Restaurant Brands International Inc

Restaurant Brands International owns four quick-service restaurant chains: Burger King, Tim Hortons, Popeyes, and Firehouse Subs. Together these brands operate roughly 32,000 locations across 120+ countries, the vast majority run by franchisees. The company makes money primarily by collecting royalties and fees from those franchisees, leasing properties to them, selling supplies through the Tim Hortons distribution network, and operating a small number of company-owned locations. Customers are everyday consumers buying fast food and coffee. The franchisor model means RBI's revenue is tied to system-wide sales volume rather than restaurant-level margins.