Hundreds of Burger Kings have closed, but company remains and is investing | Fact check [USA TODAY]
Restaurant Brands International Inc. Common Shares (QSR)
Last restaurant brands international inc. common shares earnings: 5/1 06:30 am
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Source: USA TODAY
“Fast Food Giant Announces It's CLOSING Its Doors for good!!” reads the post. It was shared more than 100 times in two days. Other versions of the claim spread widely on Facebook Our rating: False The Burger King chain isn't closing. A company executive announced in 2023 that it would close up to 400 locations by the end of that year, but the company has also invested millions of dollars in revamping existing locations. Burger King has closed restaurants, chain remains active Nothing in Burger King's news releases or social media posts indicates the fast-food chain is closing all its locations, nor is there any such announcement from its parent company, Restaurant Brands International . No reputable media outlets have reported the company is going out of business. However, some individual Burger King locations have closed. Restaurant Brands International CEO Joshua Kobza said in a May 2023 call that as many as 400 Burger King locations could be closed by the end of that
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QSR
News
- Stan Wong's Top Picks: May 2, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- Restaurant Brands International Inc. (NYSE: QSR) had its price target raised by analysts at Loop Capital from $86.00 to $93.00. They now have a "buy" rating on the stock.MarketBeat
- Restaurant Brands International Inc. (NYSE: QSR) had its price target raised by analysts at Citigroup Inc. from $78.00 to $79.00. They now have a "neutral" rating on the stock.MarketBeat
- Restaurant Brands International Inc. (NYSE: QSR) had its price target raised by analysts at Barclays PLC from $87.00 to $89.00. They now have an "overweight" rating on the stock.MarketBeat
- Restaurant Brands International Inc. (NYSE: QSR) had its price target raised by analysts at TD Securities from $84.00 to $88.00. They now have a "buy" rating on the stock.MarketBeat
QSR
Earnings
- 4/30/24 - Beat
QSR
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form PX14A6G
- 4/30/24 - Form 10-Q
- QSR's page on the SEC website