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QSR / Burger King owner says partner in Russia won't shutter 800 restaurants

Burger King's parent company, Restaurant Brands International (TSX:QSR) (Restaurant Brands International (TSX:QSR)), has said its Russian independent operator has "refused" to close its 800 restaurants despite requests to suspend operations. Following the Kremlin's continued attacks on Ukraine, the Restaurant Brands chain announced last week that it would suspend all corporate and marketing support for its 800-plus franchised outlets in Russia The Russian chain is a joint venture with businessman Alexander Kolobov, a Ukrainian investment firm and Russia's VTB Capital, now sanctioned by the US as an affiliate of a major Russian bank. Read More

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Posted: Mar 18 2022, 05:35

Author Name: Proactive Investors

QSR News

By Yahoo Finance
November 4, 2023

Why chicken could help Burger King make a comeback

This segment was previously recorded on November 3, 2023. Shares of Restaurant Brands International (QSR) moved lower in early trading on Friday after

By Investopedia
November 3, 2023

Restaurant Brands Shares Drop as Revenue Misses Estimates on Slowing Burger King Growth

A slowdown in sales growth at Burger King dragged down results at the burger chain's owner, Restaurant Brands International (QSR). Shares of the compa

By PYMNTS
November 3, 2023

Burger King Owner Sees Drive-Thru Hold Back Digital Transformation

As Restaurant Brands International (RBI) looks to reach 100% digital sales, the drive-thru channel remains a sticking point. The quick-service rest

By CNBC Television
November 3, 2023

RBI CEO Josh Kobza: We are seeing big improvements in franchise profitability

Josh Kobza, Restaurant Brands International CEO, joins 'Squawk on the Street' to discuss their latest earnings, how the company plans to accelerate sa

By Zacks Investment Research
November 3, 2023

Restaurant Brands (QSR) Q3 Earnings Top, Revenues Lag Estimates

Restaurant Brands (QSR) third-quarter 2023 results are aided by robust system-wide sales across its segments.

By Proactive Investors
November 3, 2023

Burger King, Tim Hortons parent Restaurant Brands shares decline on mixed 3Q

Restaurant Brands International (TSX:QSR, NYSE:QSR) has reported third-quarter revenue that missed expectations but an earnings beat, sending its sha

By CNBC
November 3, 2023

Restaurant Brands' revenue misses estimates, hurt by Burger King's underperformance

Burger King parent Restaurant Brands International's quarterly revenue fell short of Wall Street's expectations.

By Market Watch
November 3, 2023

Burger King parent Restaurant Brands tops Q3 profit estimates

Restaurant Brands International Inc. QSR, +3.03% said Friday it had net income of $252 million, or 79 cents a share, in the third quarter, down from $

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