BYND - Restaurant Brands International: A Great Business Facing Short-Term Challenges

Source: Financial Post

Since our last article on Restaurant Brands International (QSR), the stock is up 4%. I think the main drag is Tim Hortons (“TH”). However, during the last earnings call, management detailed a plan to reignite the growth in TH. In this article, I will go over that plan and the performance of Burger King (“BK”) and Popeye (“PLK”). Finally, I will go over the valuation.

Source: TipRanks

Reigniting the growth of Tim Hortons

The system-wide growth of TH shrunk 2.9% in the final quarter of 2019 while BK’s grew

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