RBI

Mixed balance of Burger King's parent company

Unprofitable restaurants of the RBI brands Burger King, Tim Hortons and Popeyes could soon be closed.
imago images / Dean Pictures
Unprofitable restaurants of the RBI brands Burger King, Tim Hortons and Popeyes could soon be closed.

Burger King's parent company, Popeyes and Tim Hortons reported a 25 percent decline in sales for the second quarter (ending June 30).

"During this crisis, the strength of our drive-thru, digital and delivery channels has been a particularly important differentiator, as guests have expected a combination of security, convenience, quality and value that few can offer. It has been encouraging to see that our investments in digital channels have resulted in significant revenue growth in the quarter and we are pleased to report that in our home markets, digital brand sales have grown by more than 120 percent year-on-year and more than 30 percent quarter-on-quarter".

According to the online portal Restaurant Business, several hundred restaurants of the RBI Group could be closed in the wake of the Corona Pandemic. However, the company expects to eventually replace the weaker restaurants with new locations in better areas. RBI is working closely with the franchisees to identify unprofitable locations.


About RBI
Restaurant Brands International Inc. is one of the world's largest fast food companies with annual system-wide sales of approximately $32 billion and over 27,000 restaurants in more than 100 countries and territories.




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