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Burger - 3 Popeyes - 1 Tim Hortons - 1 Mario Anzuoni - 1 Wendy's - 1 Jason Aintabi - 1 Nelson Peltz - 1 Peter May - 1
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Restaurant Brands - 2 Thomson - 2 Burger King - 1 Inc - 1 BK - 1 LSEG - 1 Brands - 1 Trian Fund Management - 1

Search resuls for: "Restaurant Brands International Inc"


16 mentions found


☆ Burger King parent Restaurant Brands falls short of third-quarter expectations
  + stars: | 2024-11-05 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +2 min
A new Burger King restaurant under construction in Tortosa, Spain, following the current expansion of Restaurant Brands International Inc. - the parent company of BK- in new and existing markets. Restaurant Brands International on Tuesday reported quarterly earnings and revenue that missed analysts' expectations as domestic same-store sales growth for all four of its chains fell short of Wall Street estimates. Burger King, Firehouse Subs and Popeyes all reported same-store sales declines in their home markets. But the Canadian coffee chain still fell short of Wall Street's same-store sales growth expectations of 4.1%, based on StreetAccount estimates. Outside of the U.S. and Canada, Restaurant Brands' international same-store sales rose 1.8% in the quarter, just shy of estimates of 2.2%.
Persons: Burger, Popeyes, Tim Hortons Organizations: Burger King, Restaurant Brands, Inc, BK, LSEG, Brands Locations: Tortosa, Spain, China, U.S, Canada
☆ Exclusive: Activist investor Blackwells plans Wendy's board challenge -sources
  + stars: | 2023-12-01 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +3 min
Blackwells, run by Jason Aintabi, plans to nominate several directors to Wendy's 12-member board, said the sources, who asked not to be identified discussing confidential deliberations. It made no mention of any plans to challenge the Wendy's board. Wendy's reported adjusted third-quarter earnings per share of 27 cents last month, beating analysts' average estimate of 25 cents. Yet it posted same-restaurant sales growth of 2.8% globally and 2.2% for the United States that were lower than a year ago. In third quarter of 2022, Wendy's had reported global same-restaurant sales growth of 6.9% and U.S. same-restaurant sales growth of 6.4%.
Persons: Burger, Mario Anzuoni, Wendy's, Jason Aintabi, Nelson Peltz, Peter May, Matthew Peltz, Blackwells, Trian, Bob Iger, Peltz, Matthew H, McDonald's, Aintabi, John Foley, Foley, Svea Herbst, Bayliss, Chizu Nomiyama, Kirsten Donovan Organizations: Trian Fund Management, Walt Disney Co, Disney, Restaurant, International Inc, Burger, Interactive, Svea, Thomson Locations: Monrovia , California, North America, Wendy's, Dublin , Ohio, New York, United States, Rhode Island
☆ Subway struggles to get big new franchisees to buy its US sandwich shops
  + stars: | 2023-06-06 | by ( Hilary Russ | Thomson Reuters | Hilary Russ Writes About Global Restaurant Chains Including Mcdonald'S | ) www.reuters.com   time to read: +5 min
That month, it announced five new agreements with multi-unit operators to condense and transfer more than 230 existing restaurants. "There is strong interest in growth opportunities with Subway from multi-unit operators," Subway said in a statement to Reuters for this story. Klein, the franchise attorney, said that since 2022, his firm examined three multi-unit Subway deals on behalf of clients interested in investing in the chain for the first time. Of the 100 largest multi-unit U.S. restaurant franchisees by revenue in 2022, none had a Subway in their portfolio, according to a ranking by Franchise Times magazine. Instead, top franchisees owned hundreds of Wendy's (WEN.O), Yum Brands' (YUM.N) Pizza Hut and Taco Bell, Restaurant Brands' Burger King, Dine Brands' (DIN.N) Applebee's and other chains.
Persons: Justin Klein, John Gordon, Klein, it's, Gordon, Burger, Alicia Miller, Hilary Russ, Matthew Lewis Organizations: YORK, Subway, Reuters, QSR Magazine, Restaurant Brands International Inc, Times, Yum Brands, Bell, Restaurant Brands, Catalyst Insight, Thomson Locations: United States, U.S, Miami, Jersey, New York, Nevada, New Mexico
☆ 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.
☆ 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.
☆ AI Food Startup NotCo Hires Activision’s Fernando Machado as CMO
  + stars: | 2023-03-13 | by ( Patrick Coffee | ) www.wsj.com   time to read: +1 min
NotCo co-founder and Chief Executive Matias Muchnick, right, with Chief Marketing Officer Fernando Machado. Mr. Machado will develop a marketing plan to help the plant-based food startup break through into the U.S. market, according to Mr. Muchnick. The Not Co. or NotCo, a Chilean startup that uses artificial-intelligence technology to produce plant-based foods that mimic dairy and meat products, has hired Fernando Machado as chief marketing officer. He succeeds Flavia Buchmann, who left the company in late 2022. NotCo has also brought on an unnamed U.S. general manager to work alongside Mr. Machado and will announce that hire in the coming weeks, according to a company spokeswoman.
☆ Burger King Parent Names New CEO, Aiming to Turn Around Chain
  + stars: | 2023-02-14 | by ( Heather Haddon | ) www.wsj.com   time to read: 1 min
