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Focus on footprint expansion, diversifying menu offerings and digitalization bode well for Restaurant Brands (QSR).
Restaurant Brands International is one of the largest quick-service restaurants in the world. I believe the appointment of J. Patrick Doyle as Executive Chair of the Board should create value for shareholders. RBI is underpinned by strong high quality brands that should enable for predictable cash flow.
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Restaurant Brands (QSR) benefits from strong comparable sales, ongoing expansion initiatives, menu innovations and robust digital sales.
With a smaller 12.7% YTD price rise compared to the S&P 500 Consumer Discretionary index and attractive market multiples compared to peers, Burger King owner RBI looks promising. Its revenue growth has already softened in 9M 2023 compared to the full year 2022 and can cool off more in 2024 on a macroeconomic slowdown. However, a strong operating margin, decent long-term returns and consistent dividend payouts make a case for buying RBI stock.
Shares of Restaurant Brands International have performed well since my initial coverage early last year, returning around 45% and comfortably outperforming the wider market. Burger King U.S. has been troubled in recent years, but recent increased investment looks to be having a positive impact. International growth prospects remain robust, with all the company's brands in position to grow their footprints outside the U.S.
Following two wildly successful tests earlier this year, Popeyes just added five varieties of chicken wings to its menu permanently. Popeyes only recently passed KFC as the country's No.
Blue-chip stocks are always profitable or on the verge of entering the black, and the Street is currently in love with profitable companies. In my own portfolio, nearly all of the stocks of profitable companies have climbed significantly in 2023, and the reverse is true for the unprofitable firms whose shares I own.
This segment was previously recorded on November 3, 2023. Shares of Restaurant Brands International (QSR) moved lower in early trading on Friday after posting its third quarter results.
A slowdown in sales growth at Burger King dragged down results at the burger chain's owner, Restaurant Brands International (QSR). Shares of the company declined 2.7% Friday following the news.