Restaurant Brands International Is a Buy After Strong Earnings
Restaurant Brands International (NYSE: QSR) reported second-quarter revenue of $1.05 billion last week, roughly in line with consensus estimates. Adjusted earnings per share was $0.33, beating consensus projections of $0.29. The company continues to recover from shutdowns brought on by the coronavirus pandemic, with strength in its drive-thru and take-out business bolstering operations.
The quick-service restaurant company, which owns Burger King, Tim Hortons, and Popeyes Louisiana Kitchen, is well-positioned in the current environment where restaurants are subject to in-store dining capacity restrictions and some consumers are still nervous about visiting restaurants due to COVID-19.
Here are three reasons why Restaurant Brands International is potentially a good investment following its recent earnings report.
Source Fool.com
