CA - Restaurant Brands: Long-Term Investment Vehicle With Compelling Dividend Prospects

2024-05-27 09:30:00 ET

Summary

• Restaurant Brands International has more than 31,000 restaurants worldwide and is one of the largest QSR operators in the world.
• To date, RBI has increased its dividend for 10 consecutive years. The five-year dividend growth rate is only 4%, but the stock does yield a market-beating 3.4%.
• New management and initiatives could be setting up RBI for an extended period of renewed excellence, and that bodes well for the company’s ability to drive its revenue, profit, and dividend higher over the coming years.

Restaurant Brands International Inc. ( QSR ) is a Canadian-American global quick-service restaurant company. Founded in 2014, but with certain roots dating back to 1954, Restaurant Brands International (hereafter referred to as RBI) is now a $22 billion QSR giant that employs approximately 9,000 people. With more than 31,000 restaurants worldwide, RBI is one of the largest QSR operators in the world.

The company has five reportable business segments, corresponding mainly to the company’s four restaurant brands: Tim Hortons (TH), 44% of FY 2023 adjusted operating income; Burger King (BK), 18%; Popeyes Louisiana Kitchen (PLK), 10%; and Firehouse Subs (FHS), 2%. The international segment, which comprises more than 14,000 franchised restaurants, accounts for the remaining 27%....

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