U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Instagram Outage Disrupts Thousands of U.S. Users 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
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
