Tim Hortons leads its sales growth

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL INC. $83 (Toronto symbol QSR; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 467.6 million; Market cap: $38.8 billion; Price-to-sales ratio: 7.4; Dividend yield: 3.2%; TSINetwork Rating: Average; www.rbi.com) is the world’s third-largest fast-food operator after McDonald’s (No. 1) and Yum Brands (No. 2). It has 17,796 Burger King, 4,846 Tim Hortons (coffee and donuts) and 3,102 Popeyes Louisiana Kitchen (fried chicken) outlets in over 100 countries. The company reported preliminary sales figures that topped the consensus forecasts. In the quarter ended December 31, 2018, same-store sales rose 1.9% at Tim Hortons, 1.7% at Burger King, and 0.1% at Popeyes. As well, Restaurant Brands is increasing its quarterly dividend by 11.1%. Starting with the April 2019 payment, investors will receive $0.50 a share instead of $0.45. The new annual rate of $2.00 yields 3.2%. Restaurant Brands International is still a hold. hold…