Restaurant Brands (QSR) Stock Forecast & Price Target

Restaurant Brands International is recognized as one of the largest restaurant companies globally, generating approximately $44 billion in system sales across over 32,000 restaurants in more than 120 markets. The company has demonstrated strong operational performance, with international same-store sales growth (SSS) improving from +2.6% to +4.2%, and an average SSS of +4.3% over the last eight quarters, indicating consistent market share gains. Additionally, with unit growth projected to exceed 5% before 2028, bolstered by a robust corporate strategy and international expansion, the company is well-positioned for continued sales growth, even in challenging economic conditions.

Restaurant Brands International is facing a challenging operating environment characterized by meaningful deceleration in same-store sales and lower unit growth, primarily due to macroeconomic conditions and declining franchisee profitability. The company is also grappling with greater-than-expected tariff impacts on the Tim Hortons supply chain, deteriorating franchisee relationships, and challenges in selling or refranchising U.S. restaurants. Additionally, elevated costs related to food, labor, and utilities, alongside potential headwinds in consumer spending and Canadian economic conditions, contribute to a broader negative outlook for the company’s financial performance.