Restaurant Brands Asia Reports Reduced Losses as Burger King’s Discounts Drive Traffic

Following a fire incident at a Rajouri Garden restaurant that forced students from a nearby coaching institute to escape by jumping to an adjacent building, the Delhi government has ordered a comprehensive fire safety audit across the city.  

Delhi Chief Minister announced that the restaurant’s fire No Objection Certificate (NOC) had already been canceled prior to the incident due to non-compliance with fire safety norms, specifically the requirement for two exit points in every restaurant.  

Addressing the issue, she stated, “Whoever is found guilty in this incident will face the strictest action. I have also directed the Delhi Fire Services to conduct a fire safety audit across the city. If any restaurant is found violating fire safety norms, immediate action will be taken.”  

The directive highlights the government’s focus on ensuring adherence to fire safety regulations in commercial establishments, especially those operating in high-density areas. The citywide audit is expected to assess existing safety measures and enforce compliance to prevent similar incidents in the future.

India's most popular neighborhood café, SOCIAL, has made its way to Hazratganj, one of Lucknow's most recognizable and active neighborhoods. Known for fusing tradition with modern eccentricities, SOCIAL's 55th location, which can accommodate 500 people, has transformed an old Haveli into a bold and modern setting that pays homage to the city's cultural past.

The modern and the antique are blended together inside the new Hazratganj SOCIAL. Richly restored Awadhi architectural elements such as arches, 4-post beds, and jharokhas, as well as heritage windows and "Lakhori" bricks, give the outlet depth and personality.

 “Hazratganj is the heart of Lucknow, and there couldn’t be a better place for SOCIAL to make its debut in the city. It’s got that perfect mix of rich history, vibrant culture, and a unique blend of old-world charm with modern energy. Hazratganj has always been a favorite hangout for locals and visitors, and SOCIAL fits right in with its own twist of heritage meeting hustle. It’s where tradition and contemporary lifestyles come together—just like SOCIAL’s vibe of blending local culture with something bold and new,” commented Riyaaz Amlani, Managing Director, Impresario Entertainment & Hospitality Pvt. Ltd.

Adding to this, Arshad Syed, Executive Director, Impresario Entertainment & Hospitality Pvt. Ltd. elaborated, “This is a significant milestone for me, as Lucknow is my home and has been an inspiration in so many ways throughout my life. Hazratganj SOCIAL will bring alive everything that SOCIAL stands for—a vibrant space where people can connect, celebrate, and experience the unique blend of culture and creativity that makes this city so special. It’s a place where the past and present come together, where local stories are honored, and new memories are made, capturing the essence of Lucknow in every corner.”

One of the confectionery industry's fastest-growing companies, India Sweet House, has raised a substantial sum of money in its pre-IPO investment round, which was headed by Viney Equity Market LLP. For this funding round, IntelliFin Private Limited served as the only advisor. Strong investor trust in the brand's quick growth and creative take on traditional Indian snacks and sweets is shown in this investment. In order to start its first public offering (IPO), the company is currently getting ready to submit its Draft Red Herring Prospectus (DRHP) to the stock exchange.

Rather than seeking private equity or venture money, as is customary for startups, the creators of India Sweet House have decided to go the IPO route. This calculated action demonstrates their long-term goal of developing a lucrative and sustainable company while remaining dedicated to generating wealth for their franchisees, partners, and investors.

Speaking on the investment, Anant Aggarwal, Managing Partner at Viney Equity Market LLP, said, "India Sweet House is an iconic brand that resonates deeply with our vision of backing businesses that reflect the richness and diversity of India. This investment aligns with our broader goal of nurturing small and medium enterprises, enabling them to scale while preserving their authenticity and values. We are excited about the growth prospects of the brand and are proud to be part of this journey."

