2024-05-02 18:30:55 ET
Summary
- Restaurant Brands International's recent results reflect continued healthy performance, and its recently released five-year outlook is positive too.
- The company's margins, in particular, look good, which add to its forward P/E being competitive compared to other restaurant stocks. The dividends add to the stock's attractiveness, too.
- There are risks ahead, with the US economy showing signs of slowdown, especially as the stock's past performance is underwhelming. On balance, though, there are more positives ahead than not.
When I wrote about the Canadian restaurant brands owner Restaurant Brands International Inc. or RBI ( NYSE:QSR ) ( OTCPK:RSTRF ) in December last year, its year-to-date [YTD] price rise was lagging the S&P Consumer Discretionary Index. Cut to 2024, and the trend has only accentuated further. YTD, the index has flattened out, but QSR has dropped by 5%....
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Restaurant Brands: Healthy Performance And Outlook