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 |
|---|---|---|---|
| 10/22/2024 | $89.00 → $86.00 | Outperform | Oppenheimer |
| 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 |
Achieved Consecutive Adjusted Corporate EBITDA1 Profitability Generated Highest-ever Company Owned and Operated Store Contribution Margin4 of 13.3% SHANGHAI and NEW YORK, Nov. 12, 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 third quarter 2024. THIRD QUARTER 2024 HIGHLIGHTS Total revenues of RMB359.6 million (USD51.3 million), representing a 17.1% decrease from the same quarter of 2023.System sales2 of RMB372.4 million (USD53.1 million), representing a 15.5% decrease from the same quarter of 2023.Net new store openings f
Consolidated system-wide sales grow +3.2% year-over-yearGlobal comparable sales of +0.3%, including +2.7% at TH Canada and +1.8% at INTLFive franchisor segments deliver year-over-year growth in Adjusted Operating IncomeRBI on track to deliver 8%+ organic Adjusted Operating Income growth for 2024 TORONTO, Nov. 5, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP) today reported financial results for the third quarter ended September 30, 2024. Josh Kobza, Chief Executive Officer of RBI commented, "Our results demonstrate the resilience of our business and the dedication of our teams and franchisees. We remain focused on providing great value for
SHANGHAI, Oct. 17, 2024 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ THCH), the exclusive operator of Tim Hortons coffee shops in China ("Tims China" or the "Company") participated in the Fourth ESG Global Leaders Summit in Shanghai this week. Tims China was the coffee sponsor of the conference, showcasing its innovations in the sustainable consumer sector in China. Yongchen Lu, CEO of Tims China, took part in a panel discussion titled "Consensus on New Green Consumption Concepts." (From left to right: the thematic panel, Yongchen Lu during the panel discussion, Tims China coffee booth, guests in line for Tims China coffee) Yongchen com
SHANGHAI, and NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, plans to release its third quarter results before market opening on Tuesday November 12, 2024, with a conference call to follow at 8:00 AM EST or 9:00 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,
SHANGHAI, Oct. 14, 2024 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ THCH), the exclusive operator of Tim Hortons coffee shops in China ("Tims China" or the "Company") will be participating in the Fourth ESG Global Leaders Summit in Shanghai from Wednesday, October 16 through Friday, October 18. Tims China is the coffee sponsor of the conference. On October 17, from 3.10 – 3.50PM, Yongchen Lu, CEO of Tims China, will be participating in a panel discussion, titled "Consensus on New Green Consumption Concepts." More information about the conference may be accessed via this link https://english.shanghai.gov.cn/en-Events/20240808/6fd6cd303b3741358ad633ed0cc2cc30.html ABOUT
TORONTO , Sept. 25, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP) will release its third quarter 2024 financial results on Tuesday, November 5, 2024. An investor conference call will be hosted that morning at 8:45 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-
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 Consecutive Adjusted Corporate EBITDA1 Profitability Generated Highest-ever Company Owned and Operated Store Contribution Margin4 of 13.3% SHANGHAI and NEW YORK, Nov. 12, 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 third quarter 2024. THIRD QUARTER 2024 HIGHLIGHTS Total revenues of RMB359.6 million (USD51.3 million), representing a 17.1% decrease from the same quarter of 2023.System sales2 of RMB372.4 million (USD53.1 million), representing a 15.5% decrease from the same quarter of 2023.Net new store openings f
Consolidated system-wide sales grow +3.2% year-over-yearGlobal comparable sales of +0.3%, including +2.7% at TH Canada and +1.8% at INTLFive franchisor segments deliver year-over-year growth in Adjusted Operating IncomeRBI on track to deliver 8%+ organic Adjusted Operating Income growth for 2024 TORONTO, Nov. 5, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP) today reported financial results for the third quarter ended September 30, 2024. Josh Kobza, Chief Executive Officer of RBI commented, "Our results demonstrate the resilience of our business and the dedication of our teams and franchisees. We remain focused on providing great value for
SHANGHAI, and NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, plans to release its third quarter results before market opening on Tuesday November 12, 2024, with a conference call to follow at 8:00 AM EST or 9:00 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,
TORONTO , Sept. 25, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP) will release its third quarter 2024 financial results on Tuesday, November 5, 2024. An investor conference call will be hosted that morning at 8:45 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-
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
Oppenheimer reiterated coverage of Restaurant Brands Int'l with a rating of Outperform and set a new price target of $86.00 from $89.00 previously
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
10-Q - Restaurant Brands International Inc. (0001618756) (Filer)
8-K - Restaurant Brands International Inc. (0001618756) (Filer)
8-K - Restaurant Brands International Inc. (0001618756) (Filer)
8-K - Restaurant Brands International Inc. (0001618756) (Filer)
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8-K - Restaurant Brands International Inc. (0001618756) (Filer)
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10-Q - Restaurant Brands International Inc. (0001618756) (Filer)
8-K - Restaurant Brands International Inc. (0001618756) (Filer)
8-K - Restaurant Brands International Inc. (0001618756) (Filer)
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.
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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