Published on 24 May 2024 on Zacks via Yahoo Finance

Here's Why You Should Retain Restaurant Brands (QSR) Stock

Restaurant Brands International Inc. QSR is likely to benefit from strong comps growth, menu innovation and strategic investments. Also, the focus on the Reclaim the Flame initiative bodes well. However, inflationary pressures and general softening in the consumer environment are a concern.Let us discuss the factors highlighting why investors should retain the stock.

Factors Driving Growth

Restaurant Brands continues to impress investors with solid comps growth. In first-quarter 2024, the company’s consolidated comparable sales came in at 4.6% compared with 10.3% reported in the prior-year quarter. Comps in Tim Hortons (or TH), Burger King (BK) and Popeyes (PLK) came in at 6.9%, 3.8% and 5.7% compared with 14.9%, 8.7% and 3.6%, respectively, reported in the prior-year quarter. The upside was driven by the strengthening of core offerings and enhanced restaurant operations.