Tim Hortons parent RBI plans to expand all three brands globally to 40,000 outlets
Source The Financial Post
Restaurant Brands International Inc said on Wednesday it plans to
expand the global presence of all three of its brands to more than
40,000 restaurants, from the current 26,000, over the next decade.
owner of Burger King, Tim Hortons and Popeyes Louisiana Kitchen is
aiming to boost its businesses by deploying various initiatives that
range from app-based ordering to loyalty programs for its customers.
Brands, which is scheduled to hold its investor day later in the day,
expects its coffee, burger and chicken markets to grow between 5 per
cent and 6 per cent per year over the next 5 years.
which has been affected by slowing growth at its three iconic brands,
had brought in the head of its Burger King unit, Jose Cil, as its chief
executive officer earlier this year.
Last month, the company
reported a 0.6 per cent drop in comparable sales at Tim Hortons for the
quarter ended March 31, while same-store sales at Burger King grew 2.2
per cent, less than 3.8 per cent a year earlier.