QSR turns to a Canadian

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL $59.76 (New York symbol QSR; TSINetwork Rating: Average) (905-845-6511; www.rbi.com; Shares outstanding: 478.0 million; Market cap: $28.6 billion; Dividend yield: 3.0%) recently launched an all-day breakfast menu at Tim Hortons. That should help it compete with McDonald’s and Starbucks. Meanwhile, Restaurant Brands has named Canadian Duncan Fulton as its chief corporate officer. Until earlier this year, Fulton was president of Canadian Tire’s sport-store division. It includes Sport Chek and National Sports. Fulton should bring a much-needed Canadian perspective to the company: Restaurant Brands continues to fight with some dissatisfied Tim Hortons franchisees on several fronts, including how it has deployed a national advertising fund and its $700 million renovation plan to spruce up restaurants. Restaurant Brands is still a hold. hold…