In this file:
· Burger King's Parent Company Cooks Up Planned Expansion to 40,000 Restaurants
· Restaurant Brands to expand Burger King, Tim Hortons and Popeyes to 40,000 restaurants globally
Burger King's Parent Company Cooks Up Planned Expansion to 40,000 Restaurants
Restaurant Brands International announces plans to expand to 40,000 restaurants worldwide.
Rob Lenihan, TheStreet
May 15, 2019
Restaurant Brands International (QSR - Get Report) , owner of Burger King, Tim Hortons, and Popeyes, said Wednesday that it plans to expand to more than 40,000 restaurants globally over the next eight to 10 years in a bid to become one of the largest restaurant chains in the world.
The Toronto-based company said it currently has about 26,000 restaurants, which grew from about 12,000 in 2010. System-wide sales increased from about $15 billion to over $32 billion in the same time period.
Restaurant Brands, which is hosting its first investor day in New York on Wednesday, said that the five-year outlook for growth in the global burger market is expected at 5% annually and growth in the global coffee and chicken markets is expected to be 6% annually.
"RBI is fundamentally a growth company, with three amazing, iconic brands that we believe have a very long runway for growth - both at home and around the world," CEO Jose Cil said in a statement.
Last month, the company...
Restaurant Brands to expand Burger King, Tim Hortons and Popeyes to 40,000 restaurants globally
By Ciara Linnane, MarketWatch
May 15, 2019
Restaurant Brands International Inc. said Tuesday it is planning to expand its Burger King, Tim Hortons and Popeyes brands to more than 40,000 restaurants around the world, making it one of the biggest restaurant chains in the world.
The company currently has about 26,000 restaurants and has grown system-wide sales to more than $32 billion today from $15 billion in 2010, the company said in a statement released ahead of an investor day.
Restaurant Brands expects its coffee, burger and chicken markets to grow 5% to 6% a year for the next five years. Shares...