Shwetha Rajashekar, Vishwanath Murthy and Rajesh Mehta, Co-Founders of India Sweet House expressed their excitement about the latest funding round, “We are thrilled to welcome Viney Equity Market LLP and their team as we embark on the next phase of our growth journey. Chittorgarh Infotech Limited also participated in this round. Opting for the IPO route will enable us to operate the business more profitably and expand our reach to a broader customer base across the country. We remain dedicated to maintaining the highest standards of quality and tradition in all that we do.”

Indian multi-cuisine restaurant chain Romeo Lane with presence in 11 cities, has announced its expansion plan by adding 40 new cities, doubling its footprint.

The expansion strategy focuses on metropolitan and tier-2 cities in India, aiming to meet the growing demand for high-quality dining and entertainment options. 

Internationally, Romeo Lane is looking to establish a strong foothold in major cities across the Middle East, Southeast Asia, and Europe, capitalizing on its unique blend of Indian and global cuisine along with its vibrant nightlife offerings.

"At Romeo Lane, we're not just about serving meals; we're about creating unforgettable memories through our culinary excellence and vibrant nightlife. As we expand into over 40 cities in India and abroad, our dedication to providing exceptional dining experiences that inspire and delight remains steadfast," said Saurabh Luthra, Founder & Chairman of Romeo Lane, Birch By Romeo Lane & Mama's Buoi.

As part of this expansion, Saurabh Luthra plans to enhance Romeo Lane's menu with seasonal specialties, introduce innovative organic cocktails, and create exclusive dining experiences. Collaborations with local suppliers, event organizers, and technology partners are also part of the strategy to ensure operational excellence and uphold the highest standards of service.

Prakritii Cultivating Green ties up with bigger hotel chains around India who have now started considering Eco-friendly and Sustainability disposables as key ingredients to their success going forward.

The ongoing pandemic has given leverage to the brand as hotels are now trusting branded eco-friendly disposables companies than common mom and pop stores.

The organic dinnerware company is currently working with hotel chains across their location such as Radisson, Hyatt, Taj Exotica, Taj Sats, Ginger Hotels, First Fiddle F&B Pvt Ltd, Social (Impressario Entertainment & Hospitality Pvt Ltd), Imperfecto, Shangri-La and many more.

“People have realized to live sustainably and the need to promote the eco-system but it all begins with implementation and execution of the choice. The idea is to consume what you need and leave for others. The hospitality chains are demanding innovative solutions to replace plastic. Therefore, they need to develop an internal culture of sustainability. The longevity of businesses today and in the future will depend largely on how human-centric and eco-friendly we can make them,” said Vaibhav Jaiswal, Director & Co-Founder of Prakritii.

With a Pan-India presence, the company is serving more than 50 hotel groups.

Prakritii helps the hotel chains to reduce styrofoam plastic and developed more than 100 different designs which increased the utility of the plates. Now, it’s not just tableware but also used as a packaging tool by packaging houses and corporates who support their cause.

“Eco-friendly alternatives are important for the hospitality industry which is making responsible choices. Hotels are shifting to no-plastic disposables in today’s context,” added Amardeep Bardan, Co-Founder of Prakritii .

Rebel Foods, the cloud kitchen startup, has raised $125 million in the ongoing Series D round from Coatue Management, Goldman Sachs, Indonesia’s Go-Jek, and others. Post this round, the Mumbai-based company’s valuation is said to be $525 million.

Started out as a quick-service restaurant (QSR), the company is now a multi-brand cloud kitchen model. It has established brands such as Faasos, Oven Story, Firangi Bake, Mandarin Oak, Kettle & Eggs, and Behrouz under Rebel Foods.

Rebel Foods is now planning to expand its footprint into Southeast Asia and the Middle East. 

Last month, Go-Jek, Southeast Asia’s leading ride-hailing major, also infused $5 million in Faasos through its venture capital arm Go Ventures. With this agreement, Rebel and Go-Jek is looking to set up 100 Indonesian cloud kitchens that will process biryani, pizza, Chinese food, and locally popular dishes like nasi goreng.

