Topic: How To Invest

Power Growth Investor Hotline – Friday, February 17, 2023

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL INC., $67.52, is a buy. The stock (symbol QSR on New York) gives you exposure to the world’s third-largest fast-food operator. That’s after McDonald’s (No. 1) and Yum Brands (No. 2). The company has 30,722 outlets in over 100 countries: 19,789 Burger King, 5,600 Tim Hortons (coffee and donuts), 4,091 Popeyes Louisiana Kitchen (fried chicken) and 1,242 Firehouse Subs. Restaurant Brands’ overall sales in the quarter ended December 31, 2022, rose 9.2%, to $1.69 billion from $1.57 billion a year earlier. That gain was largely because the company raised its selling prices in response to higher costs for food ingredients, fuel and labour. The latest sales figure also beat the consensus forecast of $1.67 billion. Same-store sales rose 9.4% at Tim Hortons, 8.4% at Burger King, 3.8% at Popeyes and 0.4% at Firehouse Subs. The company earned $0.72 a share before unusual items in the latest quarter, which missed the consensus estimate of $0.74. The latest earnings are also down…