Topic: How To Invest

Power Growth Investor Hotline – Friday, July 5, 2024

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL INC., $69.61, is a buy. The stock (symbol QSR on New York) gives you exposure to the world’s third-largest fast-food operator. That’s after McDonald’s (No. 1) and Yum Brands (No. 2). The company has 30,125 outlets in over 100 countries: 18,935 Burger King, 5,662 Tim Hortons (coffee and donuts), 4,269 Popeyes Louisiana Kitchen (fried chicken) and 1,259 Firehouse Subs. Restaurant Brands has announced two transactions in China: the acquisition of Popeyes China, and a co-investment with Cartesian Capital into the business of TH International Limited (“Tims China,” symbol THCH on Nasdaq). The two transactions reflect Restaurant Brands’ confidence in China, one of the largest quick-service restaurants markets globally. The company’s total amount of capital outlay will be up to $45 million for the two transactions. Restaurant Brands has agreed to acquire the Popeyes China business from Tims China for $15 million. Following the transaction, Restaurant Brands will own and operate Popeyes China, which opened its first restaurant in August 2023 and has…