Company Overview - Restaurant Brands International is a multinational quick service portfolio that includes four well-known brands: Tim Hortons, Burger King, Popeyes, and Firehouse Subs [2] Growth Strategy - The company's long-term growth algorithm targets annual system sales growth of over 8%, supported by approximately 3% comparable sales growth and around 5% net unit growth over time [2] - A recent joint venture partnership with CPE, a new Burger King master franchisee in China, is expected to enhance net unit growth [2]

Restaurant Brands International (NYSE:QSR) FY 2025 Conference December 03, 2025 08:15 AM ET Company ParticipantsJosh Kobza - CEOSami Siddiqui - CFOModeratorGood morning, everyone, and thank you for joining us, both in the room and on the webcast. My name is Jeff Bernstein, and I'm the restaurant and food service distribution analyst here at Barclays. I want to welcome all to day two of our 11th annual Eat, Sleep, Play, Shop conference. Just for background, we're excited to have 12 restaurant and food servic ...

Financial Data and Key Metrics Changes - The company aims for annual system sales growth of over 8%, supported by approximately 3% same-store sales growth and around 5% net unit growth over time [2] - The Canadian business has shown strong performance despite a softer consumer environment, with recent improvements in consumer confidence and a slight decrease in unemployment [6][7] - The U.S. consumer segment, which constitutes about 30% of the business, has seen consistent dynamics, with lower-income consumers being softer while middle and upper tiers remain stable [8][9] Business Line Data and Key Metrics Changes - Tim Hortons in Canada is positioned as the number one brand in value for money, with a strong focus on everyday value rather than heavy discounting [29] - Burger King U.S. has maintained consistent promotions like $5 Duos and $7 Trios, focusing on the Whopper and family activations to drive traffic [12][32] - Firehouse Subs has achieved significant growth, opening 100 net new units in the last four quarters, marking a 3-4x increase in growth pace since acquisition [67] Market Data and Key Metrics Changes - The international business accounts for about 30% of operating income, with 18 consecutive quarters of positive same-store sales [44] - France is the largest international market, with several billion-dollar revenue businesses in countries like Germany, Australia, and Spain [45] - The company is expanding Popeyes into new markets, achieving strong results in places like the U.K. and China [46] Company Strategy and Development Direction - The company is focused on simplifying its business model, aiming to become predominantly asset-light and franchised, with significant refranchising efforts planned for 2026 [25][26] - The partnership with CPE in China is seen as a strategic move to enhance operations and growth potential, with a $350 million capital injection planned [50][53] - The company is optimistic about unit growth, targeting a return to 5% net unit growth by 2028, with a focus on markets like China and India [57][66] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges posed by the current consumer environment but remains confident in the company's value positioning and operational improvements [11][29] - The company is monitoring the potential impact of GLP-1 medications on consumer behavior, particularly in the U.S. market [21][22] - The focus for 2026 will be on executing the existing plan and continuing to simplify operations while driving growth in both domestic and international markets [24][66] Other Important Information - An Investor Day is scheduled for February 26, where management will address investor questions and provide further insights into the business [14] - The company has maintained a strong franchisee base in Canada, which is crucial for operational success and community engagement [39][40] Q&A Session Summary Question: How does the company view the health of the consumer across different groups? - Management noted a mixed environment, with lower-income consumers being softer while middle and upper tiers remain stable [6][8] Question: What is the company's strategy regarding pricing in the current environment? - The company emphasizes prudent pricing strategies across its brands, focusing on value for money to attract consumers [11][12] Question: What are the key drivers of success for the company's brands in a challenging environment? - Key drivers include value positioning, innovation in product offerings, and operational improvements [29][30] Question: How does the company view its international business? - Management highlighted the importance of international markets, noting consistent performance and significant growth potential [15][44] Question: What are the expectations for unit growth moving forward? - The company aims for modestly positive net unit growth in 2026, with a long-term target of 5% by 2028 [57][66]

