Wednesday, May 15, 2019

Burger King Parent Defends Strategy as Growth Cools

The Wall Street Journal
Burger King parent Restaurant Brands International Inc. is under pressure from investors to show it has a plan to boost sales at its restaurant chains.

The company, which is backed by 3G Capital and also owns Tim Hortons and Popeyes Louisiana Kitchen, boosted profit over several years by cutting costs and expanding into new markets.

Now, Burger King and Popeyes have lost some momentum. Burger King is closing underperforming restaurants as same-store sales growth has cooled. Popeyes has posted falling or flat same-store sales in the past three quarters.. . . more