Issue 51 – Restaurant Brands (too much of a good thing)

Restaurant Brands International (TSX/NYSE: QSR) operates fast food restaurants all over the world. They own iconic brands like Burger King (BK), Tim Hortons (TH), and Popeyes (POP). Combined, they have over 40,000 restaurants around the world; and growing. Most of this growth originates from BK and POP locations while TH appears to be slowing. Looking forward to 2020, I remain confident that the TH slowdown will prove temporary and that we’ll see better trends next year.

Disclaimer: Palos Funds are shareholders of QSR.


By Charles Marleau, CIM

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