Financial Data and Key Metrics Changes - The company aims for annual system sales growth of over 8%, supported by approximately 3% same-store sales growth and around 5% net unit growth over time [2] - The Canadian business has shown strong performance, with 18 consecutive quarters of positive same-store sales [16][41] - The U.S. consumer environment has been mixed, with lower-income consumers showing softness, while middle and upper tiers have remained stable [7] Business Line Data and Key Metrics Changes - Tim Hortons in Canada is positioned as the number one brand in value for money, with a focus on everyday value rather than heavy discounting [28] - Burger King U.S. has maintained consistent promotions like $5 Duos and $7 Trios, focusing on value and family-oriented marketing [11][30] - Popeyes has expanded significantly, with successful launches in markets like China and the U.K., achieving strong unit economics [43] Market Data and Key Metrics Changes - The international business accounts for about 30% of operating income, with significant growth in markets like France, Germany, and Australia [41] - The company has seen positive same-store sales across its international business for 18 consecutive quarters, indicating strong performance [41] - Emerging markets like India and China are viewed as having substantial growth potential, with ongoing expansion plans [45] Company Strategy and Development Direction - The company is focused on simplifying its business model, aiming for a predominantly asset-light and franchised structure [24][25] - The partnership with CPE in China is expected to enhance growth, with a significant capital injection of $350 million to support expansion [50] - The company plans to continue refranchising restaurants, with expectations to refranchise 50-100 restaurants in 2025 and increase that number in 2026 [25] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a mixed consumer environment but remains optimistic about the company's ability to navigate challenges through value positioning and operational improvements [10][28] - The company expects modestly positive net restaurant growth in China in 2026, following a year of store base cleanup [60] - There is confidence in achieving long-term unit growth targets of 5% by 2028, driven by strong performance in international markets and ongoing operational improvements [62] Other Important Information - An Investor Day is scheduled for February 26, 2026, to provide further insights into the company's strategy and performance [13] - The company emphasizes the importance of its non-U.S. businesses, which contribute significantly to overall operating income [14] Q&A Session Summary Question: How does the company view the health of the consumer across different groups? - The company notes a mixed environment, with lower-income consumers being softer, while middle and upper tiers remain stable [7] Question: What is the company's strategy to compete with food at home? - The company focuses on providing value for money and has been prudent with pricing across its brands [10][11] Question: What are the key drivers of success in the current environment? - Key drivers include value positioning, innovation in product offerings, and operational improvements [28][30] Question: What are the expectations for unit growth in the coming years? - The company expects to achieve modestly positive unit growth in 2026, with a long-term target of 5% by 2028 [62]

You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. Chicken has unquestionably dominated the headlines in the past year or so, and justifiably so. The quick-service chicken category was the only major restaurant category to expand its share of total food spend across income groups this year, according to new data from Consumer Edge.  Perhaps that’s why legacy burger chains like McDonald’s and Wendy’s have made recent moves to ramp up their chicken offerings.  B ...

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly.Top 5 Upgrades: Baird upgraded Albemarle (ALB) to Neutral from Underperform with a price target of $113, up from $81. The firm attributes the recent rally in the shares to optimism regarding lithium end-market demand tied to energy storage.Morgan Stanley upgraded DexCom (DXCM) to Overweight from Equal Weight with a price target o ...

Toronto, Ontario--(Newsfile Corp. - December 1, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands is pleased to announce the grand opening of their newest Heal Wellness ("Heal") location in the Bridgeland neighbourhood of Calgary, Alberta. Located at 602 1st Ave NE, this new location is operated by one of our multi-unit franchisee partners and marks Heal's 6th location in the City of Calgary, 9th opened lo ...

Toronto, Ontario--(Newsfile Corp. - November 28, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands, is pleased to announce the grand opening of its first Atlantic Canada location for Rosie's Burgers ("Rosie's") in Halifax, Nova Scotia. The opening will take place this Saturday November 29th at 5246 Blowers Street, at the corner of Blowers and Grafton (Pizza Corner). This new restaurant is the 10th Rosie's ...

Core Viewpoint - Companies with a strong history of dividend payments and increases are attractive to income-focused investors, with Open Text, Restaurant Brands, and Essential Utilities recently announcing dividend hikes and offering yields over 3% [1] Open Text - Open Text Corp. is an information management software company that assists businesses in organizing, storing, and protecting data [2] - The company has raised its dividend for 12 consecutive years, with a recent increase of 5% to $0.2750 per share, translating to an annual payout of $1.10 per share [3] - The current dividend yield for Open Text is 3.30% [3] - As of September 30, the company's annual revenue was $5.19 billion, and it reported Q1 2026 revenues of $1.29 billion and EPS of $1.05, both exceeding consensus estimates [4] Restaurant Brands International - Restaurant Brands International Inc. operates well-known quick-service restaurant brands including Tim Hortons, Burger King, Popeyes, and Firehouse Subs [5] - The company has increased its dividends for 10 consecutive years, with a recent hike from $0.58 to $0.62 per share, equating to an annual payout of $2.48 per share [6] - The current dividend yield for Restaurant Brands is 3.65% [6] - As of September 30, the company's annual revenue was $9.26 billion, and it reported Q3 2025 EPS of $1.03 and revenues of $2.45 billion, both surpassing consensus estimates [7] Essential Utilities - Essential Utilities Inc. provides water, wastewater, and natural gas services in the U.S. [7] - The company has increased its dividends for 34 consecutive years, with a recent hike of 5.25% to $0.3426 per share, resulting in an annual payout of $1.37 per share [8] - The current dividend yield for Essential Utilities is 3.54% [8]

Core Point - A federal judge has ruled against customers attempting to sue Burger King regarding the advertising of its Whopper sandwiches, stating that the claims are too varied to warrant a nationwide class action certification [1] Group 1 - The lawsuit against Burger King involves customers who allege misleading advertising related to the Whopper sandwiches [1] - The judge's decision indicates that the claims presented by the customers lack sufficient commonality to form a class action [1] - This ruling represents a significant legal hurdle for the plaintiffs seeking to challenge Burger King's advertising practices on a national scale [1]