Rebel is further eyeing to launch 20 kitchens in the UAE by year-end.

Currently, the firm is operating a network of 235 cloud kitchens in 20 Indian cities with an order volume of two million per month. Rebel has also introduced 1,600 internet restaurants in India across 11 brands. 

Founded by Jaydeep Barman and Kallol Banerjee in 2010, the company was earlier known as Faasos Food Services Pvt Ltd. It rebranded its parent entity to Rebel Foods Pvt Ltd in 2018.

Ghost Kitchens have gained popularity in recent times. These kitchens allow the restaurants to test new markets, expand off-premise operations and experiment with delivery-only menu items without having to launch a new location.

A handful of chains have already entered into this concept, including Wetzel's Pretzels, Chick-fil-A, Dog Haus, Outback, Carrabba's and Famous Dave's.

Recently, FAT Brands has also announced plans to expand through ghost kitchens. This move comes after the company has acquired grass-fed burger chain Elevation Burger for $10 million.

FAT Brands hopes to start operating Fatburger, its star chain, out of sister brand locations in a bid to grow its delivery footprint later this year. A virtual Fatburger will be operated out of the back-end of a host restaurant's space, only appearing on consumer's mobile delivery apps. 

Andy Wiederhorn, President and CEO, FAT Brands, said, "We want to take the opportunity to offer our brands everywhere we can to consumers. We don't necessarily have to have a brick-and-mortar location."

"If we have the supply chain available and there's brand awareness, it makes sense to make [brands] available at existing brick-and-mortar locations," he added.

Restaurant Brands International Inc, one of the world’s largest quick-service restaurant companies, has announced an agreement to expand the presence of its fast-food restaurant chain Popeyes Louisiana Kitchen into Spain.

Josh Kobza, Chief Operating Officer, Restaurant Brands International Inc, said, "We have an ambitious long-term goal for RBI of reaching 40,000 restaurants over the next 8 to 10 years. Today, we're excited to share big news from Europe where we have announced ambitious plans for one of our iconic brands, Popeyes, in Spain."

"We believe we have the best-tasting chicken, biscuits and side items and that Popeyes can become Spain's number one choice for chicken as we develop beautiful new restaurants with our long-time master franchisee, Gregorio Jimenez," he added.

Gregorio Jimenez, CEO of Restaurant Brands Iberia, stated, "We believe that our guests in Spain will 'love that chicken from Popeyes'. We are proud to bring this famous brand to Spain soon and want to become the #1 choice for chicken in the country."

Currently, Popeyes is operating over 3,100 locations in more than 25 countries globally including the US and Canada.

Restaurant Brands International Inc is planning to expand the global presence of its three brands, Burger King, Tim Hortons and Popeyes Louisiana Kitchen, to more than 40,000 restaurants over the next 8-10 years. With this, Restaurant Brands International will be one of the largest restaurant companies in the world.

Currently, these three brands have 26,000 outlets. Restaurant Brands aims to boost its businesses by deploying various initiatives ranging from app-based ordering to loyalty programs for its customers.

The company is expecting its coffee, burger and chicken markets to grow between 5% and 6% per year over the next 5 years.

Last month, Restaurant Brands posted a 0.6% drop in comparable sales at Tim Hortons for the quarter ended March 31, while same-store sales at Burger King grew 2.2%, less than 3.8% a year earlier. 

Jose Cil, Chief Executive Officer, Restaurant Brands International Inc, said, "RBI is fundamentally a growth company, with three amazing, iconic brands that we believe have a very long runway for growth, both at home and around the world. We have a proven history of generating very strong returns for our shareholders and today we are excited to share more insight than we ever have before to support our belief that all three brands have substantial growth ahead."

Alchemy Capital, an investment fund co-founded by Rakesh Jhunjhunwala, has bought about 3.5 per cent stake in restaurant chain Barbeque-Nation Hospitality for Rs 90 crore. The fund acquired the stake as part of a pre-initial public offering deal, valuing the company, promoted by Sayaji Hotels, at around Rs 2,300-2,400 crore, said investment bankers.

