Restaurant Brands International has formed a joint venture with CPE, a Chinese asset manager, to enhance its market presence and accelerate the expansion of Burger King in China, capitalizing on the growing demand for quick-service dining in the region.

Information on the target

Restaurant Brands International (RBI) is a global leader in the quick-service restaurant industry, known for its iconic brands including Burger King, Tim Hortons, and Popeyes. The company has demonstrated robust performance in recent quarters, reporting earnings and revenue that exceeded market expectations, driven by significant international growth. However, challenges remain, particularly in the U.S. market, where the modernization of Burger King locations has faced delays due to rising costs.

For the fourth quarter ended December 31, RBI reported a net income attributable to shareholders of $113 million, translating to 34 cents per share, a decrease from $259 million or 79 cents per share in the previous year. Despite these challenges, the company achieved a revenue of $2.47 billion, reflecting a 7.4% increase year-over-year, showcasing its resilience in a competitive landscape.

Industry overview in the target’s specific country

The quick-service restaurant industry in the United States has been undergoing significant transformation, driven by changing consumer preferences and economic pressures. While the sector has seen a rebound post-pandemic, ri