Burger King-owner Restaurant Brands posts strong fourth quarter, names new CEO
Publishing timestamp: 2023-02-14 10:57:47
Summary
Restaurant Brands International posted strong fourth quarter results and named Chief Operating Officer Joshua Kobza as its new chief executive. The company has benefited from inflation-driven demand for affordable fast-food options, despite facing headwinds due to rising costs and foreign exchange. Yum Brands and McDonald's have also seen boosted demand among budget-conscious customers, beating out fast-casual dining options.
Sentiment: POSITIVE
Keywords: retail industry, business news, breaking news: earnings, yum! brands inc, food and drink, earnings, restaurant brands international inc, united states, restaurants, business,
Source: https://www.cnbc.com/2023/02/14/restaurant-brands-international-q4-2022.html