CEO, to $271 when he left in 2018. RBI's share price closed at $59.74 on Tuesday, roughly flat from where it was five years ago. Behring and Schwartz are co-managing partners of 3G Capital Partners Ltd, which owns 29% of RBI's shares. Doyle agreed to buy 500,000 shares worth about $30 million and to hold them for five years, subject to regulatory approvals. He will also get 750,000 performance share units that pay out if he hits certain performance criteria.

☆ Burger King owner Restaurant Brands taps former Domino's CEO Patrick Doyle as chair
▼ + stars: | 2022-11-16 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Restaurant Brands International announced Wednesday that it is tapping former Domino's Pizza CEO Patrick Doyle as its executive chair. Doyle's appointment comes as Restaurant Brands tries to turn around Burger King's U.S. business. The Brazilian private equity firm took Burger King private in 2010, merged it with Tim Hortons in 2014 and named the new company Restaurant Brands International. To receive the performance share units, Restaurant Brands' stock will have to compound annually at least 6%, with the payout increasing if shares rise 10% and 15% annually. After leaving Domino's, Doyle joined the Carlyle Group as an executive partner focused on acquisitions.

☆ Kraft Heinz turns to gimmicks and nostalgia to revive its ‘dusty’ brands
▼ + stars: | 2022-11-15 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +10 min

Because they’re incredible.”More than half of Kraft Heinz’s business comes from just eight brands — the aforementioned three, plus Kraft Mac and Cheese, Philadelphia Cream Cheese, Heinz, Lunchables and Ore-Ida. For Kraft Heinz, which is relying on Patricio to execute a comeback, there’s a lot on the line. So we have more loyalty.”For that reason, Kraft Heinz has leaned in to promoting its legacy brands — and with sometimes outrageous marketing. Kraft HeinzOther Kraft Heinz brands have also used attention-grabbing marketing campaigns. Kraft Heinz’s brands now have a presence on gaming platforms like Roblox, in addition to social media channels and other platforms.

☆ What Cramer is watching Friday — Starbucks soars on China hope, jobs growth still strong
▼ + stars: | 2022-11-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Coterra Energy (CTRA): In Q3, nearly 500% year-on-year revenue growth to $2.52 billion. Cowen downgrades, sees acute pressure from worsening macro; management pulled 30% growth target. Warner Bros Discovery (WBD): $2.5 billion in cash, $50 billion in gross debt. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Restaurant Brands' earnings top estimates as sales rise at Burger King, Tim Hortons
▼ + stars: | 2022-11-03 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Restaurant Brands International on Thursday reported quarterly earnings and revenue that beat analysts' expectations, fueled by sales growth at Burger King and Tim Hortons. Burger King reported same-store sales growth of 10.3%, driven by strong international growth. The latest addition to Restaurant Brands' portfolio, Firehouse Subs, reported flat same-store sales. Restaurant Brands' results come after Yum Brands on Wednesday also reported stronger same-store sales at its Taco Bell and KFC chains. Like other multinational companies, Restaurant Brands' results were hurt by the strong dollar.

☆ The chicken sandwich isn’t enough for Popeyes anymore
▼ + stars: | 2022-11-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN Business —When Popeyes launched its crispy chicken sandwich in 2019, the menu item sold out in just two weeks. When it came back, it was a massive hit — the sandwich was so popular it helped lift sales for the chicken chain. Popeyes has sold nuggets and fish sandwiches modeled on the item to try to build off its success. But excitement around the chicken sandwich has faded. There are about 2,860 Popeyes locations in the US, and nearly 3,930 globally.

☆ Stocks making the biggest moves premarket: Restaurant Brands, Under Armour, Peloton and more
▼ + stars: | 2022-11-03 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell:Restaurant Brands (QSR) – The parent of Burger King, Tim Hortons and Popeyes saw its stock rally 4% in premarket trading after the company reported better-than-expected quarterly results. Under Armour (UAA) – Under Armour jumped 4.2% in premarket action after the apparel maker reported better-than-expected earnings for its latest quarter, along with revenue that was roughly in line with Street forecasts. The chip maker also reported quarterly revenue and profit that were in line with Wall Street forecasts. The forecast is weighing on shares despite Roku reporting better-than-expected revenue and a larger-than-expected number of active accounts. eBay (EBAY) – eBay surged 6.7% in premarket trading after the e-commerce company reported better-than-expected results for its latest quarter, boosted by sales of refurbished goods and luxury offerings.

☆ Fanatics Hires Finance Chief for Its Sports-Betting Division Ahead of Planned Launch
▼ + stars: | 2022-10-18 | by ( Kristin Broughton | ) www.wsj.com time to read: +3 min

Sports-merchandising company Fanatics Inc. has picked a finance chief for its sports-betting and gambling division ahead of its planned launch early next year. Ms. Ellis will report to Matt King, the division’s chief executive. Mr. King joined Fanatics last year from rival FanDuel Group, where he was CEO. Photo: FanaticsAs CFO of the sports-betting unit, Ms. Ellis will be responsible for helping the business get off the ground. Fanatics declined to share financial forecasts for its sports-betting division, which doesn’t currently generate revenue.

☆ Popeyes' UK restaurants are proving so popular that customers at one location lined up from 5:00 a.m. to get their hands on fried chicken
▼ + stars: | 2022-09-29 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

UK sales are booming and its Stratford site has the chain's highest sales globally. A map showing Popeyes' current and upcoming UK restaurants. The company aims to have 350 UK restaurants by 2031. Popeyes was credited with starting the chicken sandwich wars in 2019, when its sandwich became an instant success following huge social-media buzz. RBI bought sandwich chain Firehouse Subs in 2021.

State law was later changed to require unanimous Board of Pardons approval to recommend commutations for those serving life sentences. In his second term, Wolf has already commuted 47 life sentences, at the urging of the pardons board. “In making clemency decisions, John scrupulously reviewed clemency applications and consulted with corrections officials, prison wardens, judges and DAs. Fetterman has not, as one Oz ad implies, called for eliminating all life sentences for murderers. All but one of the men featured had been serving life sentences on second-degree murder convictions, with a variety of mitigating circumstances in their favor.

☆ How the HR chief at Restaurant Brands International holds all of its executives accountable for diversity and inclusion
▼ + stars: | 2021-06-10 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +4 min

About 100 restaurants belong to RBI (most restaurants within RBI brands are owned by franchisees). Housman, RBI's chief people and services officer, joined RBI from Burger King Corporation in 2016 and has climbed the ranks since. The report looked at 60 brands, including Popeyes Louisiana Kitchen, but didn't include Restaurant Brands International. RBI makes DEI every executive's responsibilityOne of the first DEI initiatives Housman's team spearheaded was a change to the interview process. Thirty percent of senior leaders were women — an improvement from the year prior — and about 43% of senior leaders were non-white.

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