{"id":73033,"date":"2026-05-06T18:35:39","date_gmt":"2026-05-06T18:35:39","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/05\/06\/rbi-parent-of-tim-hortons-planning-huge-investments-in-canadian-markets\/"},"modified":"2026-05-06T18:35:39","modified_gmt":"2026-05-06T18:35:39","slug":"rbi-parent-of-tim-hortons-planning-huge-investments-in-canadian-markets","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/05\/06\/rbi-parent-of-tim-hortons-planning-huge-investments-in-canadian-markets\/","title":{"rendered":"RBI, parent of Tim Hortons, planning &#039;huge investments&#039; in Canadian markets"},"content":{"rendered":"<p> \n<br \/><iframe loading=\"lazy\" title=\"Food prices more volatile than ever before\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/9Ch-_XOye-Y?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p> <span>The parent company of Tim Hortons says it plans to invest more in Canada this year as it accelerates the pace of the coffee chain\u2019s remodels and new store openings.<\/span><span> <\/span> <\/p>\n<p> <span>Restaurant Brands International Inc. (RBI) is planning more than 300 remodels and will inject \u201chundreds of millions of dollars of investments\u201d back into local markets, chief executive Josh Kobza said during the company\u2019s first quarter earnings call on Wednesday.<\/span><span> <\/span> <\/p>\n<p> <span>\u201cWe\u2019re going to be opening up restaurants and bringing Tims to new markets and new communities,\u201d he said. \u201cWe\u2019re making huge investments that I think almost nobody else is making or can make in Canada.\u201d<\/span><span> <\/span> <\/p>\n<p> <span>RBI reported US$338 million in net income attributable to common shareholders for the three months ending March 31, up from US$159 million a year earlier. Diluted earnings per share were US$0.97 cents, up from US$0.49 cents a year earlier.<\/span><span> <\/span> <\/p>\n<p> <span>Revenue for RBI, which also owns Burger King, Popeyes and Firehouse Subs, increased from US$2.11 billion to US$2.26 billion.<\/span><span> <\/span> <\/p>\n<p> <span>System-wide sales grew 2.4 per cent for Tim Hortons, which represents 41 per cent of RBI\u2019s operating profit. Kobza said the chain marked 20 consecutive quarters of positive same-store sales, which were up 1.6 per cent year over year. <\/span><span> <\/span> <\/p>\n<p> <span>The company reported 4,569 Tim Hortons locations at the end of the quarter, up from 4,523 last year.<\/span><span> <\/span> <\/p>\n<p> <span>Kobza attributed Tims\u2019 \u201cbroad-based\u201d growth to strength in both morning and late-night sales, largely of cold beverages and breakfast foods.<\/span><span> <\/span> <\/p>\n<p> <span>That\u2019s despite \u201cmacro softness\u201d in Canada\u2019s economy, which Kobza said reflected higher gas prices weighing on consumers\u2019 confidence and a particularly rough winter in the large Toronto market.<\/span><span> <\/span> <\/p>\n<p> <span>\u201cOur job, I think, is to deliver throughout any ups and downs that you see in the short run, and I think those things tend to even out over the medium term,\u201d said Kobza.<\/span><span> <\/span> <\/p>\n<p> <span>RBI\u2019s same-store sales increased 3.2 per cent, driven by strong showings from Burger King and the company\u2019s international business, which Kobza said continues to be a \u201creliable\u201d source of growth. He highlighted strong performances during the quarter in China, Japan, South Korea and Australia.<\/span><span> <\/span> <\/p>\n<p> <span>Burger King led RBI\u2019s four fast-food brands in comparable sales growth, which increased 5.8 per cent during the quarter. RBI is continuing to work on its four-year plan to grow the burger chain\u2019s sales by renovating and modernizing U.S. locations, revamping its signature Whopper burger and improving digital operations. <\/span><span> <\/span> <\/p>\n<p> <span>Chief financial officer Sami Siddiqui said the company has also faced \u201cunprecedented\u201d pressure from high beef prices over the last year.<\/span><span> <\/span> <\/p>\n<p> <span>\u201cWe are closely monitoring beef costs and expect normalization over time, with relief now anticipated closer to 2027,\u201d he said.<\/span><span> <\/span> <\/p>\n<p> <span>Siddiqui said the company is on track to open around 1,800 net new restaurants per year by 2028, which includes between 300 and 400 in Canada and the U.S. <\/span><span> <\/span> <\/p>\n<p> <span>RBI started repurchasing shares in March for the first time in two years, buying <\/span><span>463,442 common shares for US$34 million during the quarter. Between March 31 and April 30, it repurchased another 337,204 common shares for US$26 million. As of April 30, the company had US$940 million remaining under its share buyback program.<\/span><span> <\/span> <\/p>\n<p> <span>Siddiqui said RBI is on track to repurchase roughly US$500 million in shares for the full year.<\/span><span> <\/span> <\/p>\n<ul class=\"related_links\">\n<li>Tim Hortons&#8217; parent RBI posts higher revenue, lower profit<\/li>\n<li>What fast food&#8217;s downturn says about the U.S. economy<\/li>\n<\/ul>\n<p> <span>The company also declared a dividend <\/span><span>of US$0.65 per common share and partnership exchangeable unit of <\/span><span>Restaurant Brands International Limited Partnership<\/span><span>.<\/span><span> <\/span> <\/p>\n<p> <span>\u201c<\/span><span>In total, we returned approximately (US)$315 million of capital to shareholders in Q1, through dividends and share repurchases,<\/span><span>\u201d said Siddiqui.<\/span><span> <\/span> <\/p>\n<p> <span>Shares of RBI were trading lower on Wednesday afternoon, but the company\u2019s stock is up nearly 12 per cent over the last year.<\/span> <\/p>\n<p> <em>\u2022 Email: jswitzer@postmedia.com<\/em> <\/p>\n<p><iframe loading=\"lazy\" title=\"Is the MOU cooked?\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/t8Qn6suo0ys?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\n<br \/>\n<br \/>RBI, parent of Tim Hortons, planning &#039;huge investments&#039; in Canadian markets<\/a><br \/>\n<br \/>2026-05-06 18:35:39<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The parent company of Tim Hortons says it plans to invest more in Canada this year as it accelerates the pace of the coffee chain\u2019s remodels and new store openings&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":73034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-73033","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/73033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=73033"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/73033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/73034"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=73033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=73033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=73033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}