The Bengaluru-headquartered Barbeque-Nation, which pioneered ‘over the table barbeque’ concept in Indian restaurants, filed its Draft Red Herring Prospectus (DRHP) for its maiden IPO in August 2017. The IPO is estimated to raise over Rs 700 crore, according to merchant banking sources. As per the DRHP, the issue comprises a fresh issue of shares of Rs 200 crore and an offer for sale of up to 61,79,000 equity shares from certain selling shareholders.

In 2013, Ajay Relan-founded CX Partners invested close to Rs 110 crore, followed by an additional investment of Rs 103 Crore in 2015.

According to Technopak, the chain Casual Dining Restaurant (CDR) segment is one of the fastest growing segments in the Indian restaurant industry and is projected to grow at a Compounded Annual Growth Rate (CAGR) of approximately 21 per cent from Fiscal 2017 to Fiscal 2022.

According to its DRHP filed in August 2017, Barbeque-Nation had 81 restaurants in India as on June 30, 2017. The public offer will result in around 30per cent stake dilution on a postoffer basis, said another person familiar with the development. According to the company’s DRHP, the company trebled its revenue from Rs 184 crore to Rs 503 crore during the fiscal 2013 to 2017.

Chef Massimo Bottura’s modern Italian restaurant in the back streets of Modena was the World’s No. 1 Restaurant in 2016; last year it was No. 2. The biggest movement in the Top 10 was a drop by last year’s No. 1 winner, Eleven Madison Park. They fell to No. 4, after a year that saw a major renovation and a much-buzzed-about pop-up in East Hampton.

The flamboyant Bottura is known for his playful approach to classic dishes. His creations include a lasagna with only the crispy bits and a deconstructed dessert called “Oops I Dropped the Lemon Tart.” Bottura is an art lover and his food is visually exciting as well as delicious. More recently, he has become known for Feed the Soul, an international non-profit organization to feed the homeless and hungry that grew out of a community kitchen in Milan.

Bottura accepted the award on stage with his American-born wife Lara Gilmore. He said that chefs and everyone in the restaurant business must realize that they have the power to change the world.

“I am going to use this spotlight to make even stronger the changes there are going to be,” said Bottura at a press conference following his win. “Feed the planet. Fight waste. Last week Henry Kissinger asked me for a selfie. It is unbelievable. We have to involve all the community of chefs … pushing the spotlight you have to make the invisible visible is extremely important.”

The results of the annual World’s 50 Best Restaurants awards were announced before an invited audience in Bilbao, Spain. Although much was made about diversity in advance of the ceremony, there was little change in the Top 10 beyond a minor reshuffling of places. Apart from Eleven Madison Park’s drop, it was a good year for North America. The United States had four more restaurants in the Top 100, up from nine last year. Mexico had two restaurants in the top 15; in 2017 the country’s highest entry was 20.

The World’s 50 Best Restaurants list is organized and compiled by William Reed Business Media. It is created from the votes of more than 1,000 restaurateurs, chefs, food writers, and gastronomes. The voters are split into 26 separate regions around the world. Each region has its own panel of 40 members. (I formerly chaired the U.K. and Ireland panel but am no longer involved.)

Winning the 50 Best is great for business. The day after El Celler de Can Roca first topped the list, in 2013, its website got 12 million visitors and the restaurant hired three extra staff just to turn down requests for tables. Noma’s Rene Redzepi said he could have filled his restaurant for almost 15 years with the booking requests the day after he first won, in 2010.

The awards started in 2002 as a feature in Restaurant, a U.K. publication founded the previous year. It grew out of a brainstorming session in a pub to promote the magazine. The editors sent emails to journalists and chefs to pick their favorite places, like a music magazine compiling a best-albums list. The response was overwhelming and the annual awards were born.

