Burger King-parent Restaurant Brands International Inc said it would buy Firehouse Subs for $1 billion in an all-cash deal as it adds the U.S. sandwich chain to its roster of popular outlets, including Tim Hortons and Popeyes.
The deal would immediately add to Restaurant Brands’ earnings, the company said. Jacksonville, Florida-based Firehouse Subs’ system-wide sales would be about $1.1 billion for 2021, with October U.S. same-store sales about 20% higher from pre-pandemic levels two years ago, Restaurant Brands said.
....