Professional
Added to YB: 2025-03-21
Pitch date: 2025-03-14
QSR [neutral]
Restaurant Brands International Inc.
+10.2%
current return
Author Info
No bio for this author
Company Info
Restaurant Brands International Inc. operates as a quick-service restaurant company in Canada, the United States, and internationally.
Market Cap
$20.7B
Pitch Price
$64.31
Price Target
N/A
Dividend
3.90%
EV/EBITDA
13.92
P/E
20.02
EV/Sales
4.40
Sector
Hotels, Restaurants and Leisure
Category
value
Pershing Square Holdings, Ltd. Portfolio Holding: Restaurant Brands International Inc.
QSR (holding update): Tim Hortons (40% of profits) & int'l div (30%) outperforming peers. TH: 4% SSS, 15 qtrs traffic growth, 10% franchisee profit increase. BK US turnaround progressing, $1B Carrols acquisition accelerates remodels. Mgmt targets 8%+ op profit growth. Trades at 18x fwd earnings, 30%+ discount to peers despite similar growth. Strong model, improving performance.
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