Burger King’s parent company, Restaurant Brands International is reportedly considering buying out Popeyes, a fast food chain popular for its fried chicken. As well as Burger king, Restaurant Brands International already has Tim Horton’s, a coffee shop chain, under its umbrella.
A Merger Ahead?
Burger King, as you probably know is an international fast food chain loved for its burgers. Popeyes Louisiana Kitchen or Popeyes is known for its authentic spicy, milk fried chicken and chicken tenders.
According to a report from Reuters, Restaurant Brands International has approached Popeyes about a possible acquisition. Should the deal go through, Popeyes will possibly expand its reach; it presently has around 2000 outlets.
Stocks See A Rise
In related news, shares of Restaurant Brands International grew 5% on Monday; both Burger King and Tim Horton’s saw a recent rise in expansion and revenue.
The company has beaten analysts’ bottom line growth estimates by almost 7.5% in the last few quarters.
Considering this, it can be said that it’s a perfect time to expand the restaurants that Restaurant Brands International holds.