Burger King to buy Popeyes (1 Viewer)

[BHM]

I wonder if BK will find a source for even smaller wings.

 

[egautr1]

Doesn't Diversified also own the rights to all of the original side dishes as well (red beans, fries, etc.)?

Ummmm, I am not 100% sure on that but it sounds right. I think that might be the case. I know they own the secret spice recipe for the chicken and it probably includes the sides as well.


I do know that when I was at Copeland's they fried everything in Lard. They would get these huge blocks of pure lard and then melt it down and that is what they fried and cooked with. Partly why it tastes good, partly why our digestive systems fight it so much!!

And the copeland's biscuit was cooked and then they are basted with real butter. I think I read that one biscuit at Copeland's had like 3 days worth of the Suggested Daily amount of Fat recommended to consume. Do not go if you are on a diet.

 

[JLaneSaints]

I am kind of surprised by this. I was under the impression that Burger King was falling hard. My town had 2 of them, 1 has closed this past month, and the town over just had 2 of them close in the past month.

The one still open in my town has about 75% less cars than McD's or Wendy's next to them anytime I drive past.

I guess just local coincidence.

 

[Saint_Ward]

NOLA has had Krispy Krunchy for a few years. It can be hit or miss, but usually it's well received after an evening's libations. It has had an adverse digestive effect for me in the past.

Ha, sounds like Taco Bell.

 

[superchuck500]

I am kind of surprised by this. I was under the impression that Burger King was falling hard. My town had 2 of them, 1 has closed this past month, and the town over just had 2 of them close in the past month.

The one still open in my town has about 75% less cars than McD's or Wendy's next to them anytime I drive past.

I guess just local coincidence.

As a matter of corporate health, "Burger King" is actually Restaurant Brands International (stock: QSR) and they also own Tim Horton's restaurants. Their financial reporting for 2016 shows significant health, with earnings per share reported at $1.45 for the full year, versus $.50 for 2015. The company also saw top line revenue growth and bottom line profit growth over the year - so it's certainly healthy and not failing, even if individual BK stores might be closing and the brand in a shift. QSR has a market cap of $16.6 billion.

Popeyes (stock: PLKI) has a market cap of $1.37 billion, so its a much smaller company. I believe the purchase price is $1.8 billion.

I think the model that QSR looks to is the Yum Brands model (Taco Bell / KFC). Yum has seen significant growth, especially overseas.

 

[not2rich]

As a matter of corporate health, "Burger King" is actually Restaurant Brands International (stock: QSR) and they also own Tim Horton's restaurants. Their financial reporting for 2016 shows significant health, with earnings per share reported at $1.45 for the full year, versus $.50 for 2015. The company also saw top line revenue growth and bottom line profit growth over the year - so it's certainly healthy and not failing, even if individual BK stores might be closing and the brand in a shift. QSR has a market cap of $16.6 billion.

Popeyes (stock: PLKI) has a market cap of $1.37 billion, so its a much smaller company. I believe the purchase price is $1.8 billion.

I think the model that QSR looks to is the Yum Brands model (Taco Bell / KFC). Yum has seen significant growth, especially overseas.

If the merger results in more Popeye's in the Denver area, I'm all for it.

 

[Booker]

If the merger results in more Popeye's in the Denver area, I'm all for it.

Yes please!

 

[PayOrPlay]

As a matter of corporate health, "Burger King" is actually Restaurant Brands International (stock: QSR) and they also own Tim Horton's restaurants. Their financial reporting for 2016 shows significant health, with earnings per share reported at $1.45 for the full year, versus $.50 for 2015. The company also saw top line revenue growth and bottom line profit growth over the year - so it's certainly healthy and not failing, even if individual BK stores might be closing and the brand in a shift. QSR has a market cap of $16.6 billion.

Popeyes (stock: PLKI) has a market cap of $1.37 billion, so its a much smaller company. I believe the purchase price is $1.8 billion.

I think the model that QSR looks to is the Yum Brands model (Taco Bell / KFC). Yum has seen significant growth, especially overseas.

Yes, exactly. Most of the news stories about this keep reporting as if it's Burger King absorbing Popeye's, but what about the potential synergies with Tim Horton's? "Love them donuts from Tims!" (And better coffee, eh?)

Per the CBC:

Restaurant Brands to add Popeyes to Tim Hortons and Burger King - Business - CBC News

Popeyes was especially coveted by Restaurant Brands because — unlike some other fast food chains — the company derives most of its money not from food sales, but rather from the fees it collects from franchisees. That's because 97 per cent of Popeyes restaurants are franchised, Bloomberg analyst Jennifer Bartashus said. "The addition of a chicken-based chain may help Restaurant Brands compete more aggressively against Yum Brands' Kentucky Fried Chicken," Bartashus said, "and may help Popeyes accelerate new store development plans and catch up to peers in customer-facing technology."

 

[tomwaits]

Popeyes in my area have really gone down hill in the last few years. I rarely go anymore. The chicken pieces keep getting smaller, service gets worse, and quality goes down.

 

[SAINTSFAN]

Popeyes used to also have the best onion rings. Popeyes has not really been the same since the Copeland's sold the company. Doubt it gets any better. BK's hot dog experiment was awful.

I agree. The onion rings used to be unbelievable. Now they serve the disgusting frozen greasy variety.

 

[slaym]

I still miss those original onion rings.

 

[LafourcheSaint]

oh boy, I can't wait until I go to Popeyes and they tell me they don't have any Chicken product.

<a href='https://postimg.org/image/xcchx0iyh/' target='_blank'><img src='https://s12.postimg.org/nf1h3ybct/bk_out_of_meet.jpg' border='0' alt='bk-out-of-meet'/><br /><a target='_blank' href='https://postimage.org/'></a><br /><br />

 

[guidomerkinsrules]

I wonder if BK will find a source for even smaller wings.

Pigeons?

 

[Brad Mojo]

Hummingbirds

 

[ilvdsnts]

We drove through Canes on the way to parades
I remarked toge wife that that was the fastest is ever been through a chicken drivethru
I miss good popeyes

I guess it depends on what you want, Cane's may be fast, but its bland.