Restaurant Brands International plans to expand

Company aims to have more than 40,000 Burger King, Tim Hortons and Popeyes restaurants globally over next 8-10 years.

May 20, 2019

1 Min Read

Restaurant Brands International Inc. (RBI) recently hosted its first investor day in New York City to outline growth plans for Burger King, Tim Hortons and Popeyes, including plans to grow from approximately 26,000 restaurants to more than 40,000 restaurants globally over the next 8-10 years. This will make RBI one of the largest restaurant companies in the world, the company said.

RBI is well positioned to take advantage of compelling long-term growth in the global quick-service restaurant market, with the five-year outlook for growth in the global burger market expected to be 5% annually and growth in the global coffee and chicken markets expected to be 6% annually.

Over the past few years, RBI has built a master franchise network in global markets to drive significant growth in its restaurant brands, resulting in the expansion of its restaurant base from approximately 12,000 in 2010 to nearly 26,000 today and growing system-wide sales from $15 billion to more than $32 billion in the same time period.

"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,” RBI chief executive officer Jose Cil said. “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."

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