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Restaurant Brands International Inc (QSR.TO)

QSR.TO on Toronto Stock Exchange

82.90CAD
17 Nov 2017
Change (% chg)

$-0.24 (-0.29%)
Prev Close
$83.14
Open
$83.15
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Day's Low
$82.71
Volume
326,424
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383,362
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$88.36
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$60.01

Latest Key Developments (Source: Significant Developments)

Pershing Square Capital Management‍​ cuts sole share stake in Restaurant Brands International
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Pershing Square Capital Management::Pershing Square Capital Management‍​ cuts sole share stake in Restaurant Brands International Inc by 32.3 percent to 26.5 million shares - SEC filing.‍Pershing Square Capital Management - change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017‍​​.  Full Article

Restaurant Brands International announces intention to redeem all class A preferred shares
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Restaurant Brands International Inc :Restaurant Brands International Inc. announces intention to redeem all class A preferred shares and to repurchase 5.0 million class B exchangeable limited partnership units.Restaurant Brands - ‍intends to redeem all 68.5 million issued, outstanding class a 9.00 percent cumulative compounding perpetual voting preferred shares​.  Full Article

Restaurant brands reports Q3 ‍diluted EPS of $0.37​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Restaurant Brands International Inc :Restaurant Brands International Inc reports third quarter 2017 results.Qtrly ‍total revenues of $1,208.6 million versus $1,075.7 million in prior year period​.Restaurant Brands International Inc - Qtrly ‍diluted EPS of $0.37​.Restaurant Brands International Inc qtrly ‍total revenues of $1,208.6 million versus $1,075.7 million in prior year period​.Restaurant Brands International Inc - Qtrly ‍adjusted diluted EPS of $0.58​.Qtrly ‍comparable sales, in constant currency, of 0.3% at tim hortons​.Q3 earnings per share view $0.49, revenue view $1.20 billion -- Thomson Reuters I/B/E/S.Restaurant Brands International -Qtrly ‍comparable sales, in constant currency, of 3.6% at burger king, and negative 1.8% at popeyes louisiana kitchen​.  Full Article

Restaurant Brands extends maturity date of revolving credit facility
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Restaurant Brands International Inc ::Says on Oct 13, Co's units extended maturity date of senior secured revolving credit facility under deal dated Oct 27, 2014​.Says maturity date of ‍credit facility under credit agreement dated Oct 27, 2014 was extended from Dec 12, 2019 to Oct 13, 2022 - SEC Filing ​.Says extension was through existing revolving credit commitments termination, entry to amendment no. 3 to credit agreement​.  Full Article

Restaurant Brands International establishment of a master franchise joint venture with an investor in Great Britain
Wednesday, 31 Aug 2016 

Restaurant Brands International Inc : Establishment of a master franchise joint venture with an investor in Great Britain .Joint venture company will be master franchisee of Tim Hortons brand in England, Scotland and Wales.  Full Article

Restaurant Brands International Q2 RBI diluted EPS $0.38
Thursday, 4 Aug 2016 

Restaurant Brands International Inc : Q2 RBI diluted EPS of $0.38 . Q2 RBI adjusted diluted EPS of $0.41 . Q2 RBI total revenues of $1,040.2 million versus $1,042.2 million in prior year period . Q2 earnings per share view $0.34, revenue view $1.04 billion -- Thomson Reuters I/B/E/S .Q2 Tim Hortons comparable sales increased 2.7 percent and Burger King comparable sales increased 0.6 percent in constant currency.  Full Article

Restaurant Brands International announces adoption of share repurchase authorization
Thursday, 4 Aug 2016 

Restaurant Brands International Inc : Announces adoption of share repurchase authorization and commencement of normal course issuer bid . Board approved share repurchase pursuant to which co may purchase up to U.S. $300 million of common shares over next 5 years .Repurchases under repurchase authorization will be funded using RBI's cash resources.  Full Article

Restaurant Brands announces master franchise JV
Thursday, 28 Jul 2016 

Restaurant Brands International Inc : Restaurant Brands International Inc announces master franchise joint venture to develop and grow the Tim Hortons® brand in the Philippines .Joint venture company will be master franchisee of Tim Hortons brand in Philippines.  Full Article

Restaurant Brands International Inc to grow Burger King in Spain through JV
Thursday, 11 Feb 2016 

Restaurant Brands International Inc:Announces joint venture to grow Burger King brand in Spain.Establishment of BK Spain 2016, S.L., the joint venture between Burger King Europe Gmbh and the shareholder of BK Qmi Spain, S.L.BK Spain has signed a long-term master franchise and development agreement, which includes sub-franchise rights for Spain.  Full Article

Restaurant Brands International Inc - Franchises appeal Seattle minimum wage case to U.S. Supreme Court - Reuters
Tuesday, 26 Jan 2016 

Restaurant Brands International Inc:A business group said on Monday it was asking the U.S. Supreme Court to hear its appeal of a lower-court ruling tossing out its challenge of part of Seattle's law to increase the minimum wage - RTRS.The International Franchise Association, which brought its lawsuit against the city in June 2014, says the law favors independent businesses because it requires franchises like McDonald's and Burger King to phase in the new $15 minimum wage more quickly - RTRS.The association's lawsuit challenges the law's treatment of franchises as subsidiaries of parent companies, rather than completely separate businesses - RTRS.Representatives for the city could not be immediately reached for comment. Commenting on the lawsuit last year, Seattle Mayor Ed Murray, a Democrat who championed the wage hike, said: - RTRS."Rather than investing in lawyers to prevent workers from earning higher wages, it is time for these large businesses to begin investing in a higher minimum wage for their employees." - RTRS.A federal judge last March denied the group's lawsuit, saying it failed to back up its discrimination claims. The 9th U.S. Circuit Court of Appeals upheld that decision in September - RTRS.The law, which took effect on April 1 last year, requires businesses in Seattle with more than 500 employees nationwide to raise their minimum wage to $15 by 2018. Smaller companies have until 2021. - RTRS.  Full Article

BRIEF-Pershing Square Capital Management‍​ cuts sole share stake in Restaurant Brands International

* Pershing Square Capital Management‍​ cuts sole share stake in Restaurant Brands International Inc by 32.3 percent to 26.5 million shares - SEC filing