Restaurant Brands International (QSR) Stock

Toronto, Ontario--(Newsfile Corp. - November 25, 2024) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is pleased to announce that it has signed its 46th franchise for HEAL Wellness and has secured a real-estate location at 301 Queen Street South in Bolton for this franchisee. Heal Wellness ("Heal") is a fresh smoothie bowls, acai bowls, and smoothies quick serve restaurant ("QSR").

QSR focuses on strategic investments in marketing and restaurant modernization to drive growth. However, macro pressures are a concern.

Toronto, Ontario--(Newsfile Corp. - November 22, 2024) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is pleased to announce the opening of its newest location, a co-location with Blenz Coffee, at 8503-112 Street North West, within North Town Center, Edmonton. Heal Wellness ("Heal") is a fresh smoothie bowls, acai bowls, and smoothies quick serve restaurant ("QSR").

Restaurant Brands International has had a lackluster 12 months, with the stock virtually flat in that time. Comparable sales growth has been slowing throughout the year, including in the company's most recent quarter. Given management's growth ambitions, 20x consensus 2024 EPS probably isn't expensive for this business, but the current trend in comparable sales leaves me cautious for now.

Toronto, Ontario--(Newsfile Corp. - November 19, 2024) -  Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is pleased to announce it has signed a franchisee for Kingston, Ontario for its Heal Wellness brand, a fresh smoothie bowls, acai bowls, and smoothies quick serve restaurant ("QSR"). Heal Wellness 1 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6625/230560_0479325af42f3ab7_002full.jpg "When first acquired, Heal had two locations serving smoothie and acai bowls and did not have a franchising program.

After a 10% decline since the beginning of this year, at the current price of around $68 per share, we believe Restaurant Brands International Inc. stock (NYSE: QSR), one of the largest fast-food restaurant chains in the world, including Burger King, Tim Hortons, Popeyes, and, since late 2021, also Firehouse Subs - could see modest gains in the near term. QSR stock has declined from around $78 to $68 year-t0-date, underperforming the broader indices, with the S&P growing about 20% over the same period.

Restaurant Brands International faces challenges in China, but strong performance in the US and other international markets supports a 'Strong Buy' rating. Tim Hortons and the International segment are key growth drivers, contributing nearly 70% of QSR's adjusted operating profit. Despite macro pressures, the Company's diversified portfolio enables resilience, with consolidated comparable sales growing year-over-year.

QSR's third-quarter revenues benefit from system-wide sales increases at International (INTL) and Tim Hortons (TH).

Restaurant Brands International Inc. (NYSE:QSR ) Q3 2024 Earnings Call Transcript November 5, 2024 8:45 AM ET Company Participants Kendall Peck - Head of Investor Relations Josh Kobza - Chief Executive Officer Sami Siddiqui - Chief Financial Officer Patrick Doyle - Executive Chairman Conference Call Participants Brian Bittner - Oppenheimer & Co John Ivankoe - JPMorgan Dennis Geiger - UBS David Palmer - Evercore ISI Gregory Francfort - Guggenheim Lauren Silberman - Deutsche Bank Danilo Gargiulo - AB Bernstein Sara Senatore - Bank of America Jon Tower - Citi Christine Cho - Goldman Sachs Operator Good morning and welcome to the Restaurant Brands International Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.