Restaurant Brands (QSR) Stock Forecast & Price Target

Restaurant Brands International (RBI) demonstrates strong financial performance with approximately $44 billion in system sales across over 32,000 restaurants in more than 120 markets, positioning it as one of the largest restaurant companies worldwide. The company has achieved consistent same-store sales (SSS) growth, averaging 4.3% over the past eight quarters, along with a significant improvement in international comparable sales from 2.6% to 4.2%. RBI's operational focus and strategic initiatives, including the refranchising in China and the acceleration of unit growth across its brands, contribute to a favorable outlook for sustained sales growth, particularly in a cash-conscious consumer environment.

Restaurant Brands International is experiencing a significant downturn, characterized by a meaningful deceleration in same-store sales and lower unit growth attributed to macroeconomic challenges and declining franchisee profitability. Additional pressures include greater-than-anticipated tariff impacts on the Tim Hortons supply chain, deteriorating consumer discretionary spending favoring at-home dining, and weakening relationships with franchisees. Furthermore, the operating environment remains difficult, with risks including adverse international unit economics, rising costs across various operational inputs, and a projected EBIT/AOI headwind anticipated in 2027, all contributing to a negative financial outlook for the company.