Restaurant Brands International Inc. owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brands. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items. As of December 31, 2020, the company owned or franchised a total of 4,949 TH restaurants, 18,625 BK restaurants, and 3,451 PLK restaurants in approximately 100 countries worldwide and U.S. territories. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Toronto, Canada.
IPO Year: 2014
Exchange: NYSE
Website: rbi.com
Date | Price Target | Rating | Analyst |
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6/13/2024 | $80.00 | Buy | Goldman |
11/30/2023 | $85.00 | Mkt Perform → Outperform | Bernstein |
10/19/2023 | $75.00 | Buy | Deutsche Bank |
9/29/2023 | $77.00 → $81.00 | Hold → Buy | Loop Capital |
8/22/2023 | Neutral → Buy | Northcoast | |
8/21/2023 | $82.00 | Overweight | JP Morgan |
8/9/2023 | $84.00 → $86.00 | Overweight | Barclays |
8/9/2023 | $87.00 → $88.00 | Outperform | Evercore ISI |
8/9/2023 | $73.00 → $79.00 | Underperform | BofA Securities |
8/9/2023 | $86.00 → $88.00 | Outperform | RBC Capital Mkts |
TORONTO, Sept. 12, 2024 /CNW/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) announced today that it has filed, and the Toronto Stock Exchange (the "TSX") has accepted, notice of RBI's intention to renew its normal course issuer bid (the "NCIB") for its common shares. The NCIB is being conducted in furtherance of RBI's board-approved share repurchase authorization that allows RBI to purchase up to U.S.$500 million of its common shares through September 30, 2025 (the "Repurchase Authorization"). While share repurchases remain part of our capital allocation philosophy, we are currently prioritizing our 2024 net leverage target.
SHANGHAI and NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Meng Lan, the beloved panda superstar, isn't just adored for his round, cuddly appearance—he symbolizes much more. Born to a lineage of famous pandas, Meng Lan's "celebrity pedigree" and adventurous personality have made him a cultural icon in China. Whether he's scaling fences, digging tunnels, or playfully interacting, Meng Lan embodies a free spirit that resonates deeply with the public. Nicknamed the "3rd Prince," his antics and charm have conquered the hearts of fans nationwide. This September, Tims China is thrilled to partner with Meng Lan, the "Chief Bagel Recommendation Officer," to launch Tims second annual Bagel Festival
TORONTO, Sept. 3, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP), 1011778 B.C. Unlimited Liability Company (the "Issuer") and New Red Finance, Inc. (the "Co-Issuer" and, together with the Issuer, the "Issuers") announced today that the Issuers have priced an offering of $500 million in aggregate principal amount of 5.625% First Lien Senior Secured Notes due 2029 (the "Notes"). The closing of the offering of the Notes is expected to occur on or about September 13, 2024, subject to customary closing conditions. RBI expects to use t
TORONTO, Sept. 3, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP), 1011778 B.C. Unlimited Liability Company (the "Issuer") and New Red Finance, Inc. (the "Co-Issuer" and, together with the Issuer, the "Issuers") announced today that the Issuers have launched an offering of $500 million in aggregate principal amount of First Lien Senior Secured Notes due 2029 (the "Notes"). RBI expects to use the proceeds from the offering of the Notes, together with cash on hand, to redeem in full the Issuers' outstanding 5.750% First Lien Senior
Achieved First-ever Quarterly Adjusted Corporate EBITDA1 Profitability Generated Highest-ever Adjusted Store EBITDA Margin of 10.3% SHANGHAI and NEW YORK, Aug. 29, 2024 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ:THCH), the exclusive operator of Tim Hortons coffee shops in China ("Tims China" or the "Company"), today announced its unaudited financial results for the second quarter 2024. SECOND QUARTER 2024 HIGHLIGHTS Total revenues of RMB366.8 million (USD50.5 million), representing a 10.9% decrease from the same quarter of 2023. System sales2
SHANGHAI and NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, plans to release its second quarter results before market opening on Thursday, August 29, 2024, with a conference call to follow at 8:00 AM EDT or 8:00 PM China Standard Time. The conference call will be webcast, and can be accessed on the company website at https://ir.timschina.com/events-presentations/presentations-webcasts. The webcast features a ‘Submit Your Question' tab at the top, where you have the opportunity to submit your question before and during the call. Participants are strongly encouraged to pre-
SHANGHAI and NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, plans to release its second quarter results before market opening on Thursday, August 29, 2024, with a conference call to follow at 8:00 AM EDT or 8:00 PM China Standard Time. The conference call will be webcast, and can be accessed on the company website at https://ir.timschina.com/events-presentations/presentations-webcasts. ABOUT TH INTERNATIONAL LIMITED TH International Limited (NASDAQ:THCH) ("Tims China") is the parent company of the exclusive master franchisees of Tim Hortons coffee shops in mainland China, Hon
