Core Viewpoint - Restaurant Brands International is expected to report fiscal Q2 results with revenue slightly above consensus but earnings marginally below expectations, leading to little to no movement in stock price [1][2] Financial Performance - QSR's Q2 2024 revenues are estimated to be around $2.8 billion, reflecting a 9% year-over-year growth in Q1 to $1.74 billion, driven by a 4.6% increase in consolidated comparable sales [3] - The company anticipates full-year 2024 revenues to grow nearly 15% year-over-year to $8 billion [3] - QSR's Q2 2024 earnings per share (EPS) is expected to be $1.18, slightly below consensus estimates, while Q1 EPS grew 18% year-over-year to $0.72 [4] Stock Performance - QSR stock has declined from approximately $78 to $72 year-to-date, underperforming the S&P 500, which has grown about 9% during the same period [1] - The stock has shown inconsistent returns, with -1% in 2021, 7% in 2022, and 21% in 2023, compared to S&P 500 returns of 27% in 2021, -19% in 2022, and 24% in 2023 [1] Market Position - QSR's brands, including Tim Hortons, Popeyes, and Firehouse Subs, have significant international growth potential compared to competitors like McDonald's and Burger King [1] - The company's net restaurant growth in Q1 was 3.9% year-over-year, contributing to a total of 31,113 restaurants globally [1]

Core Viewpoint - Restaurant Brands International Inc. is expected to report its second-quarter earnings on August 8, 2024, with analysts projecting earnings of 87 cents per share and revenue of $2.03 billion [1][2]. Financial Performance - Analysts anticipate quarterly earnings of 87 cents per share for Restaurant Brands [2]. - The projected quarterly revenue for the company is $2.03 billion [2]. Stock Performance - Restaurant Brands shares experienced a decline of 1.7%, closing at $70.52 [2]. Analyst Ratings - B of A Securities analyst Gregory Francfort maintained an Underperform rating and raised the price target from $72 to $79 [2]. - Morgan Stanley analyst John Glass maintained an Equal-Weight rating and reduced the price target from $86 to $83 [2]. - Truist Securities analyst Jake Bartlett maintained a Buy rating but lowered the price target from $90 to $87 [2]. - Keybanc analyst Eric Gonzalez maintained an Overweight rating and cut the price target from $85 to $80 [2]. - TD Cowen analyst Andrew Charles reiterated a Buy rating with a price target of $88 [2].

Restaurant Brands (QSR) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August ...

SALUS Fresh Foods SALUS Fresh Foods, an asset light 100% franchised system, has nine (9) established street-front and food court real estate locations in Ontario. "When looking for an acquisition we look for the 3 P's: People, Product and Process. With co-founders Adam and David Spagnuolo of SALUS Fresh Foods, we found exactly that," said Sean Black, Chief Investment Officer of Happy Belly. SALUS Fresh Foods SALUS Fresh Foods Happy Belly will issue such number of common shares of Happy Belly equal in value ...

Core Insights - Happy Belly Food Group Inc. has signed an area development agreement to open 40 franchised restaurants of Heal Wellness in Ontario, focusing on fresh smoothie bowls and smoothies [1] - The health and wellness sector is identified as a rapidly growing segment within the restaurant industry, highlighting Happy Belly's commitment to expanding Heal [1] - The company has a total of 366 retail locations in the pipeline across its brands, with 90 specifically for Heal, indicating a robust growth strategy [1] Company Overview - Happy Belly Food Group Inc. is a leading consolidator of emerging food brands, aiming to establish Heal as a national smoothie bowl chain in Canada [1][3] - The company is actively sourcing real estate locations and evaluating franchisee applications to support its asset-light franchising model [1] - Six of Happy Belly's quick service restaurant brands currently have new locations under construction across Canada, with plans for further announcements throughout 2024 [1] Heal Wellness Overview - Heal Wellness focuses on providing quick, fresh wellness foods that cater to busy lifestyles, offering a variety of smoothie bowls and smoothies made with superfood ingredients [2] - The brand emphasizes the use of real fruit and superfoods like acai, pitaya, and chia seeds in its menu offerings [2]

Core Insights - Happy Belly Food Group is expanding its Heal Wellness brand with the opening of a new location in Sherwood Park, Alberta, marking the second store opening in Western Canada within six weeks and a total of eleven locations across Canada [1][12] - The company has a contractual commitment for 50 Heal units in Western Canada, indicating a strong growth strategy in the region [1] - The Sherwood Park location is expected to significantly enhance Heal's customer base due to the area's rapid growth and alignment with health and wellness demographics [1] Company Expansion - Happy Belly Food Group has a total of 326 retail locations planned across all its emerging brands, showcasing a robust pipeline for future growth [2] - The company is actively sourcing real estate and reviewing franchisee applications to accelerate its asset-light franchising model [2] - The rapid expansion of the Heal Wellness brand reflects the company's effective execution and growing free cash flow, which may lead to an accelerated corporate store development timeline [2] Brand Overview - Heal Wellness focuses on providing quick, fresh wellness foods, including a diverse range of smoothie bowls and smoothies made from carefully selected superfood ingredients [5] - The brand aims to support busy and active lifestyles, emphasizing health and nutrition through its product offerings [5] Corporate Information - Happy Belly Food Group Inc. is recognized as a leading consolidator of emerging food brands, operating under the ticker symbols CSE: HBFG and OTCQB: HBFGF [6][12]

Group 1 - The options market is indicating significant expected movement for Restaurant Brands shares, particularly with the Aug 16, 2024 $40.00 Call showing high implied volatility [3][4] - Restaurant Brands currently holds a Zacks Rank 3 (Hold) in the Retail - Restaurants industry, which is in the top 43% of the Zacks Industry Rank [1] - Over the past 30 days, no analysts have raised their earnings estimates for the current quarter, while one analyst has lowered the estimate, resulting in a consensus estimate decrease from 87 cents to 86 cents per share [1] Group 2 - High implied volatility in options suggests that investors anticipate a significant price movement, potentially due to an upcoming event that could lead to a rally or sell-off [4] - The current sentiment among analysts regarding Restaurant Brands indicates that the high implied volatility may signal a developing trading opportunity, as seasoned traders often seek to sell premium on such options [5]

"The University of Calgary, with its vibrant campus community of over 33,000 students and 203,000 Alumni, is an ideal location for Heal's menu of smoothies and acai bowls. The diverse and health-conscious student population is always on the lookout for nutritious and convenient meal options that can fit into their busy schedules. Additionally, the university's commitment to wellness and healthy living aligns perfectly with the offerings of Heal, ensuring a steady stream of customers," said Sean Black, Chief ...

Roland Magnusson Investment Thesis Macro Environment Tight consumer budgets have been instrumental in sparking a price war among fast food chains. While Burger King will now offer a discounted menu for $5 for an extended period of time, McDonald's will only offer a similar menu with the same price tag in the summer time to not wake up demand. | --- | --- | --- | --- | |----------------------|----------------------------|-------------|------------------| | Country | No. Of locations \|Country | | No. Of loca ...

Restaurant Brands International Inc. (QSR) has announced two significant transactions aimed at bolstering its presence in China. These strategic moves reflect QSR's confidence in China as a pivotal market and its commitment to driving regional growth. The company has acquired the Popeyes China business from TH International Limited (Tims China) for an enterprise value of $15 million on a cash-free, debt-free basis. This acquisition allows QSR to directly own and operate Popeyes China, which has seen promisi ...