Ahead of Tuesday evening’s ceremony, three awards were announced: Clare Smyth, of Core by Clare Smyth in London, won Elit Vodka Best Female Chef; Gaston Acurio of Astrid & Gaston in Lima won Diners Club Lifetime Achievement; and SingleThread, a farm restaurant in Northern California won the Miele One to Watch. The second part of the list, 51-100, was also previously announced; the winners follow.

Chowman, a name synonymous with neighbourhood fine dining has over the years carved a niche as one of the city’s most favourite destinations for authentic Chinese cuisine and the fastest growing fine dining chains. Having set its foothold across all prime locations of the city, Chowman has now thrown open its door to yet another outlet in Baguiati near Jora Mandir bus stop.

Marking its territory across the city, from Golf Green to Salt Lake, Chowman has given Kolkata yet another food palate on the food aficionados’ platter. Strategically located at Baguiati, this restaurant also has the Chowman’s signature décor with elegant red and black color scheme surrounded by low lighting along with the bronze Buddha statute, pots and bells are thoughtfully put together for a soothing ambiance. The exquisite infrastructure of Chowman with 76 seater restaurant makes the day perfect with good combination of food and fine dining which makes it stand out of the crowd.

Chowman offers a wide variety of menu ranging from various flavors of fish, chicken, prawn, lamb as well as crab meat which can be enjoyed with your loved one, family and friends.

According to Debaditya Chaudhury, Managing Director of Chowman and Founder-member of Bengali rock-band Lakkhichara said, “We now have 12 Chowman outlets across the city with more than 50,000 loyal customers and a delivery fleet catering to every corners of the city. This is out 12th outlet and by far the biggest one with 76 seats. Chowman has over the years democratized the concept of neighbourhood fine dining restaurant in Kolkata. We wish to open few more outlets by 2019 and then foray into other cities like Mumbai and Bangalore.”

Tim Hortons, one of North America’s largest quick-service restaurant chains, announced that it has entered into an exclusive master franchise joint venture agreement with Cartesian Capital Group to develop and open more than 1,500 Tim Hortons restaurants throughout China over the next ten years.

 “We have two main priorities at Tim Hortons: building and strengthening our brand in Canada; and expanding our iconic Canadian brand to the rest of the world,” said Tim Hortons President Alex Macedo.

Macedo added, “China’s population and vibrant economy represent an excellent growth opportunity for Tim Hortons in the coming years. We have already seen Canada’s Chinese community embrace Tim Hortons and we now have the opportunity to bring the best of our Canadian brand to China with established partners who have expertise in the industry and the country.”

“We are excited to expand our partnership with Restaurant Brands International to bring Tim Hortons to China,” said Peter Yu, Managing Partner of Cartesian.

Yu added, “Tim Hortons has a long, rich history of providing guests with quality food and premium coffee. We plan to expand that tradition to China, drawing on 20 years of experience building businesses in China and around the world.”

True Food Kitchen, the award-winning restaurant brand that has pioneered health-driven dining, announced that Oprah Winfrey has made an equity investment in the company and will extend her strategic insight to support the brand’s national expansion. In addition, Winfrey joins the restaurant brand’s board of directors and will collaborate and consult with True Food Kitchen’s leadership team to advance the company’s business and marketing objectives.

Founded in 2008, True Food Kitchen has received national recognition as a culinary leader, with a health-driven menu of seasonal dishes and natural beverages guided by the principles of founder Dr. Andrew Weil’s anti-inflammatory food pyramid. Today, True Food Kitchen operates 23 restaurants in 10 states, with plans to double its store count in the next three years. Key focus areas include new markets on the east coast in New York, New Jersey and North Carolina, in addition to expanding its existing presence throughout Florida, Maryland and more. Still to come in 2018 will be the addition of two new locations in Nashville, Tennessee and Jacksonville, Florida. The restaurant brand currently has 3,000 employees nationwide.

