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Axel Schwan Joins Global Leadership Team at Restaurant Brands International
Restaurant Brands International CEO Jose Cil announced that Axel Schwan will join the global leadership team of the company. Mr. Schwan was appointed the Regional President of Tim Hortons for Canada and the US in October.
"I am very proud to welcome Axel to the leadership team. I have worked closely with him in Europe, the U.S. and now in Canada and he has proven himself to be a valuable leader of our Tim Hortons business, as well as a strong leader of people and teams," said Mr. Cil.
Axel Schwan will add the Latin America region to his accountabilities. Other international Tim Hortons locations and...
Burger King Announces Plan to Develop More Than 100 New Restaurants in Canada
Burger King is announcing plans to open more than 100 restaurants in Ontario and Manitoba over the next five years. To drive growth in the underpenetrated burger market of Canada, Burger King Canada has inked a new five-year expansion deal with long-time partner, Redberry Restaurants ("Redberry"), to grow the number of Burger King restaurants in Canada by 25% so even more guests can enjoy the iconic flame-grilled Whopper sandwich, chicken fries and other Burger King favourites.
"For far too long, Canadian burger lovers have not had enough flame grilled options to choose from," said Matt Wright, General Manager, Burger King Canada. "Premium ingredients and signature recipes have defined Burger King for 50 successful years in Canada. We're excited that even more Canadians will be introduced to...
Restaurant Brands International Inc. Reports Third Quarter 2019 Results
Restaurant Brands International Inc. today reported financial results for the third quarter ended September 30, 2019.
Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "During the third quarter, we grew system-wide sales nearly 9% through a combination of strong global comparable sales growth and restaurant expansion. At Burger King, we continue to see exciting growth around the world, with our system-wide sales increasing approximately 15% internationally for the quarter and the successful launch of our Impossible Whopper driving 5% comparable sales growth in the US, our strongest level since 2015. Popeyes had one of...
Burger King Announces Agreement to Launch in the Baltics
Burger King today announced a new agreement to open restaurants in Estonia, Latvia and Lithuania. The three Baltic states are among the few remaining countries in Europe where Burger King currently does not have restaurants.
"We are excited to develop beautiful new Burger King restaurants and introduce guests in the Baltics to our iconic brand featuring our great-tasting food with Tallink Grupp" said David Shear, President, Burger King and Popeyes EMEA. "We are confident that guests will enjoy our world-famous flame-grilled flavor, including our iconic WHOPPER® sandwich, and experience our brand their way through personalized digital innovation."
Tallink Grupp, which launched the first floating Burger King restaurant on board a cruise ship in 2016, has now acquired the exclusive development rights for...
Restaurant Brands International Reports Second Quarter 2019 Results
Restaurant Brands International Inc. today reported financial results for the second quarter ended June 30, 2019.
Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "During the second quarter, we grew global system-wide sales nearly 8% and crossed two restaurant milestones with more than 26,000 restaurants globally, including more than 18,000 Burger King restaurants."
"We are excited by the tremendous opportunity for restaurant growth in front of us, most recently highlighted by new partnerships we announced for Popeyes in China and Spain, and Tim Hortons in Thailand," continued Cil. "We are working closely with our restaurant owners to deliver an enhanced guest experience including...
Popeyes Announces Agreement to Open More than 1,500 Restaurants in China
Today, Popeyes Louisiana Kitchen Inc. (Popeyes) announced an exciting new agreement to develop and open more than 1,500 Popeyes restaurants in the People's Republic of China over the next 10 years.
"We're very excited to grow the Popeyes brand in the Chinese market," said Josh Kobza, Chief Operating Officer of Restaurant Brands International (RBI), parent company of Popeyes. "We look forward to bringing our great tasting chicken, biscuits, sides and beautiful new restaurants to our guests in China with our partner...
Popeyes Announces Agreement to Launch the Brand in Spain
Popeyes Louisiana Kitchen Inc. ("Popeyes") today announced an exciting new agreement to open Popeyes restaurants in Spain with the aim of becoming the market leader.
"We have an ambitious long-term goal for RBI of reaching 40,000 restaurants over the next 8 to 10 years. Today, we're excited to share big news from Europe where we have announced ambitious plans for one of our iconic brands – Popeyes – in Spain," said Josh Kobza, Chief Operating Officer of Restaurant Brands International Inc. ("RBI"), parent company of Popeyes. "We believe we have the best tasting chicken, biscuits and side items and that Popeyes can become Spain's number one choice for chicken as we develop...
Restaurant Brands International Inc. Reports First Quarter 2019 Results
Restaurant Brands International Inc. (TSX/NYSE: QSR, TSX: QSP) today reported financial results for the first quarter ended March 31, 2019.
Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "At BURGER KING® and POPEYES®, we saw strong system-wide sales growth driven by net restaurant growth, reflecting the strength of our brands and business model around the world. Underlying fundamentals at TIM HORTONS® remain strong and we are excited about our first three restaurants in China. Overall, we are confident in the long-term growth prospects for each of our three iconic brands, and remain focused on providing a great guest experience while driving franchisee profitability...
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Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2018 Results
Restaurant Brands International Inc. (TSX/NYSE: QSR, TSX: QSP) today reported financial results for the full year and fourth quarter ended December 31, 2018.
Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "I am pleased to report that our business continued to deliver strong system-wide sales growth in 2018, driven by acceleration of net restaurant growth at Burger King and Popeyes and improved momentum in comparable sales at Tim Hortons through our 'Winning Together' plan. We have demonstrated our increased focus on technology and made notable progress against many of our initiatives including delivery, kiosks, and mobile app development. Throughout the year, we continued to maintain a balanced approach to capital allocation through our increased dividend, share repurchases, and reinvestment in our brands, illustrating our confidence in ...
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