Tim Hortons' parent company names new CEO; plans to open first outlet in China [Toronto Globe and Mail (Ontario, 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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Source: Toronto Globe and Mail
Tim Hortons' parent company names new CEO; plans to open first outlet in China Tim Hortons' owner Restaurant Brands International Inc. has appointed a new chief executive as the company revives growth at its coffee chain and readies to open the first Tims in China. José Cil is the new CEO of RBI, which owns Tim Hortons, Burger King and Popeyes Louisiana Kitchen. Mr. Cil had been president of Burger King since 214. He replaces Daniel Schwartz, the 38-year-old who led the founding of RBI in 214 and will continue to oversee the company as executive chairman. RBI announced the changes on Wednesday as it also published some early fourth-quarter results, which were better than analysts expected. The numbers in particular showed a turnaround at Tim Hortons, which has struggled in part because of frayed relations between RBI and some of the coffee chain’s franchisees. Tim Hortons' same-store sales rose .6 per cent in 218 – including a 1.9-per-cent gain in the fourth quarter – compared with a
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QSR
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- 2/13/24 - Beat
QSR
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- QSR's page on the SEC website