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Firehouse Subs

Financing

Digital sales drive performance at parent of Burger King and Tim Hortons

Brand operator Restaurant Brands International now gets a third of its sales through digital channels. Sales at Burger King and Popeyes also improve in the U.S.

Financing

Burger King’s same-store sales fall in the U.S. but flourish internationally

Tim Hortons’ Canada sales surge, Popeyes declined and Firehouse Subs beat difficult comparisons.

The brand’s first new c-level executive in a decade comes from Tim Hortons and will oversee operations and technology

The sub chain, bought for $1 billion by Burger King owner Restaurant Brands International, generated nearly 25% two-year same-store sales in the fourth quarter.

José Cil, CEO of Burger King owner Restaurant Brands International, said staffing challenges are a long-term problem that requires long-term solutions.

Fox thought he would end his career at Burger King until he was laid off nearly 20 years ago. He has since helmed Firehouse Subs to a $1 billion valuation, paid by his former employer’s parent company.

The $1 billion deal gives the owner of Burger King, Tim Hortons and Popeyes its fourth brand. RBI is using a combination of cash and new debt to fund the purchase.

The measure passed last week prohibits employers from requiring staff vaccines unless a wide array of exemptions are also offered.

The owner of Burger King and Popeyes is adding the rapidly growing sandwich chain, citing its “long-term growth opportunity.”

The CEOs of Restaurant Brands International and Firehouse Subs bonded over their early years at Burger King. The result was a $1 billion acquisition and more international growth for the sandwich concept.

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