SHANGHAI, China and NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- 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)). Public Relations patty.yu@timschina.com The company's philosophy is rooted in world-class execution and data-driven ...

RBI Acquires Popeyes China and Plans to Accelerate Growth Co-investment alongside Cartesian Capital in Tims China Business RBI has agreed to acquire the Popeyes China business from Tims China on a cash-free debt-free basis based on an enterprise value of $15M. Following the transaction, RBI will own and operate Popeyes China, which opened its first restaurant in August 2023 and has 14 restaurants in Shanghai today. The pace of restaurant growth is expected to ramp up through investments in local teams and r ...

Growth Drivers Restaurant Brands sees immense potential to expand its brands globally by strengthening the company's presence in existing markets and venturing into new ones. QSR is actively exploring avenues to accelerate the international growth of all three brands by establishing master franchisees with exclusive development rights and forming joint ventures with its new and existing franchisees. In the first quarter of 2024, QSR faced adverse effects on its performance owing to the softer consumer backd ...

"It is a great feeling when a franchisee opens our brands first-ever franchised location and then signs on for their second location just a few short months later. After successfully opening our Beaches location in Toronto on March 15, our franchisee David Lamph has signed for a second location in Toronto in the St. Clair and Bathurst area. This new location with be another first for the Heal brand as they share space with Philosophy Fitness one of Toronto's top gyms." said Sean Black, Chief Investment Offi ...

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)-950-0062 for Canadian callers, and 1 (929)-526-1599 for callers from other countries. For all dial-in numbers please use the following access code: 065181. SOURCE Restaurant Brands International Inc. TORONTO , June 1 ...

The same is true for any company that produces a good or offers a service. If the economic factors behind the process become too expensive to profit from, the company's revenues, profit margins, and ultimately, its share value will go down. As the owner of several low-cost and famous fast-food brands like KFC and Pizza Hut Yum! Brands (NYSE:YUM) is subject to the same decrease in consumer discretionary spending as Uber. The difference is, however, in perception. With YUM, consumers may struggle to justify p ...

QSR stock has witnessed gains of 15% from levels of $60 in early January 2021 to around $68 now, vs. an increase of about 45% for the S&P 500 over this roughly 3-year period. However, the increase in QSR stock has been far from consistent. Returns for the stock were -1% in 2021, 7% in 2022, and 21% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 24% in 2023 - indicating that QSR underperformed the S&P in 2021 and 2023. Getty Images In fact, consistently beating the S ...

TORONTO, June 10, 2024 /PRNewswire/ - Restaurant Brands International Inc. (TSX: QSR) (NYSE: QSR) (TSX: QSP) ("RBI") announced today that Chief Executive Officer, Josh Kobza, and Executive Chairman, Patrick Doyle, will participate in a fireside chat at the Evercore ISI Consumer and Retail Conference on June 13, 2024 at 9:30am Eastern Time. About Restaurant Brands International Inc. A live audio webcast will be available on the company's investor relations website (http://rbi.com/investors) and will be avail ...

RBI Raises $1.2B of 6.125% Senior Secured Notes due 2029 to Refinance a Portion of its Existing Term Loan B Facility RBI to Reprice its Existing Term Loan B Facility due September 2030 from SOFR plus 2.25% to SOFR plus 1.75% Transactions are Expected to be Net Leverage Neutral and Expected to Result in Annualized Net Interest Savings RBI expects to use the net proceeds from the offering of the Notes to refinance a portion of the Issuers' existing term loan B facility due in September 2030 (the "Term Loan B ...

The total number of eligible votes represented in person or by proxy at the meeting was 402,555,067 representing 89.5% of all eligible votes. Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with over $40 billion in annual system-wide sales and over 30,000 restaurants in more than 120 countries and territories. RBI owns four of the world's most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS® ...