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Stock impact report

Burger King targets over 4,000 restaurants in China by 2035 [Yahoo! Finance]

Restaurant Brands International Inc. Common Shares (QSR) 
Last restaurant brands international inc. common shares earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: rbi.com/investor-home
Company Research Source: Yahoo! Finance
Burger King is targeting more than 4,000 restaurants in China by 2035, from its current footprint of about 1,250 in the market. The goal was reiterated upon the completion of a joint venture between parent company Restaurant Brands International and investment firm CPE, previously announced in November .  The joint venture includes a $350 million investment of primary capital from CPE to support the burger chain's growth, marketing, menu innovation, and operations. With the joint venture, Burger King is expected to leverage CPE's local knowledge to accelerate development. It also fits into RBI's previously disclosed target of hitting 5%-plus net restaurant growth toward the end of its 2024 to 2028 outlook period.  CPE now owns approximately 83% of the business, with RBI retaining a 17% minority interest and a seat on the board of directors.  Additionally, the transaction fits into RBI's plan to return to a more simplified, highly franchised business, the company said. Under the Show less Read more
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