Burger King parent to buy Firehouse Subs for $1 billion

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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.

Restaurant Brands said it planned to fund the deal, expected to close in the coming months, through a combination of cash on hand and debt.