Restaurant Brands (QSR) Stock Forecast & Price Target

Restaurant Brands International (RBI) has demonstrated strong operational performance, with international same-store sales (comps) improving from 2.6% to 4.2%, indicating a positive trend in customer engagement and sales efficiency. The brand benefits from substantial capital investments and a focused operational strategy, which have contributed to its ability to outperform the broader restaurant industry. Additionally, robust population growth in Canada and moderate competitive pressure are bolstering the profitability of Tim Hortons, reinforcing its critical role in RBI's overall financial success.

Restaurant Brands International is experiencing stagnation in unit growth, with a mere 3% year-over-year increase largely influenced by closures in its Burger King China division as the brand prepares for a future divestiture. The company's stock has faced lackluster support due to disappointing earnings, primarily stemming from misses in unit growth, compounded by competitive pressures, particularly from McDonald's in the latter half of 2025. Additional downgrades to the outlook are informed by potential challenges in international unit economics, adverse effects on Canadian consumer spending due to interest rate adjustments, and the necessity to pursue more strategic partnerships with Burger King U.S.