2024-02-13 11:58:16 ET
Summary
- Restaurant Brands International Inc. stock is currently overvalued and investors should wait for a pullback before buying.
- Restaurant Brands International brands, including Firehouse Subs, Popeyes, Burger King, and Tim Hortons, are performing well with strong sales growth.
- Earnings for 2023 were in line with our predictions one year ago, but the company's high debt and leverage are concerning for future growth.
- Take profit in Restaurant Brands International Inc. and look to revisit shares at a better valuation.
When we last covered Restaurant Brands International Inc. (QSR) it was one year ago. We predicted 2023 would see roughly flat EPS from 2022. Here we are exactly one year later and we want to assess the validity of our call and discuss where we see the stock going from here....
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Take Profit In Restaurant Brands: Sales Growth, Minimal Earnings Expansion