Restaurant Brands to expand Burger King, Tim Hortons & Popeyes to 40,000 outlets globally

Restaurant Brands International Inc is planning to expand the global presence of its three brands, Burger King, Tim Hortons and Popeyes Louisiana Kitchen, to more than 40,000 restaurants over the next 8-10 years. With this, Restaurant Brands International will be one of the largest restaurant companies in the world.

Currently, these three brands have 26,000 outlets. Restaurant Brands aims to boost its businesses by deploying various initiatives ranging from app-based ordering to loyalty programs for its customers.

The company is expecting its coffee, burger and chicken markets to grow between 5% and 6% per year over the next 5 years.

Last month, Restaurant Brands posted a 0.6% drop in comparable sales at Tim Hortons for the quarter ended March 31, while same-store sales at Burger King grew 2.2%, less than 3.8% a year earlier. 

Jose Cil, Chief Executive Officer, Restaurant Brands International Inc, said, "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. We have a proven history of generating very strong returns for our shareholders and today we are excited to share more insight than we ever have before to support our belief that all three brands have substantial growth ahead."