About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...

Restaurant Brands International is buying Carrols Restaurant Group, the largest Burger King franchisee in the U.S., for about $1 billion in cash.Restaurant Brands will pay $9.55 per share to acquire Carrols, which operates more than 1,000 Burger King restaurants and 60 Popeyes locations. Carrols' stock closed at $8.42 on Friday, giving it a market value of $459 million. The company's shares jumped more than 12% in premarket trading Tuesday.The deal is expected to be completed by the second quarter of 2024.T ...

Burger King, which is owned by Restaurant Brands International Inc. QSR, +0.33%, announced Tuesday an agreement to buy Burger King franchisee Carrols Restaurant Group Inc. TAST, +0.72% in a deal valued at $1 billion. Under terms of the deal, Carrols shareholders will receive $9.55 in cash for each Carrols share they own, which represents a 13.4% premium over Friday’s closing price of $8.42. The stock was halted for news in the premarket until 7:30 a.m. Eastern, while Restaurant Brands shares were indicated ...

Burger King to remodel acquired restaurants over the next 5 years, accelerating Burger King's path to modern image Over time, Burger King to refranchise large majority of newly remodeled restaurants to smaller franchisee groups TORONTO, Jan. 16, 2024 /PRNewswire/ -- Restaurant Brands International Inc. ("RBI" or the "Company") (TSX: QSR) (NYSE: QSR) (TSX: QSP) and Carrols Restaurant Group, Inc. ("Carrols") (NASDAQ: TAST) today announced that they have reached an agreement for RBI to acquire all of Carrols ...

SHANGHAI, China, Jan. 16, 2024 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, announces the opening of the first seven Tims China stores in Shanghai Metro stations. The partnership will be expanded to include more Tims coffee shops in "Line 14" stations. The Tims coffee shops are conveniently located within the metro stations so commuters can grab a coffee on the go. The stores offer new and exc ...

Restaurant Brands International Inc. (QSR) reached a new 52-week high of $79.45 on Jan 10. The stock pulled back to end the trading session at $78.63, up 0.9% from the previous day’s closing price of $77.91.The current Zacks Rank #2 (Buy) company’s shares gained 25.1% in the past three months, outperforming the Zacks Retail - Restaurants industry’s 14.3% growth, the Zacks Retail-Wholesale sector’s 14.8% increase and the S&P 500 Index’s 9.5% rise.The company is benefiting from its expansion initiatives, menu ...

SHANGHAI, China, Jan. 09, 2024 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, announces the grand opening of its 10th Popeyes store in Shanghai, marking a significant milestone. Queues at Popeyes Shanghai restaurant on opening day In March, Tims China acquired the exclusive rights to operate and franchise Popeyes in mainland China and Macau. Since then, Tims China has repositioned the Popeyes b ...

New Segments Provide Enhanced Disclosure on International and Home Market BusinessesRBI to Report Under New Segments Beginning with Year-End 2023 Results on February 13, 2024TORONTO, Jan. 8, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI", "the Company") (TSX: QSR) (NYSE: QSR) (TSX: QSP) today announced details of its shift in reportable segments and definition of segment income. Segment Contribution: LTM September 30, 2023 (CNW Group/Restaurant Brands International Inc.) Beginning with ...

SHANGHAI, China, Dec. 21, 2023 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, has partnered with ride-hailing company DiDi Chuxing ("DiDi") as part of a brand-building campaign. This new partnership focuses on cross-brand and cross-channel marketing, leveraging Didi's large customer base to bolster awareness of the Tims China brand. DiDi app users who hailed rides between November 27 and Decembe ...

Restaurant Brands International Inc. (NYSE:QSR) Q3 2023 Earnings Conference Call November 3, 2023 8:30 AM ET Company Participants Kendall Peck - Head of Investor Relations Josh Kobza - Chief Executive Officer Matt Dunnigan - Chief Financial Officer Patrick Doyle - Executive Chairman Conference Call Participants Dennis Geiger - UBS Brian Bittner - Oppenheimer David Palmer - Evercore ISI Andrew Charles - TD Cowen Lauren Silberman - Deutsche Bank John Ivankoe - JPMorgan Eric Gonzalez - KeyBanc Capital Markets ...