TORONTO, Aug. 12, 2024 /CNW/ - Restaurant Brands International Inc. ("RBI" or the "Company") (TSX:QSR) (NYSE:QSR) announced today that an underwritten registered public offering (the "offering") of up to 6,528,013 common shares commenced by HL1 17 LP ("the Selling Shareholder"), an affiliate of 3G Capital Partners Ltd. ("3G Capital"), had priced. These common shares relate to the exchange notice received by Restaurant Brands International Limited Partnership ("RBI LP") from the Selling Shareholder, to exchange 6,528,013 Class B exchangeable limited partnership units of RBI LP (the "Exchangeable Units"). RBI LP intends to satisfy this notice with the delivery of an equal number of common shar
TORONTO, Aug. 12, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI" or the "Company") (TSX:QSR) (NYSE:QSR) announced today that Restaurant Brands International Limited Partnership ("RBI LP") had received an exchange notice from HL1 17 LP (the "Selling Shareholder"), an affiliate of 3G Capital Partners Ltd. ("3G Capital"), to exchange 6,528,013 Class B exchangeable limited partnership units of RBI LP (the "Exchangeable Units"). RBI LP intends to satisfy this notice with the delivery of an equal number of common shares of RBI (the "Exchange"). Consequently, the aggregate number of Exchangeable Units and RBI common shares will not change as a result of the transactions.
Consolidated system-wide sales grow +5.0% year-over-yearGlobal comparable sales of +1.9% driven by +4.9% at TH Canada and +2.6% at INTL and stable results at BK USSystem-wide sales growth and cost discipline drive strong year-over-year growth in consolidated profitabilityFive franchisor segments deliver year-over-year growth in Adjusted Operating Income RBI closes strategic transactions during the quarter that strengthen long-term positioning in the US and China TORONTO, Aug. 8, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP) today reported financial results for the second quarter ended June 30, 2024. Josh Kobza, Chief Executive Officer of RBI
B of A Securities analyst Gregory Francfort maintains Restaurant Brands Intl (NYSE:QSR) with a Underperform and raises the price target from $72 to $79.
Morgan Stanley analyst John Glass maintains Restaurant Brands Intl (NYSE:QSR) with a Equal-Weight and lowers the price target from $86 to $83.
Truist Securities analyst Jake Bartlett maintains Restaurant Brands Intl (NYSE:QSR) with a Buy and lowers the price target from $90 to $87.
Key Takeaways: TH International will return China rights for Popeyes to the brand’s owner and focus on developing its core Tim Hortons chain in China The company concurrently announced $50 million in new funding, providing an important financial cushion as it suffers in a brutal Chinese coffee price war By Doug Young Spurned once is bad enough. But the Popeyes fast food brand is looking increasingly like a wallflower in the massive China restaurant market, after being dumped there last week for the third time. The popular fried chicken chain was spurned this time by TH International Ltd. (NASDAQ:THCH), which only acquired the China rights to Popeyes two years ago. TH International’s
Restaurant Brands International Inc. (NYSE:QSR), the fast-food holding company, announced two strategic transactions in China, reinforcing its confidence in one of the largest quick-service restaurant markets worldwide. The company has acquired Popeyes China and co-invested with Cartesian Capital in TH International Limited (NASDAQ:THCH), also known as Tims China. Restaurant Brands’ total capital outlay for these transactions will be up to $45 million. The acquisition of Popeyes China, valued at $15 million, includes 14 restaurants in Shanghai. Restaurant Brands plans to accelerate restaurant growth through investments in local teams and development, with a long-term goal of establi
TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, secured an aggregate of up to $65 million of financing and additional funding from its founding shareholders, Cartesian Capital Group, LLC ("Cartesian") and Restaurant Brands International Inc. ("RBI" (NYSE: QSR)). The financing includes $50 million in convertible notes, of which $40 million was issued at closing, with the balance to be funded over the coming 7 months, subject in each case to certain conditions. The three-year notes are convertible into newly issued convertible preferred shares of Tims China, which convert to ordinary shares at a price per share based on 110%
Inflation has been painful for American consumers. Several United States fast-food joints have unveiled discounted meal deals in contrast to rapidly rising prices. Here are the meal deals released by the largest food giants in the U.S. McDonald’s Corp (NYSE:MCD) announced a $5 meal deal on June 20. America’s largest fast food chain is offering the deal nationwide. The offer includes a McDouble cheeseburger, small fries, four-piece chicken nuggets, and a small soft drink. A la carte, the items would total approximately $10. The limited-time offer provides a large, 50% discount (Note: prices vary by location). Price increases at the Golden Arches have far outpaced increases at rival fas
Keybanc analyst Eric Gonzalez maintains Restaurant Brands Intl (NYSE:QSR) with a Overweight and lowers the price target from $85 to $80.
