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Investor Alert

May 12, 2020, 6:42 a.m. EDT

Burger King parent reopens restaurants with new social-distancing and other safety protocols

Restaurant Brands International Inc. Chief Executive Jose Cil said Burger King, Tim Horton and Popeyes restaurants are reopening with a range of public-safety measures designed to protect staff and customers from COVID-19. The company has introduced acrylic shields and contactless service at most restaurants, and is maintaining social-distancing using tabletop signage to indicate which tables are open and which reserved. "We will be sanitizing tables and chairs after each use and will have hand sanitizer available in the dining room for our guests," Cil wrote in an open letter. "We have turned off our self-serve soda fountains and are offering beverages, extra condiments and trays from the behind the front counter. And we benefit from a business model inside our restaurants that has minimal contact with anyone other than your friends and family who you are sitting with." The company has further scaled digital capabilities and added hundreds of restaurants to delivery apps and upgraded its drive-thru outlets. Shares rose 0.8% premarket, but have fallen 18% in the year to date, while the S&P 500 (S&P:SPX) has fallen 9%.

Link to MarketWatch's Slice.