Burger King Owner Restaurant Brands Buying Popeyes For $1.8 Billion

Restaurant Brands, the company that owns Burger King and Tim Hortons, is buying Popeyes Louisiana Kitchen for nearly $2 billion. Shares of both companies surge on the news. The deal is a win for Warren Buffett, too.

BING NEWS:
  • Fast food operators rushing to use AI in the wake of minimum wage hikes
    In the wake of the new $20 minimum wage for industry workers, quick-service restaurants in California are accelerating and expanding their use of technology.
    05/1/2024 - 7:19 am | View Link
  • Restaurant Brands' Patrick Doyle says Burger King's varied prices help customers burdened by inflation
    The company owns a number of fast food chains, including Burger King, Popeyes and Tim Hortons. Restaurant Brands International's Executive Chairman Patrick Doyle discussed the state of the consumer ...
    04/30/2024 - 1:00 pm | View Link
  • Restaurant Brands International reports US$328 Q1 net income, sales up from year ago
    As Tim Hortons and Burger King's parent company saw its profit rise 18 per cent in its latest quarter, its chief executive noticed a broader trend taking hold across the industry: slowing sales.
    04/30/2024 - 5:49 am | View Link
  • Burger King Parent Restaurant Brands Eyes Expansion Goals After Q1 Beat: Details
    Restaurant Brands posts Q1 revenue of $1.739 billion ... Comparable sales for Tim Hortons rose 6.9%, Burger King increased 3.8%, and Popeyes Louisiana Kitchen grew 5.7%. Revenue for Tim Hortons ...
    04/30/2024 - 12:41 am | View Link
  • Down 6% YTD, Will Restaurant Brands Stock Gain Following Q1 Results?
    The revenue stream of QSR is directly influenced by the system sales it generates across its brands, which can be increased by growing restaurant sales or adding as many restaurants as possible. Tim ...
    04/29/2024 - 4:00 am | View Link
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