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☆ Popeyes is coming back to China in a big way
▼ + stars: | 2023-08-22 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Shares of the operator, Shanghai-based Tims China (THCH), rose 3.6% in New York following the news. The company is best known as the operator of Tim Hortons coffee shops in China but recently bought the franchise for Popeyes in the country. “We are thrilled to open our first Popeyes restaurant in China, a milestone in our longer-term strategy,” Tims China CEO Yongchen Lu said in a statement. The fried chicken chain previously operated in China under TFI Tab Food Investments, a quick service restaurant group based in Turkey. The US company signed a new partnership deal last year with private equity firm Cartesian Capital Group, the founder and top shareholder of Tims China.

Persons: Fried, Tim Hortons, Yongchen Lu, ” Tims, Tims, Lu, Burger, Joshua Kobza, “ Organizations: Hong Kong CNN, Popeyes, TH, Subway, Restaurant Brands, TFI, Food Investments, PLKC International Locations: Hong Kong, China, Shanghai, New York, New Orleans, Popeyes, Turkey, Tims China, Macao

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Nvidia, Disney, Salesforce, Palo Alto & more
▼ + stars: | 2023-08-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Goldman Sachs reiterates Palo Alto Networks as buy Goldman said it's standing by its buy rating on the stock following its earnings report on Friday evening. Citi reiterates Snowflake as buy Citi said it's sticking with its buy rating heading into earning later this week. Bank of America reiterates Amazon as buy Bank of America said Amazon continues to gain share. Bank of America reiterates Walmart as buy Bank of America said Walmart is better positioned in the current environment over Target. Bank of America reiterates Salesforce as buy Bank of America said Salesforce is the "next quality GARP stock."

Persons: Goldman Sachs, Goldman, Snowflake, Morgan Stanley, Jefferies, Read, Tim Hortons, Burger King, Patrick Doyle, Salesforce, Baird, it's, Raymond James, Marvell, Scott Mlyn Organizations: Credit Suisse, Disney, Networks, Citi, Taiwan Semiconductor, Bank of America, of America, China, Volkswagen, VW, JPMorgan, Brands, Restaurant Brands, " Bank of America, Walmart, Nvidia, Live Nation Entertainment, CNBC Locations: New York

☆ JPMorgan says buy this restaurant stock that can go up nearly 20%
▼ + stars: | 2023-08-21 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

JPMorgan thinks Restaurant Brands International is poised for more growth. The firm initiated coverage of the restaurant conglomerate with an overweight rating in a Monday note, accompanied by an $82 per share price target. The analyst added that the breadth of company growth will be driven by the internationally-exposed businesses including Burger King, Tim Hortons and Popeyes. Restaurant Brands has has added 6% in 2023. QSR YTD mountain Restaurant Brands has added more than 6% in 2023.

Persons: John Ivankoe, Tim Hortons, Burger King, Patrick Doyle, Ivankoe, — CNBC's Michael Bloom Organizations: JPMorgan, Brands Locations: capex, Burger

☆ Starbucks' $1.25 cold foam is the chain's most popular drinks add-on, and one of its most expensive. This is how it's made.
▼ + stars: | 2023-08-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

It's made by frothing nonfat cold milk and is added to iced drinks like cold brews. While some drinks come with cold foam on top as standard, such as some of its flavored cold brews, customers can opt to add it to other cold drinks for $1.25. Currently there are six flavors of cold foam available – chocolate cream, cinnamon sweet cream, matcha cream, salted caramel cream, vanilla sweet cream, and white chocolate macadamia cream. Tim Hortons in the US, for example, sells set chilled drinks with cold foam and also has the option for customers to add it to some of its other cold drinks. Dunkin' started selling sweet cold foam in February 2021, and has since launched it in a number of time-limited flavors including brown sugar and salted caramel.

Persons: It's, Tim Hortons, Dunkin, Olivia Vaughn, Heinz Kraft Organizations: Service, New York Times, Starbucks, Maxwell, Aldi Locations: Wall, Silicon, Seattle

☆ Wendy's now competes with Cheerios for breakfast customers as much as it competes with other chain restaurants, its CMO says
▼ + stars: | 2023-08-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

For Wendy's, Cheerios is now as much of a rival for breakfast customers as other restaurants, its CMO says. It just reported record quarterly breakfast sales. The chain reported record quarterly US breakfast sales volumes in the quarter to July 2, with year-over-year sales growth in the mid-single digits. And Wendy's is eyeing "outsized" growth for its breakfast sales in the future, executives said at its earnings call last week. Wendy's breakfast menu includes French toast sticks, sandwiches in croissant and biscuit buns, and hot and iced coffee.

