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Restaurant Brands International: Burger King Continues To Sizzle, But Popeyes Has Me Worried

All Articles on Seeking Alpha·about 10 hours ago
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Earnings Analysis

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Summary

Restaurant Brands International remains a buy, driven by Burger King's strong comp sales and operating income growth.

Popeyes' ongoing comp sales declines warrant close monitoring; improvement is needed for a more bullish outlook on QSR.

Tim Hortons shows modest recovery with improved daypart performance, while Firehouse Subs continues steady expansion.

QSR's valuation is attractive with an 18.74 PE, 2.60x TTM Price/Sales, and a 3.49% dividend, supporting the buy thesis.

jetcityimage/iStock Editorial via Getty Images

Restaurant Brands International ( QSR ) put up mostly solid numbers with the latest earnings release, with Burger King, in particular, doing quite well as comp sales rose by more than 8%. However, the Popeyes chain continues to struggle, and while

Analyst’s Disclosure: I/we have a beneficial long position in the shares of QSR either through stock ownership, options, or other derivatives.…

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