You can follow him on Twitter @TomiKilgore. TORONTO -- The parent company of Tim Hortons has announced that the coffee-and-donut chain's global brand president is leaving. Jose Cil, Restaurant Brands International CEO, joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss the restaurant company's third-quarter earnings report, future outlook and much more. Executives said the McPlant would be available as a menu item around the world. SPX, "This is not a gimmick," Jose Cil, the CEO of Burger King's parent company, Restaurant Brands International, told Business Insider in 2019. The McPlant's goofy name reveals how seriously McDonald's is taking plant-based 'meat'. Ian Borden, the president of the company's international business, told investors on Monday that the McPlant "is crafted exclusively for McDonald's, by McDonald's.". On Monday, the fast-food giant announced it was developing plant-based "chicken," burgers, and other menu items under the "McPlant" banner. Tim Hortons Blames Roll Up The Rim, Bad Weather For Sales Slowdown The chain needs "a modern and fresh approach to engage our guests," CEO Jose Cil said. Subscriber Agreement & Terms of Use, The parent company of Tim Hortons, Burger King … All quotes are in local exchange time. TORONTO (NEXSTAR) — A new “predictive selling” drive-thru experience will be added to 10,000 Burger King, Tim Hortons, and Popeyes restaurants over the next two years. Jose Cil will assume the top post from Daniel Schwartz, who becomes executive chairman and co-chairman of the board. Burger King parent Restaurant Brands International Inc. QSR, +1.58% named Jose Cil, currently the president of Burger King, as its chief executive officer, … QSR, Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. However, at a chain that takes its branding seriously, the use of the "Mc" prefix reveals McDonald's long-term commitment to plant-based food. Cil said: “We are well positioned to continue to meet demand out there.” The restaurant operator said fourth-quarter same-store sales for Burger King rose 1.7% from a year ago, beating the FactSet consensus of 0.9% growth, while Tim Horton's same-store sales rose 1.9% to top expectations of a 0.9% increase. Leadership and Business Skill for Immediate I... Take Big Data from University of California S... Take Machine Learning from University of Wash... Squally Weather over Bay of Bengal; Depressio... Biodiversity Watch: Puff-Throated Babbler Mak... South India Braces for Another Cyclone This C... Leh Freezes at -12.9°C; Mercury Dips Across J... McDonald's announced on Monday that it was developing the "McPlant," a lineup of plant-based burgers, "chicken," and more meat-free menu items. Privacy Notice and Intraday data delayed at least 15 minutes or per exchange requirements. Historical and current end-of-day data provided by FACTSET. "This is something we believe can be a part of the Burger King menu for the long term. While I will concede the corniness of the McPlant name, McDonald's decision to use "Mc" branding is a sign of how seriously it's taking plant-based food. For example, when Burger King rolled out the Impossible Whopper, it signaled that a plant-based burger was not separate from its menu items but a new way to enjoy a classic. ", The McPlant's name sends a clear sign that plant-based menu items will be long-term additions meant to be unique to McDonald's. Times Internet Limited. Bank of America has joined other U.S. banking majors in refusing to finance oil and gas exploration in the pristine section of Alaska that President Trump last month opened to drilling for the first time ever. Cil admits in the letter that the company, which owns Burger King, Popeyes and Tim Hortons, has “insufficient racial diversity” and says the company is going to change that. [Operator Instructions] Please note, this event is being recorded. Different countries could add McPlant burgers, chicken, or breakfast sandwiches to menus as it becomes clear that local markets are seeking plant-based options. The new dividend will be payable April 3 to shareholders of record on March 15. Restaurant Brands International, Inc. (NYSE:QSR) Q3 2020 Earnings Conference Call October 27, 2020 8:30 AM ET. Jose Cil, CEO of Restaurant Manufacturers Worldwide, speaks throughout an interview with CNBC on the ground on the New York Inventory Trade, November 6, 2019. Cil tells Yahoo Finance he would like to see at least half of all final round candidates interviewing for roles within Restaurant Brands’ corporate offices globally to be from groups that are “demonstrably” diverse. Restaurant Brands CEO Jose Cil is adding one more important initiative onto his platePersonally overseeing the company’s efforts on bolstering diversity. Copyright © 2020 MarketWatch, Inc. All rights reserved. Intraday Data provided by FACTSET and subject to terms of use. Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. has slipped 3.9%. CEO Jose Cil told analysts that he expects net restaurant growth to be flat for the year. "All such uses are prohibited, including on license plates and in speeches and internal materials.". At USAID, the University of Texas’ Amie Harris negotiated multi-million dollar deals with … Herbert reveals state cases are at an all-time high ... Jose Cil… Parents create 'Mom Code' agreement to avoid testing their children for COVID-19 so schools can stay open in Utah - as Gov. The CEO of parent company Restaurant Brands International, Jose Cil, told Bloomberg that he had spoken via conference call with President Donald J. Trump and other industry leaders to … Separately, the company raised its quarterly dividend by 11% to 50 cents a share from 45 cents a share. +0.72% Times Syndication Service. McDonald's PLT did not make it outside of tests in Canada. Now, the chain is debuting the McPlant. Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "Our results this quarter are once again a testament … Jose Cil, the CEO of Restaurant Brands International, which is Burger King's parent company, spoke with Bloomberg News about the decision on Tuesday. According to @FoxNews, Jose Cil, CEO of Burger King's parent company, Restaurant Brands International Inc stated: _____ "We work closely with each —read more at 🍔 😋 … All participants will be in listen-only mode. Copyright © 2020. McDonald's is rolling out new and improved burger buns, McDonald's reveals the McPlant, as the fast-food giant crafts plant-based burgers and 'chicken', McDonald's plans to roll out a new fried-chicken sandwich as the fast-food giant gears up against Popeyes and Chick-fil-A, developing plant-based "chicken," burgers, and other menu items, is extraordinarily aggressive about its branding, Leaked McDonald's marketing bible reveals how seriously the fast-food giant takes its reputation and why you'll never see Ronald in a nightclub, not yet ready to go all in on the product or the partnership, An anti-gay Hungarian politician has resigned after being caught by the police fleeing a 25-man orgy through a window, Trump has raised at least $150 million to cover his bogus election challenges — but most of that money will go to financing Trump's future, Burger King India IPO opens today — brokerages recommend ‘subscribe’ on attractive valuations, India's three main surveillance projects NATGRID, CMS and NETRA have been directed to stop collecting data citing breach of privacy, Studio Bodhi is India's first OTT focused regional content studio, Paytm denies report that Ant Group may dump its stake worth almost $5 billion as India-China tension escalates, Odisha caps COVID-19 RT-PCR test prices at ₹400, Breather for Flipkart as Supreme Court stays order for CCI probe over alleged abuse of dominant position, Master Business Fundamentals from Wharton. Burger King parent Restaurant Brands International Inc. It’s less clear how much Burger King’s breakfast sales declined. Cil has 18 years of experience at Burger King, Restaurant Brands said in a statement Wednesday. Restaurant Brands International topped analysts' estimates for earnings for its third quarter. +1.12% In an open letter published on May 12, Jose Cil, the CEO of Restaurant Brands International (RBI), which owns Burger King, Popeyes and Tim Hortons, said … McDonald's is investing in plant-based "meat." Cil revealed in the Monday earnings call that unit growth so far shows the company is still on pace to reach that goal. “The pandemic disruption to morning routines and mobility contributed to our softer performance in the morning daypart,” Jose Cil, CEO of Burger King parent Restaurant Brands International, said last month, according to Sentieo. Bank of America joins big U.S. banks that won’t finance oil in the Arctic refuge Trump opened to drilling, 3 potential scenarios for Tesla’s stock — none of them are good, Nio, XPeng stocks swing to losses despite big jumps in November deliveries, Pfizer and BioNTech’s COVID-19 vaccine wins approval in first country as U.K. prepares for rollout next week, Tesla must control costs or stock will ‘get crushed like a soufflé under a sledgehammer!’ Elon Musk reportedly says, Moderna Inc. stock falls Tuesday, underperforms market, What you need to know about new U.S. crude oil price benchmarks, The stock market is signaling a ‘severe’ drop is imminent, says contrarian strategist. "This is not a gimmick," Jose Cil, the CEO of Burger King's parent company, Restaurant Brands International, told Business Insider in 2019. By using this site you agree to the “The COVID-19 pandemic has obviously introduced a wide variety of challenges, but we feel we're well positioned and have the resources we need to come through this,” said Jose Cil, chief executive at Restaurant Brands International Inc., during a conference call with analysts after the company reported its first-quarter financial results. Jose Cil, the CEO of Restaurant Brands, the parent company to Popeyes, Burger King and Tim Hortons, recently told The First Trade that his company is prepared to handle increased demand from customers who flock to the drive-thru instead of grocery stores. Cookie Notice. All rights reserved.For reprint rights. Jose Cil, Restaurant Brands International CEO, told Business Insider: "There's a tremendous impact on children, as a result of all the school closures, "It's one of the hardest hit groups of Americans, because they rely so significantly on school, for lunch ... Monday through Friday, for the better part of … While the company plans to open new locations, it will also be closing more than usual. "We're going to get through this. The MBAs To Watch also boast an impressive track record in the public sector. José Eduardo Cil is a businessperson who has been at the helm of 5 different companies. The stock, which was still inactive in premarket trade, has edged up 0.4% over the past three months while the S&P 500 named Jose Cil, currently the president of Burger King, as its chief executive officer, succeeding Daniel Schwartz, who was promoted to executive chairman, effective immediately. Parent company Restaurant Brands said Tuesday it will add digital drive-thrus to 10,000 Burger King locations in the U.S. and Canada by mid-2022.Burger King operates more than 18,675 around the world. Other fast-food chains led the way in linking plant-based menu items to core aspects of their brands. Restaurant Brands International CEO Jose Cil says in … We have a strong franchise system and a very strong franchise model." "Do not invent gratuitous 'Mc' or 'Mac' terms or phrases that add no long-term strategic value to the brand, such as 'McPhone,' 'McMeeting' or 'I work at McDonald's with McPride,'" the guide says. Working as a consultant and advocate for The Forum For Youth Investment, UCLA’s Makda Sara Matthew expanded Performance Partnership Pilots across the United States to help underserved young people and their families. Ordering a flame-grilled Whopper from the Burger King drive-thru may be more fun in the months ahead. "We work closely with each of our franchisees," Cil told the outlet. TORONTO — The pandemic continued eating into profits for Restaurant Brands International Inc. in the third-quarter, as disruption to daily rituals like going to work and taking kids to hockey curbed sales. Drive-thru customers at Burger King, Tim Hortons and Popeyes are in for a new personalized and streamlined experience. In a letter last week, chief executive Jose Cil confirmed that the company has also drawn down a $1-billion revolving credit facility, and last week the … However, years of writing about the fast-food chain makes the "Mc" prefix ring a bit differently to me. The McPlant branding is quite obvious and a bit corny. Good morning, and welcome to the Restaurant Brands International Third Quarter 2020 Earnings Conference Call. And it's calling it the McPlant.