Winfrey was first introduced to True Food Kitchen by friend and health expert Bob Greene, who shares True Food Kitchen’s belief that food should make you feel better, not worse. In addition to being inspired by the restaurant’s healthful food, Winfrey was struck by the brand’s commitment to its mission of bringing people together to eat better, feel better and celebrate a passion for better living.

“I love bringing people together over a good meal,” Winfrey said. “When I first dined at True Food Kitchen, I was so impressed with the team’s passion for healthy eating and, of course, the delicious food, that I knew I wanted to be part of the company’s future.”

“When Winfrey and I first sat down to discuss her potential investment, I was impressed by her genuine passion for the intention behind True Food,” said Christine Barone, Chief Executive Officer, True Food Kitchen. “My hope is that her passion and investment will continue to develop our growing brand to allow even more guests to experience a better way of eating.”

True Food Kitchen believes that delicious dining and conscious nutrition can go hand in hand without sacrificing flavor, creativity or indulgence. Its healthful, flavor-forward menu rotates regularly to showcase the freshest, in-season produce and nutrient-dense ingredients. From thoughtfully crafted cocktails, such as the Citrus Skinny Margarita, made with fresh-pressed citrus and organic tequila, to signature dishes such as Edamame Dumplings, Ancient Grains with miso-glazed sweet potatoes and Dr. Weil’s original Organic Tuscan Kale Salad, True Food Kitchen’s menu celebrates variety and caters to every food preference with an assortment of delicious vegetarian, vegan and gluten-free options.

With vegetarianism picking up in Europe, City-based Annavilaas Hotels today said it planned to open a restaurant in Germany as part of expansion plans.

"We have already identified the location in that country and once problems like visa are set right, the restaurant will be opened there," Annavilaas Hotels Managing Partner P Venugopal told reporters here.

An outlet would be opened at Phoenix mall in Chennai on August 15, he said, adding that outlets would also be opened in Mumbai and Delhi, besides six more in Coimbatore city.

First Fiddle Restaurants head, Priyank Sukhija has announced his biggest collaboration till date with e-tailer, Bent Chair by Natasha Jain and fashion designer Rocky Star for a restaurant trinity in Victoria Mills, Mumbai. A collaboration with Bollywood rap artist, Badshah is already on the way. Through these collaborations, Priyank Sukhija is redefining the way hospitality industry works.

After careful deliberation on the location, concept and innovation, the restaurant chain is bringing 3 new outlets to Victoria Mills with Lord of the drinks that dons Asia’s longest bar, Plum Cafe by Bent Chair, India’s first true retail restaurant, and Rocky Star Cocktail Bar, a high-end fashion bar. The Dragonfly Experience in collaboration with rap artist, Badshah, next on the line, has been already publicly announced to be opened in the coming 2 months at JW Marriot, Sahar in Mumbai with its next stop in Delhi’s Aerocity around September this year.

The collaboration is a step up for India’s most prolific restaurateur and First Fiddle Restaurants and marks a milestone in their journey. Sukhija currently runs 15 different restaurant brands with over 25 operational outlets (Lord of the Drinks, Tamasha, Lazeez Affaire, Flying Saucer, JLWA to name a few) across Delhi, Mumbai, Pune and Lucknow and opening soon in Kolkata, Chennai, Bengaluru and Mohali.

First Fiddle Restaurants has forayed into the franchising model with several new franchises opening in different cities across the nation.

The overall turnover for the last financial year has been over Rs 200 crore and it is expected to cross Rs 500 crore by 2020.

“The collaboration marks a new step in my experience so far as I have set out and collaborated with different industries and have made an attempt to let people experience the best of the new hospitality world,” Priyank said.

“Expansion to other cities of India and global expansion is what I am looking at. Our target revenue for the year 2020 is Rs 500 crore and we are working aggressively towards achieving that,” he added.

Lord of the Drinks Kamla Mills, adding to the existing legacy of Lord of the Drinks chain that now counts a total of 7 outlets around India is the newest entry to the First Fiddle Restaurants. It features Asia’s longest bar (210 ft) and a global cuisine menu.

