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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.
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.
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.
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.
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.
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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