Restaurant Brands International Inc.


Want a discount? Become a member by purchasing Annual Subscription!
SKU: QSR Category:


Restaurant Brands International (QSR): A Story Of Solid Expansion In China 


Restaurant Brands International owned brands; Tim Hortons, Burger King, Popeyes, and Firehouse Subs performed remarkably well in Q4 and the entire fiscal year of 2023. It achieved an 8.1% growth in comparable store sales and a net restaurant growth of 3.9% for 2023, resulting in 12.2% system-wide sales growth and a 7.5% organic adjusted operating income growth. The average franchisee profitability growth exceeded 30% in 2023. However, it is worth noting that during Q4, the organic adjusted operating income remained largely flat year-over[1]year largely due to incremental spending on Burger King’s “Fuel the Flame” initiatives. On a positive note, the company recorded solid traffic growth with Tim Hortons Canada and Burger U.S. turning around to positive growth since Q2 2021. The company did experience a slight decline in Popeyes U.S. and International traffic due to unrest in the Middle East.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

Want unlimited access to our reports? Purchase our $99 annual subscription!