Plum by Bent Chair, a collaboration between First Fiddle Restaurants and Bent Chair, is redefining experiential dining. The soon to be opened restaurant is all set to offer a never before dining cum shopping experience, under one roof. At Plum, customers can shop while they eat and take home everything in sight, from the crockery, wall art, to furniture.

Mumbai based fashion designer Rocky Star in collaboration with First Fiddle Restaurants introduces his newest venture called Rocky Star Cocktail Bar, a posh bar with a world traveler’s menu that brings out dishes representing different countries around the globe.

Dragonfly will be opening doors first in the city of dreams, Mumbai followed by another one in the National Capital soon. It is an upmarket restaurant and club which aims to serve lip smacking Pan Asian cuisine and a nightlife experience which focuses on being one of a kind. The menu boasts of fusion drinks and Asian food. Dragonfly is set to be the perfect place for millennial and is planning to run multiple musical nights throughout the week.

Restaurant Brands International has seen a jump in the sale after its Burger King chain reported booming sales growth credited to value meals and new food items such as a bacon burger added to its menu.

A total of 4.6% rise in sales was registered in the most recent quarter at established Burger King Restaurants as the value meals and new items were popular with consumers. Value menus have become increasingly important to fast-food companies looking to boost sales; earlier this year, McDonald's revived the name of its once-popular Dollar Menu with items costing $1, $2 or $3.

At Restaurant Brands' coffee and doughnut chain Tim Hortons, sales rose 0.1 percent as it launched a new order-ahead app and it started selling pricier espresso drinks.

At Popeyes, which Restaurant Brands bought for $1.8 billion last year, sales slipped 1.3% at established restaurants during the last three months of the year.

Restaurant Brands CEO Daniel Schwartz said the company plans to expand the brand by opening more of the fried chicken restaurants around the world.

Burger King, its biggest chain, had nearly 16,800 locations at the end of last year. Tim Hortons had nearly 4,800 and Popeyes had about 2,900.

The company reported adjusted earnings of 66 cents per share for the three months ending Dec. 31, which was above what analysts expected, according to Zacks Investment Research. The Oakville, Ontario-based company said revenue rose 11% to $1.23 billion.

Shares of Restaurant Brands International Inc. jumped $3.84, or 6.8%, to $60.35 in trading Monday.

Restaurant Brands International has reported a better-than-expected profit for the fourth quarter as it expanded the number of Burger King and Tim Hortons locations around the world and reaped in higher sales.

The Oakville, Ontario company has said that it sees potential for expansion for the famous chains outside their home markets, and has struck franchising deals with local operators around the world to do so. For instance, Restaurant Brands says it now was more than 100 Burger King locations in France, compared with none just a few years ago.

In the last three months of 2016, the company opened 495 Burger King locations globally, ending the year with 15,738 stores.

For Tim Hortons, it added 121 stores in the period, bringing the total to 4,613.

RBC Capital Markets analyst David Palmer noted that the company has cited savings initiatives such as cost reductions in the supply chain.

At established locations, the company said Burger King's sales rose 2.8 percent, including 1.8 percent in the U.S. and Canada. Restaurant Brands does not disclose how much of that increase was driven by higher spending, versus an increase in the number of customer visits. The latter is seen as a key indicator of health that major chains including McDonald's and Dunkin' Donuts have struggled with amid heightened competition.

Tim Hortons' sales edged up 0.2 percent globally. For the period ended Dec. 31, Restaurant Brands earned USD185.9 million, or 50 cents. Earnings, adjusted for one-time items, came to 44 cents per share. That was two cents more than Wall Street expected, according to Zacks Investment Research.

Total revenue was USD1.11 billion in the period.

Restaurant Brands shares have climbed nearly 8 percent since the beginning of the year. The stock has increased 69 percent in the last 12 months.