Look for overseas markets to drive QSR

Article Excerpt

Restaurant Brands shares have jumped 45% in the past year, and are now just below their all-time high of $99. That big gain is largely due to the company’s success at fuelling post-pandemic growth with more drive-thru outlets and improved mobile ordering apps. The company is also opening more outlets overseas, which will let it profit as countries like India and China drop all COVID-19 restrictions. RESTAURANT BRANDS INTERNATIONAL INC. $98 is a buy for aggressive investors. The company (Toronto symbol QSR, Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 452.0 million; Market cap: $44.3 billion; Price-to-sales ratio: 5.1; Dividend yield: 3.0%; TSINetwork Rating: Average; www.rbi.com) is the world’s third-largest fast-food operator after McDonald’s (No. 1) and Yum Brands (No. 2). It has 29,956 outlets in over 100 countries: 18,911 Burger King, 5,620 Tim Hortons (coffee and donuts), 4,178 Popeyes Louisiana Kitchen (fried chicken), and 1,247 Firehouse Subs. Franchisees operate almost all of those outlets. The company continues to benefit from a multi-year plan to spur…