Topic: How To Invest

Power Growth Investor Hotline – Friday, January 19, 2024

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL INC., $76.88, 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 30,125 outlets in over 100 countries: 18,935 Burger King, 5,662 Tim Hortons (coffee and donuts), 4,269 Popeyes Louisiana Kitchen (fried chicken) and 1,259 Firehouse Subs. Restaurant Brands is now buying Carrols Restaurant Group (symbol TAST on Nasdaq), Burger King’s largest U.S. franchisee. The purchase price is $1 billion. Carrols operates 1,022 Burger King restaurants in 23 states, which brought in approximately $1.8 billion of system sales in 2023, as well as 60 Popeyes restaurants in six U.S. states. The move by Restaurant Brands is part of Burger King’s “Reclaim the Flame” plan. That’s a program to move away from larger franchisees and toward local franchisees. The strategy is to revamp the Burger King brand in America, refurbish restaurant locations and draw in younger customers. Restaurant Brands will invest about…