08:24:22 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Restaurant Brands International Inc
Symbol QSR
Shares Issued 316,382,439
Close 2024-04-30 C$ 104.44
Market Cap C$ 33,042,981,929
Recent Sedar Documents

Globe says RBI enjoys 18% increase in Q1 profit

2024-05-01 08:17 ET - In the News

The Globe and Mail reports in its Wednesday edition that Restaurant Brands International on Tuesday posted an 18-per-cent increase in profit in its first quarter as demand rose for its fast-food offerings. The Globe's Susan Krashinsky writes that the results stood in contrast to McDonald's, which reported slowing sales growth on Tuesday as consumers have become "more discriminating" in their spending. People have visited restaurants less frequently as companies have increased menu prices in recent years to offset rising prices for ingredients. Some fast-food chains have offered value items on their menus to compete for customers. Toronto-based Restaurant Brands, which owns Tim Hortons, Burger King, Popeyes Louisiana Kitchen and Firehouse Subs, reported that traffic increased at many of its restaurants, with growth in sales led by Tim Hortons in Canada. The company reported net income of $328-million or 72 cents per share in the quarter ended March 31, compared wit $277-million or 61 cents in the same period the prior year (all figures U.S.). Also on Tuesday, the company announced plans to spend $300-million on remodelling another 1,100 of its Burger King restaurants in the United States from 2025 to 2028.

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