Restaurant Brands International Inc

Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with nearly $49 billion in annual system-wide sales and over 33,000 restaurants in more than 120 countries and territories. RBI owns four prominent quick service restaurant brands — Tim Hortons, Burger King, Popeyes, and Firehouse Subs. The company operates primarily through a franchise model, with over 95% of system-wide restaurants being franchised. RBI has six reportable segments: four franchisor segments for its brands in the U.S. and Canada (TH, BK, PLK, FHS), a fifth franchisor segment for all brands internationally (INTL), and a sixth segment (Restaurant Holdings) encompassing company-operated Burger King restaurants acquired through the Carrols Restaurant Group acquisition, as well as Popeyes China and Firehouse Subs Brazil operations. The company is actively refranchising the Carrols Burger King restaurants and seeking partners for its international start-up businesses. Tim Hortons operates a significant supply chain business in Canada, while Burger King is executing a multi-year 'Reclaim the Flame' turnaround plan including up to $700 million in investments through 2028. Updated Aug 6, 2026