June 22, 2023

Patrick Doyle, Executive Chairman of RBI on: increasing Domino's share price by 23x; his vision for Tim Hortons and Burger King; and his thoughts on 3G Capital.

38 minutes

The Interview Discusses:

His remarkable turnaround of Domino’s Pizza where he increased the share price by 23x.
The opportunity he saw at Restaurant Brands that convinced him to invest $30 million personally in the company’s shares (and pledge to hold it for 5 years).
The dynamics of working for a company controlled by private equity firm 3G.
The importance of franchisee profitability for his turnaround plan.
Tim Hortons extraordinary success in Canada and how that can be replicated in other parts of the world.
Why Burger King International is performing well and Burger King US is struggling.
Could Tim Hortons alone eventually be worth more than Restaurant Brands is currently?
His role as Executive Chairman.
What it was like being on Jim Cramer’s Mad Money.
The difference between his role at Restaurant Brands where he is Executive Chairman and his role at Best Buy where he is Non-Executive Chairman.
---And much more!

Nothing in this podcast constitutes investment advice.

Biography:

Mr. Doyle was appointed Executive Chairman of RBI in November 2022 to accelerate growth for franchisees and shareholders. Most recently, he has served as an executive partner of the Carlyle Group, a global diversified investment firm, focused on the consumer sector. Prior to that he served as the chief executive officer of Domino’s Pizza, from March 2010 to June 2018, having served as president from 2007 to 2010, as executive vice president of Domino’s Team USA from 2004 to 2007 and as executive vice president of Domino’s Pizza International from 1999 to 2004. Mr. Doyle has served on the board of directors of Best Buy Co., Inc. since November 2014 and has been the Chairman of Best Buy’s board since May 2020.

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