Popeyes to Accelerate Growth in China
Roughly $90 million is being poured into growth and development efforts.
Roughly $90 million is being poured into growth and development efforts.
The business is looking to conduct a sales process.
In the fourth quarter, roughly $30 million was spent on restaurant equipment upgrades and marketing initiatives, like the new Whopper jingle.
Burger King, Popeyes, and Tim Hortons have lower EBITDA figures compared to 2019, the last time the company publicly revealed numbers.
The industry veteran will be replaced by COO Josh Kobza.