Achieved First-ever Quarterly Adjusted Corporate EBITDA1 Profitability Generated Highest-ever Adjusted Store EBITDA Margin of 10.3% SHANGHAI and NEW YORK, Aug. 29, 2024 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ:THCH), the exclusive operator of Tim Hortons coffee shops in China ("Tims China" or the "Company"), today announced its unaudited financial results for the second quarter 2024. SECOND QUARTER 2024 HIGHLIGHTS Total revenues of RMB366.8 million (USD50.5 million), representing a 10.9% decrease from the same quarter of 2023. System sales2
SHANGHAI and NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, plans to release its second quarter results before market opening on Thursday, August 29, 2024, with a conference call to follow at 8:00 AM EDT or 8:00 PM China Standard Time. The conference call will be webcast, and can be accessed on the company website at https://ir.timschina.com/events-presentations/presentations-webcasts. The webcast features a ‘Submit Your Question' tab at the top, where you have the opportunity to submit your question before and during the call. Participants are strongly encouraged to pre-
SHANGHAI and NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, plans to release its second quarter results before market opening on Thursday, August 29, 2024, with a conference call to follow at 8:00 AM EDT or 8:00 PM China Standard Time. The conference call will be webcast, and can be accessed on the company website at https://ir.timschina.com/events-presentations/presentations-webcasts. ABOUT TH INTERNATIONAL LIMITED TH International Limited (NASDAQ:THCH) ("Tims China") is the parent company of the exclusive master franchisees of Tim Hortons coffee shops in mainland China, Hon
Consolidated system-wide sales grow +5.0% year-over-yearGlobal comparable sales of +1.9% driven by +4.9% at TH Canada and +2.6% at INTL and stable results at BK USSystem-wide sales growth and cost discipline drive strong year-over-year growth in consolidated profitabilityFive franchisor segments deliver year-over-year growth in Adjusted Operating Income RBI closes strategic transactions during the quarter that strengthen long-term positioning in the US and China TORONTO, Aug. 8, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP) today reported financial results for the second quarter ended June 30, 2024. Josh Kobza, Chief Executive Officer of RBI
TORONTO , June 18, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP) will release its second quarter 2024 financial results on Thursday, August 8, 2024. An investor conference call will be hosted that morning at 8:30 a.m. Eastern Time. The earnings call will be webcast on the company's investor relations website (https://rbi.com/investors) and a replay will be available for 30 days following the release. Investors may also access the conference call via the following dial-in numbers: 1 (833)-470-1428 for U.S. callers, 1 (833)-950-0
Resilient Total Revenues Increased 3.1% Year over Year for the First Quarter 2024 System Sales Increased 7.1% Year-over-Year for the First Quarter 2024 Continuous Margin Improvement with Seven Consecutive Positive Quarterly Adjusted Store EBITDA 20.3 Million Registered Loyalty Club Members at Quarter-End,Representing 63.6% Year-over-Year Growth SHANGHAI and NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ:THCH), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China ("Tims China" or the "Company") today announced its unaudited financial results for the first quarter 2024. FIRST QUARTER 2024 HIGHLIGHTS Total revenues reached RMB
Consolidated system-wide sales grow 8.1% year-over-yearGlobal comparable sales of 4.6% driven by 7.5% at TH Canada, 4.2% at BK International, 3.9% at BK US and 6.2% at PLK USSolid growth in system-wide sales translates into bottom-line growth for franchisees and the Company $300 million expanded remodel program at BK US puts business on path to reach 85% to 90% modern image by 2028 TORONTO, April 30, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP) today reported financial results for the first quarter ended March 31, 2024. Josh Kobza, Chief Executive Officer of RBI commented, "I am proud of the hard work our teams and franchisees are doing to d
Total Revenues Increased 29.8% Year-over-Year for the Fourth Quarter,55.9% Year-over-Year Growth for the Full Year 2023 149 Net New Store Openings During the Fourth Quarter,912 System-Wide Stores at Year-End 2023 18.7 Million Registered Loyalty Members at Year-End,Representing 66.3% Year-over-Year Growth SHANGHAI, China and NEW YORK, April 18, 2024 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ:THCH), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China ("Tims China" or the "Company") today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.