Persons: Wendy's, Carl Loredo, Josh Kobza, Tim Hortons, Todd Penegor, We're, Penegor, We've Organizations: Service, Cheerios Locations: Wall, Silicon, QSR

☆ Coffee chains are betting big on cold drinks as Gen Z turns its back on old-school coffees
▼ + stars: | 2023-08-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Cold drinks tend to cost more, but they can also cause headaches for staff. Cold drinks account for 75% of Starbucks' beverage sales. "The team is making good progress with its efforts to become a bigger player in the high-growth cold beverage category and saw cold beverage sales grow 16.6% year-over-year," Restaurant Brands International CEO Josh Kobza said. Tim Hortons' cold drinks menu looks remarkably like Starbucks' – especially in the US. Cold drinks can potentially reap higher profits for coffee chains because they tend to cost more and some customers opt for costly modifications.

Persons: Tim Hortons, Laxman Narasimhan, Josh Kobza, Kobza, Tim Hortons execs, Howard Schultz, Brady Brewer, Brewer, Baristas Organizations: Starbucks, Service, Brands Locations: Wall, Silicon, Canada, Maryland, Nebraska

☆ The executive chairman of the restaurant conglomerate that owns Popeyes accidentally called the fried-chicken chain 'Domino's' during an earnings call
▼ + stars: | 2023-08-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

RBI executive chairman Patrick Doyle slipped up and called Popeyes "Domino's" during an earnings call. RBI owns Burger King, Tim Hortons, Popeyes, and Firehouse Subs. Since November, Patrick Doyle has served as executive chairman of Restaurant Brands International, which owns the quick service brands Burger King, Tim Hortons, Popeyes, and Firehouse Subs. Between 2010 and 2018, Doyle was CEO of Domino's, where he was praised for helping turn around the brand and fix its reputation. "I'm sending Russell $20 by Venmo to fix that," he continued, seemingly referring to Domino's CEO Russell Weiner.

Persons: Patrick Doyle, Tim Hortons, Doyle, Domino's, Burger King, we're, I'm, Russell, Venmo, Russell Weiner Organizations: Burger, Firehouse, Service, Restaurant Brands Locations: Popeyes, Wall, Silicon, Burger, Domino's

☆ Burger King's next challenge: Getting people in the door
▼ + stars: | 2023-08-08 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

In the second quarter ending on June 30, sales at Burger King’s US restaurants open at least 13 months jumped 8.3% year over year. Globally, including in the US, sales at Burger King restaurants open at least a year grew 10.2%. One part of the plan has hinged on getting people to try a Whopper, Burger King’s signature hamburger, again. More kiosks, newer restaurantsIn order for customers to walk through the door, Burger King locations need to look modern, according to executives. For Burger King, one way to update restaurants is by focusing on restaurant tech, like ordering kiosks.

Persons: Josh Kobza, Burger, Tim Hortons, Justin Sullivan, ” Tom Curtis, Kobza, “, ”, “ We’re, ” Kobza, “ We’ve, ” Burger Organizations: New, New York CNN, Burger, Burger King, Restaurant Brands, Burger King North, CNN Locations: New York, Burger, Burger King, Burger King North America

☆ Restaurant Brands' sales rise, fueled by Burger King and Tim Hortons growth
▼ + stars: | 2023-08-08 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Restaurant Brands International on Tuesday reported double-digit same-store sales growth at Burger King and Tim Hortons for its second quarter. Restaurant Brands' same-store sales climbed 9.6% in the quarter, driven by strong growth at Tim Hortons and Burger King. Tim Hortons reported same-store sales growth of 11.4%, topping StreetAccount estimates of 6.5%. Popeyes saw same-store sales growth of 6.3%, topping expectations of 3.5%. Firehouse Subs, the most recent addition to Restaurant Brands' portfolio, reported same-store sales growth of 2.1%.

Persons: Burger King, Tim Hortons, Burger Organizations: Brands, Burger, Refinitiv ., Restaurant Brands, Burger King, Firehouse Locations: United States, U.S

☆ Here are Friday's biggest analyst calls: Apple, Amazon, Coinbase, Generac, Wayfair, Disney & more
▼ + stars: | 2023-08-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on Apple after its earnings report Thursday. Rosenblatt downgrades Apple to neutral from buy Rosenblatt said Apple is sitting in a "slowdown phase." Citi upgrades Intercontinental Exchange to buy from neutral Citi said it sees "improving signals across the platform" for the exchange company. Citi opens a positive catalyst watch on Apple Citi said it sees upside ahead of the company's new iPhone unveil in September. Citi reiterates Disney as buy Citi said it's sticking with its buy rating on stock heading into earnings next week. "

Persons: Stephens, it's, Morgan Stanley, Apple, tonight's, Rosenblatt, Raymond James, Goldman Sachs, Goldman, Oppenheimer, Tim Horton's, TD Cowen, Read, Truist, Lamb Weston, Stifel, Evercore Organizations: bil, Bank of America, AWS, underperform Bank of America, Apple, AMD, Citi, Intercontinental Exchange, ICE, Galactic, Virgin Galactic, Brands, Restaurant Brands, SSS, TH, BK, TD Cowen downgrades Moderna, Apple Citi, Disney, JPMorgan, Petrobras, Petrobras –, PayPal Locations: Coinbase, Burger, F1Q23