Burger King used to be the second-largest U.S. hamburger chain. Burger King owner Restaurant Brands International Inc. named a new chief executive Tuesday, saying the company needs to do more to help its restaurant owners improve their profits. The Toronto-based fast-food chain operator said Joshua Kobza , the company’s chief operating officer, will take over as CEO March 1. Mr. Kobza previously served as Restaurant Brands’ chief financial officer and chief technology officer in his 11 years with the company.
☆ 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.
☆ Burger King Hires a CMO for U.S. and Canada
  + stars: | 2023-01-11 | by ( Katie Deighton | ) www.wsj.com   time to read: +2 min
Burger King named Patrick O’Toole as its chief marketing officer for the U.S. and Canada, as the burger giant pursues a $400 million turnaround plan. Mr. O’Toole is joining Burger King from PepsiCo Inc., where he was most recently the chief marketing officer of Mountain Dew. Burger King, part of Restaurant Brands International Inc., for decades held second place in sales behind McDonald’s Corp. in the so-called burger wars. Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. “Pat joins us at a milestone moment for the brand,” said Tom Curtis, president of Burger King North America.
☆ TSX dips as lower oil prices pressure energy shares
  + stars: | 2022-11-16 | by ( Fergal Smith | Simon Jessop | ) www.reuters.com   time to read: +1 min
SummarySummary Companies TSX ends down 36.82 points, or 0.2%, at 19,957.96Energy falls 2.3%; oil settles 1.5% lowerMaterials sector loses 1.3%Restaurant Brands gains 7%TORONTO, Nov 16 (Reuters) - Canada's main stock index fell on Wednesday as lower oil prices weighed on energy shares but gains for consumer-related stocks helped limit the index's decline. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 36.82 points, or 0.2%, at 19,957.96. The Toronto market's energy sector fell 2.3% as oil prices settled 1.5% lower at $85.59 a barrel concerns over rising COVID-19 cases in China. The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.3%, while technology ended 0.7% lower. Shares of Restaurant Brands International Inc (QSR.TO) ended 7% higher, helping drive the consumer discretionary sector to a 1.3% gain.
☆ Restaurant Brands Taps Former Domino’s CEO as Chairman
  + stars: | 2022-11-16 | by ( Heather Haddon | ) www.wsj.com   time to read: 1 min
The former chief executive of Domino’s Pizza Inc. is joining Burger King parent Restaurant Brands International Inc. as its executive chairman, and will take a stake in the company as it seeks to improve its operations. Patrick Doyle , an executive partner at investment firm Carlyle Group Inc., will buy 500,000 company shares valued at around $30 million and take leadership of Restaurant Brands’ board immediately, the company said Wednesday. Mr. Doyle, 59 years old, will receive equity awards instead of a salary as he works with Restaurant Brands executives to improve its stock performance and equity value, the company said.
☆ 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.
☆ Toronto stocks slip on oil drag, inflation data
  + stars: | 2022-11-16 | by ( Johann M Cherian | ) www.reuters.com   time to read: +2 min
SummarySummary Companies Annual inflation remains unchangedRestaurant Brands International rises on CEO changeLoblaw up after Q3 sales beatNov 16 (Reuters) - Canada's commodity-heavy stock index fell on Wednesday as oil prices declined, while investors digested data showing domestic annual inflation rate held steady in October. ET (1537 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 51.55 points, or 0.26%, at 19,943.23, after closing higher in the previous session. Canada's annual inflation rate held steady at 6.9% in October, as gasoline prices rose after OPEC+ countries announced production cuts, while higher interest rates pushed up mortgage costs by 11.4%, the largest jump since February 1991. "There is a 40% chance of a 50 basis points of tightening if inflation doesn't show more evidence of easing as we've seen in the United States," he added. The BoC has hiked its benchmark rate by 350 basis points since March to 3.75%, one of its fastest tightening cycles ever.
☆ LGBT Representation in Ads Has Grown, but Many Consumers Find It Inauthentic
  + stars: | 2022-11-01 | by ( Patrick Coffee | ) www.wsj.com   time to read: +6 min
Still, marketing to LGBT consumers can be tricky due to political tensions as well as consumer skepticism, particularly when big companies roll out Pride Month campaigns in June but are seen as not following through on standing up for LGBT rights. Many marketers still treat LGBT consumers as more of a niche group than they are, some experts said. A 2021 Nielsen survey found that, outside of Pride Month, only 1% of ads included LGBT characters or topics. Harris found that 67% of consumers think Pride Month has become too commercialized. In the Disqo survey, 46% of respondents said advertising already has enough LGBT themes and characters, and some experts think brands might mistakenly conclude that representing LGBT consumers in ads is no longer a pressing issue.
☆ 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.
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