All-day breakfast should help Tims

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL INC. $82 (Toronto symbol QSR; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 467.6 million; Market cap: $38.3 billion; Price-to-sales ratio: 7.9; Dividend yield: 2.9%; TSINetwork Rating: Average; www.rbi.com) operates 17,022 Burger King, 4,794 Tim Hortons (coffee and donuts) and 2,975 Popeyes Louisiana Kitchen (fried chicken) outlets in over 100 countries. Tim Hortons recently began offering an all-day breakfast menu at its outlets in Canada. The sale of breakfast items, such as breakfast sandwiches and hash browns, used to be limited to the morning hours. Tim Horton’s tested all-day breakfast in 2013, but chose not to roll it out. It sees demand for the offering as much higher today. As well, it needs to keep up with the competition—McDonald’s and A&W began offering all-day breakfast in early 2017. Restaurant Brands is still a hold. hold…