Asian Stocks Mixed Ahead of Trump-Xi Meeting 
European Stocks Slip as Iran Tensions Offset Strong Eurozone Data 
France Debt-to-GDP Ratio Seen Hitting Record 119.3% in 2026 
China Vanke Shares Jump as Beijing Moves to Ease Debt Pressure 
FAA Allows Boeing to Sell 35 More 777F Freighters Beyond 2028 
Petrobras Joins Brazil’s New Diesel Subsidy Program 
Trump Plans Federal AI Force and AI Czar 
South Korea to Brief Lawmakers on $350 Billion US Investment Package 
Prysmian, Rio Tinto Supply Low-Carbon Cables for Amazon Ohio Data Center 
Nike Earnings at Risk as UBS Cuts Price Target to $42 
UK Home Asking Prices Rise for First Time Since May 
Gold Prices Slip as Strong Dollar and Hawkish Fed Pressure Bullion 
CNN, MS NOW and Politico Sue Trump Over White House Media Ban 
Apple Pay Set for India Launch With Axis Bank 
Microsoft Stock Upgraded as Stifel Sees Stronger Azure Growth 
Add as a preferred source on Google
Tim Hortons, Burger King, and Wendy’s owner, Restaurant Brands International, said on Tuesday, Feb. 14, that it has recorded strong sales in the fourth quarter. As per CNBC, the Canada-based fast-food holding company also missed on earnings but slightly only.
Moreover, compared to business analysts’ predictions, Restaurant Brands International was able to beat the revenue expectations. The firm that operates some leading fast-food chains including Burger King, Wendy’s and Tim Hortons is now heading to its new fiscal year and reportedly preparing to speed up the pace of its growth for the next five to 10 years.
"We rounded out an exciting 2022 with another strong quarter, including nearly 8% consolidated comparable sales and 4% net restaurant growth, reflecting the strength of four iconic, global brands,” RBI’s chief executive officer, José Cil, said in a press release for the company’s full-year and fourth quarter 2022 results report.
He added, "We are focused on being guest-led in everything we do, setting our franchisees up for long-term success and as a result, setting ourselves, and our shareholders, up for long-term value creation. I'd like to thank our employees, franchisees, and team members for all their hard work and dedication throughout 2022."
In any case, aside from the financial report, RBI also announced that CEO José Cil is set to step down and will be replaced by Joshua Kobza who is currently serving the firm as chief operating officer. He will be taking over the chief role starting March 1. Then again, Cil will be staying with RBI for a year as an advisor. He is expected to help the company with the transition during that period.
"The Board of Directors has worked with management to build a thoughtful succession plan for key positions, so this is a natural transition for Josh to lead our next phase of growth,” RBI board chairman, Patrick Doyle, stated. "On behalf of the Board of Directors, I want to thank José for his unwavering dedication and passion for growing our restaurant brands and for the progress we have made, most recently evidenced by our latest quarterly results.”
Photo by: Danny Ouimet/Unsplash
