This Consumer Stock Is Trouncing the Market in 2022, and It Just Got a Major Boost
I previously wrote about Restaurant Brands International (NYSE: QSR) this summer, calling it a good stock for a volatile market thanks to its resilient business and generous dividend. Since that point, the stock has done even better than I expected, as shares rose based on impressive second- and third-quarter results. The stock is up 15% over the past year, trouncing the broader indexes, which are in bear market territory.
The stock wasn't exactly in need of a catalyst, but it got a major boost last week when former Domino's Pizza CEO Patrick Doyle joined Restaurant Brands as executive chairman. Restaurant Brands has been a strong performer year to date (up roughly 11%), but the party doesn't have to end anytime soon. Here's why its stock could have upside of 80% or more over the next few years.
Image source: Getty Images.
Source Fool.com
