Market movers: Stocks seeing action on Tuesday - and why [Globe and Mail, The (Toronto, Canada)]
Restaurant Brands International Inc. Common Shares (QSR)
Last restaurant brands international inc. common shares earnings: 5/1 06:30 am
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rbi.com/investor-home
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Source: Globe and Mail, The
Shares of Restaurant Brands International Inc. ) rose on Tuesday after it beat Wall Street expectations for quarterly results, driven by a revival in demand at its Burger King outlets as well as continued strength at the Tim Hortons chain. Quick service restaurants have turned focus towards offering better promotions and deals on their menu items as consumers increasingly opt for value-oriented meals in the face of sticky inflation. Separately, the company said on Tuesday it would invest an additional US$300-million towards modernizing Burger King outlets in the U.S., and will provide cash incentives to top performing restaurant operators and support outlet rebuilds and remodels. In January, the company said it would take full control of Burger King's largest U.S. franchisee Carrols Restaurant Group . “I don't want to be limiting Burger King's performance just to promotions. It's an accelerating story in a decelerating environment,” said Danilo Gargiulo, senior analyst at Ber
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QSR
News
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QSR
Earnings
- 4/30/24 - Beat
QSR
Sec Filings
- 5/17/24 - Form PX14A6G
- 5/16/24 - Form 8-K
- 5/16/24 - Form 8-K
- QSR's page on the SEC website