Reading Time: 2 minutes Reuters — Restaurant Brands International, owner of Burger King and Tim Hortons, reported a second straight quarter of decline in comparable sales at Burger King in the U.S. and Canada. The company’s U.S.-listed shares, which had risen about 26 per cent this year up to Friday’s close, fell as much as three per cent despite […] Read more
Slowing sales at Burger King push parent’s shares down
Burger King, Tim’s owner says 2016 off to ‘great start’
Reading Time: 2 minutes Reuters — Restaurant Brands International said it was off to a “great start” this year, after new product launches at its Burger King and Tim Hortons chains in 2015 helped boost sales in a highly competitive market. Shares of the Ontario-based company, which reported a better-than-expected quarterly profit on Tuesday, rose as much as nine […] Read more
Maple Leaf to cut 400 middle-management jobs
Reading Time: 2 minutes Reuters — Maple Leaf Foods said Wednesday it would cut 400 management jobs, or about three per cent of its workforce, saying it was ready to streamline operations after starting up Canada’s biggest meat plant. Maple Leaf, one of the country’s biggest pork processors, said the majority of the job cuts would be completed by […] Read more
Tim Hortons owner profit beats Street on lower costs, new items
Reading Time: 2 minutes Reuters — Restaurant Brands International, owner of Burger King and Tim Hortons, reported a better-than-expected quarterly profit, helped by new menu items and lower costs. Most of Restaurant Brands outlets are in the U.S. and Canada. But the company has been opening new restaurants in France, Brazil, Russia and India, following its peers such as […] Read more
A message from April Stewart, Country Guide's Associate Editor