SHANGHAI, China and NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, will release its fourth quarter and full year results before market opening on Thursday, April 18, 2024. The company will hold a conference call on Thursday, April 18, 2024, at 8:00 am Eastern Time (or Thursday, April 18, 2024, at 8:00 pm Beijing Time) to discuss its financial results. The call will begin with prepared remarks, followed by a live Q&A session. A live webcast of the call may be accessed at https://edge.media-server.com/mmc/p/mczqcdrs The webcast features a 'Submit Your
TORONTO, April 2, 2024 /PRNewswire/ - As previously announced, Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP) will release its first quarter 2024 financial results on Tuesday, April 30, 2024. An investor conference call will be hosted that morning at 10:00 a.m. Eastern Time. The earnings call will be webcast on the company's investor relations website (https://rbi.com/investors) and a replay will be available for 30 days following the release. Investors may also access the conference call via the following dial-in numbers: 1 (833)-470-1428 for U.S.
Goldman initiated coverage of Restaurant Brands Int'l with a rating of Buy and set a new price target of $80.00
Bernstein upgraded Restaurant Brands Int'l from Mkt Perform to Outperform and set a new price target of $85.00
Deutsche Bank initiated coverage of Restaurant Brands Int'l with a rating of Buy and set a new price target of $75.00
Loop Capital upgraded Restaurant Brands Int'l from Hold to Buy and set a new price target of $81.00 from $77.00 previously
Northcoast upgraded Restaurant Brands Int'l from Neutral to Buy
JP Morgan initiated coverage of Restaurant Brands Int'l with a rating of Overweight and set a new price target of $82.00
Barclays reiterated coverage of Restaurant Brands Int'l with a rating of Overweight and set a new price target of $86.00 from $84.00 previously
Evercore ISI reiterated coverage of Restaurant Brands Int'l with a rating of Outperform and set a new price target of $88.00 from $87.00 previously
BofA Securities reiterated coverage of Restaurant Brands Int'l with a rating of Underperform and set a new price target of $79.00 from $73.00 previously
RBC Capital Mkts reiterated coverage of Restaurant Brands Int'l with a rating of Outperform and set a new price target of $88.00 from $86.00 previously
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RBI Acquires Popeyes China and Plans to Accelerate Growth Co-investment alongside Cartesian Capital in Tims China Business TORONTO, July 1, 2024 /PRNewswire/ - Restaurant Brands International Inc. (TSX:QSR) (NYSE:QSR) (TSX:QSP) ("RBI", "Company") announced today two transactions in China, the acquisition of Popeyes China, and the co-investment with Cartesian Capital into the business of TH International Limited ("Tims China") (NASDAQ:THCH). The two transactions reflect RBI's confidence in China, one of the largest QSR markets globally, and its commitment to drive growth in the market. RBI's total amount of capital outlay will be up to $45M for the two transactions.
Mr. Siewert led the Carlyle Group's consumer, media, and retail investments in Asia-Pacific for 16 years Previously served as Chief Operating Officer and Group President for Coca-Cola in Asia Serves as a board member for Mondelez International and Avery Dennison Corporation Appointment will contribute to RBI's aspiration of opening at least 7,000 new international restaurants through 2028 TORONTO, May 29, 2024 /PRNewswire/ - Restaurant Brands International Inc. (TSX:QSR) (NYSE:QSR) (TSX:QSP) ("RBI", "Company") has appointed Patrick Siewert as its Senior Advisor in the Asia-Pacific region. Mr. Siewert has extensive knowledge in food, beverage and consumer products in Asia, having served as Ch
O'Neill Will Lend Experience in Scaling Cloud Software to Industry Leading Composable CDP NEW YORK, Dec. 7, 2023 /PRNewswire/ -- Today, GrowthLoop announces the appointment of Chris O'Neill to their Board of Directors, further accelerating GrowthLoop's transformative new approach to growth marketing by providing audiences, journeys, and measurement directly on the data cloud. Chris O'Neill is a purpose-driven global technology leader with 25+ years of experience as an executive at Google, Evernote, and Xero, and a Fortune 500 board director at Gap Inc. and Tim Hortons. "I am t
RBI Board of Directors believes Patrick Doyle's appointment will unlock exceptional growth potential alongside current leadership Mr. Doyle is one of the world's most successful global QSR leaders; having doubled system-wide sales, delivered 29 consecutive quarters of same store sales growth, created ~$11B of shareholder value and increased home market franchisee profitability more than 2x while CEO of Domino's Pizza from 2010-2018 TORONTO, Nov. 16, 2022 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP) has appointed Patrick Doyle, one of the world's most successful QSR leaders, to become the company's Executive Chairman, effective immediately. The Bo