3 Reasons Restaurant Brands International Is Starting to Look Like a Tasty Stock
After a long period of struggle, the situation may finally look more upbeat for Restaurant Brands International (NYSE: QSR), or RBI, the parent company of Tim Hortons, Burger King, and Popeyes Louisiana Kitchen. The fast-food restaurant chain operator has been in the news lately because of a promotional partnership with singer Justin Bieber, who is boosting a variety of Tim Horton "Timbits" doughnut hole pastries dubbed "Timbiebs."
However, while an endorsement from Justin Bieber might give RBI a temporary boost, the company also has several initiatives underway that should lead to more lasting upside. Here's a look at three of them and why they're bullish for the company's future growth.
Back in March 2020, I identified Tim Hortons as RBI's weak link with shrinking total brand sales and comparable sales (comps), even before the full impact of COVID-19 became clear. Today, however, RBI has managed a remarkable turnaround for its subsidiary with Tim Hortons now one of the main drivers of both revenue growth and rising earnings before interest, taxes, depreciation, and amortization (EBITDA), according to the company's third-quarter earnings report.
Source Fool.com
