Burger King

Everstone in talks to sell 41% stake in India's Burger King franchisee

Everstone Capital, through its investment vehicle QSR Asia Pte Ltd, held a 40.9 per cent stake in Restaurant Brands as of March 31, according to Refinitiv data

The report added that companies have ramped up store launches to take advantage of lower rent rates at key locations

Aggressive store expansion, new menu choices ought to boost growth for QSR

Everstone Capital, through its investment vehicle QSR Asia Pte Ltd holds a 40.9% stake in Restaurant Brands, according to Refinitiv data

Burger King plans to invest USD 400 million in its US restaurants over the next two years to update its stores and boost flagging sales. The burger chain said on Friday the investment includes USD 250 million to revamp stores and update technology and kitchen equipment and USD 120 million for heavier advertising. Burger King also plans to spend USD 30 million upgrading its app to offer smoother ordering and personalized deals. The moves come after several years of disappointing sales at Burger King's 7,058 US stores. In 2019, Burger King's same-store sales or sales at stores open at least a year rose less than 2 per cent. By comparison, market leader McDonald's US same-store sales were up 5 per cent. Burger King's US sales plunged during the pandemic, then recovered in 2021, rising 5 per cent. But that was still slower growth than McDonald's, which saw US same-store sales jump 14 per cent in 2021. Wendy's overtook Burger King as the No. 2 US fast food chain by sales in 2020 and

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All QSR majors, however, will face margin pressures given rise in food prices, analysts say

Shares of multiplex restaurant owners are likely to be in focus on easing of Covid-19 related curbs in Maharashtra.

A total of 108.40 million shares allotted to qualified institutional buyers started trading on the exchanges on Friday, February 18, 2022.

Among individual stocks, Bharti Airtel, M&M, HDFC, Kotak Bank, Nestle India, and Dr Reddy's Labs were the only Sensex gainers today

The company recently posted its December quarter (Q3FY22) results and brokerages have either downgraded the stock by a notch or have reduced their target price

Follow-up buying in some of these stocks can see them move up in the sessions ahead. However, investors need to be mindful of the overall market volatility besides the technical setup

Cipla, Federal Bank, Finolex Industries, Indiabulls Real Estate, ICRA, Macrotech Developers, Maruti Suzuki, Pidilite, SRF, Torrent Pharma and United Spirits to announce results today.

Total expenses were at Rs 298.23 crore, up 45.56% from Rs 204.89 crore in the year-ago period

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Bank shares may be in focus as RBI proposes to introduce revised norms for banks for setting aside capital for operational risks

While the company did not specify where the funds are intended to be used, Burger King India has been on a footprint expansion

Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion

Amit Banerjee took over as Chairman and Managing Director of BEML on Friday

Motilal Oswal Financial Services (MOFSL) expects Burger King India to rise as much as 117 per cent in the next three years