☆ Cool-girl brand Aritzia made employees rate each other's appearances, discriminated against Black salespeople, and fostered a culture of fear, some ex-staffers say
▼ + stars: | 2023-07-24 | by ( Nichole Jankowski | Isabella Zavarise | Brianna Holt | ) www.businessinsider.com time to read: +27 min

They said 54% of Aritzia employees and 60% of retail employees identified as BIPOC but declined to provide a breakdown of those statistics. Insider spoke with 53 current and former Aritzia employees, several of whom said that while the world of fashion is notoriously cutthroat, working at Aritzia was particularly grueling. Aritzia's spokesperson said the company's success was a "direct result of its high-performance culture." (In a statement of defense filed with the court on July 5, the store manager and Aritzia denied all allegations. A former Ontario store manager said that shortly after she was hired, the manager of store operations asked if she had a boyfriend.

Persons: Brian Hill, Hill, Kendall Jenner, Meghan Markle, Jennifer Lopez, Aritzia, Lindsey Adelman, Melina, Isabel Slone, Max Mumby, Aritzia's, Carly Bishop, Brian, Jennifer Wong, who's, Wong, Robson, We're, George Pimentel, Heather McLean, Hill's, Tim Hortons, Kendalls, —, Todd Korol, Jessica Porter, weren't, Candace Jerry, Anyango Juma Miguna, Miguna, Hannah, Kaycelyn Pascual, Pascual, couldn't, Nadia Mahammed, Mahammed, she'd, George Floyd, they'd, Todd Ingledew Organizations: Aritzia, Euromonitor International, Aritzia's, Queen's University, Fashion, Globe, Toronto Star, Getty, SPH, Employees, British Columbia Human, Product, Estate Development, Business Locations: Toronto, Vancouver, Ontario, Aritzia, ascot, Canada, Aritzia's Vancouver, Canadian, New York City, Aritzia's Paramus , New Jersey, Newmarket , Ontario, British, New York

☆ 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

☆ How to get a free doughnut at Dunkin', Krispy Kreme, Tim Horton's, and more
▼ + stars: | 2023-06-02 | by ( Leslie J. Allen | ) www.businessinsider.com time to read: +1 min

June 2 is National Donut Day. Customers can score free doughnuts at stores nationwide, from Dunkin' to Krispy Kreme. Some free offers require a minimum purchase of a beverage or other item. Here are some of the national restaurant chains offering the sweet treats for free today. And don't forget to check out local and regional chains, which may also have specials.

Persons: Dunkin, —, Krispy Kreme, Tim Horton's Organizations: Service, Salvation Army

☆ 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 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

☆ 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.

☆ 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.

☆ Investors need to embrace these stocks that we love
▼ + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

I’ve typically done this stock picking feature in early to mid February as a Stocks We Love type of story, pegging it to Valentine’s Day. The restaurant stocks in particular could do well. Inflation is obviously still a concern for big consumer brands. Consumer prices rose 6.5% over the past 12 months through December, down from a 7.1% pace in November. Up nextMonday: Earnings from TreeHouse Foods (THS), Avis Budget (CAR), FirstEnergy (FE), IAC (IAC) and PalantirTuesday: US CPI; Japan GDP; UK employment report; earnings from Coca-Cola, Asahi Group, Marriott (MAR).

☆ Layoffs and declining investments in foodtech aren't spooking these new VCs. Here's where they're looking to make bets in 2023.
▼ + stars: | 2022-12-25 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

VC investment in restaurant tech firms, from ghost kitchens to delivery robots, slowed in the third quarter, according to Pitchbook. Despite an investment slowdown in foodtech, Crowder and Larisey believe there are massive opportunities in the sector. Another new foodtech VC firm, Rethink Food, is also looking differently at food innovation. Co-founder Shane Larisey says Redstick Ventures is looking at ag-tech companies that help increase yields in the field. Crowder and Larisey quickly point out that they are not interested in investing in marketplace meal delivery companies, which have yet to show profitability.

☆ 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.

☆ The foodtech falloff isn't spooking these new VCs. Here's where they're looking to make bets in 2023.
▼ + stars: | 2022-12-21 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

VC investment in restaurant tech firms, from ghost kitchens to delivery robots, slowed in the third quarter, according to Pitchbook. But instead of leaning into kiosks and QR codes, Redstick Ventures and Rethink Food are entering the space with a different investing game plan. Despite an investment slowdown in foodtech, Crowder and Larisey believe there are massive opportunities in the sector. Another new foodtech VC firm, Rethink Food, is also looking differently at food innovation. Rethink Food"Our most recent investment is one of the most disruptive and exciting, and it's in cultured meat," said Rini Greenfield, a founding managing partner at Rethink Food.

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