Core Insights - Restaurant Brands International Inc. (RBI) has rescheduled its third quarter earnings release and analysts call to October 30 from November 5 due to a scheduling conflict [1][2] - RBI operates several well-known brands including Burger King, Popeyes Louisiana Kitchen, Tim Hortons, and Firehouse Subs [2] - Following the announcement, RBI shares decreased by 1.5% to $67.95, having previously traded as high as $68.75 [2] Financial Performance - For the second quarter ended June 30, RBI reported a net income of $263 million, or 57 cents per share, a decline from $484 million, or $1.06 per share, in the same period the previous year [3] - Revenues for the same quarter increased to $2.410 billion, up from $2.08 billion year-over-year [3] - RBI operates over 32,000 restaurants across more than 120 countries and territories [3]

Core Viewpoint - Bill Ackman's Pershing Square Capital Management has a strong focus on individual stock analysis and has generated significant returns, with a notable investment in Restaurant Brands International (QSR) which provides reliable passive income through dividends [1][2]. Company Overview - Pershing Square Capital Management owned 10 stocks at the end of Q2, focusing on thorough bottom-up analysis [2]. - QSR has been part of Pershing's portfolio since its IPO in 2012 and owns popular fast-food chains like Burger King, Tim Horton's, and Popeye's [4]. Financial Performance - Over the past five years, QSR's stock has only increased by about 13%, facing challenges such as competition, supply chain issues, and inflation [5]. - QSR has a high debt level of approximately $13.4 billion and a debt-to-equity ratio exceeding 4 as of the end of Q2 [5]. Business Model and Strategy - Ackman and his team favor QSR for its "high-quality, capital-light" franchise model, which generates royalties from leading fast-food brands [6]. - Burger King International reported over 4% same-store sales growth year-over-year, outperforming McDonald's [6]. - QSR is revamping its U.S. business and plans to invest $500 million into the Carrols Restaurant Group to modernize over 600 restaurants before refranchising [7]. Dividend and Cash Flow - QSR offers a high dividend yield of approximately 3.90%, with $544 million paid in dividends in the first half of the year, translating to an annual run rate of about $1.09 billion [9][10]. - Over the past 12 months, QSR generated free cash flow of $1.35 billion, providing a buffer for dividend payments [10]. - Despite net income of $484 million in the first half of the year being below dividends paid, management remains optimistic about future food price cycles [10][11]. Investment Position - As of the end of Q2, Pershing's stake in QSR was valued at $1.52 billion, yielding approximately $59.5 million in dividends annually based on the 3.90% yield [12].

Company Overview - Minor International Public Company Limited is a Thai company operating in the global hospitality, restaurant, and lifestyle sectors, with a presence in over 60 countries [1] - The company manages well-known brands such as Anantara Hotels, NH Hotels, The Pizza Company, Burger King, and The Coffee Club [1] - The market capitalization of Minor International is approximately US$4.1 billion [1] Performance Metrics - The company's Profitable Growth rank is 8, which has declined from the previous period's 3rd rank, indicating below-average performance compared to 970 large consumer discretionary companies globally [5] - The Profitability rank is also 8, which is worse than its Growth rank of 6, and has decreased from the prior period's 7th rank, again reflecting below-average performance compared to peers [5] - The Growth rank has dropped to 6 from the previous period's 1st rank, further emphasizing below-average performance relative to competitors [5]

Core Viewpoint - Restaurant Brands International (RBI), the owner of Burger King and Tim Hortons, has experienced a decline in stock performance in recent quarters, with shares dropping approximately 10% including dividends [1]. Company Performance - The stock has been a relatively weak performer among consumer-facing stocks, indicating challenges in maintaining investor confidence and market position [1]. Investment Strategy - The investment approach suggested is a long-term, buy-and-hold strategy, focusing on stocks that can sustainably deliver high-quality earnings, particularly in the dividend and income sectors [1].

Core Viewpoint - Restaurant Brands International (RBI), the owner of Burger King and Tim Hortons, has experienced a decline in stock performance in recent quarters, with shares dropping approximately 10% including dividends [1]. Company Performance - The company's stock has been a relatively weak performer compared to other consumer-facing stocks [1]. - The decline in shares indicates challenges in maintaining high-quality earnings sustainably [1]. Investment Strategy - The investment approach discussed emphasizes a long-term, buy-and-hold strategy, particularly favoring stocks that can deliver sustainable high-quality earnings [1].

Group 1 - Restaurant Brands International Inc. reported fiscal second quarter 2025 results with revenue of $2.41 billion, a 15.87% year-over-year increase, exceeding expectations by $71.97 million [2] - The company's EPS was $0.94, slightly missing Wall Street estimates by $0.03 [2] - System-wide sales grew by 5.3% year-over-year, with international sales increasing by 9.8% [2] Group 2 - Analysts have expressed bullish sentiment towards Restaurant Brands International, with Jake Barlett from Truist Financial reiterating a Buy rating and a price target of $81 [3] - Gregory Francfort from Guggenheim also reiterated a Buy rating, raising the price target from $77 to $78 [3] Group 3 - Restaurant Brands International is a global quick-service restaurant company that owns and franchises brands such as Tim Hortons, Burger King, Popeyes, and Firehouse Subs [4]

Group 1: Amazon - Amazon has developed a strong artificial intelligence (AI) business within its Amazon Web Services (AWS) division, presenting a significant growth opportunity [5] - The company reported a 13% year-over-year sales increase in the second quarter, with AWS growing nearly 18% and e-commerce sales up 11% [6] - Amazon's operating income rose from $14.7 billion to $19.2 billion year-over-year, exceeding management's guidance, and its current P/E ratio of 34 is less than half its five-year average of 76, indicating a potentially attractive valuation [7] - Billionaire investors, including Bill Ackman, have significantly increased their holdings in Amazon, with Ackman purchasing 5,823,316 shares worth $1.2 billion [8] Group 2: Restaurant Brands International - Restaurant Brands International operates four major fast-food chains: Burger King, Tim Hortons, Popeye's, and Firehouse Subs, with over 32,000 stores globally [10] - The franchise model allows for low capital expenditures and high cash generation, making it appealing to value investors [11] - The company reported a 5.3% year-over-year increase in total restaurant sales and a 16% rise in revenue in the second quarter [12] - Stanley Druckenmiller and Bill Ackman have invested in Restaurant Brands, with Ackman's fund holding an 11% position [13] - The stock offers a dividend yield of 3.8%, making it attractive for passive income investors [14] Group 3: Whirlpool - Whirlpool is a U.S. manufacturer of home appliances, sensitive to housing market conditions, and has faced challenges due to high interest rates [15] - The company may benefit from a resurgence in home buying and has a $2 billion builders business, positioning it well for future growth [16] - Whirlpool is currently trading at a forward P/E ratio of 11, indicating it may be undervalued, and billionaire David Tepper purchased 266,092 shares worth $27 million [18]

Core Viewpoint - Restaurant Brands (QSR) reported quarterly earnings of $0.94 per share, missing the Zacks Consensus Estimate of $0.97 per share, but showing an increase from $0.86 per share a year ago [1][2] Financial Performance - The company posted revenues of $2.41 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.91%, compared to $2.08 billion in the same quarter last year [3] - Over the last four quarters, Restaurant Brands has exceeded consensus revenue estimates twice [3] Stock Performance - Restaurant Brands shares have increased by approximately 5.3% since the beginning of the year, while the S&P 500 has gained 7.9% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.01 on revenues of $2.38 billion, and for the current fiscal year, it is $3.69 on revenues of $9.2 billion [8] - The estimate revisions trend for Restaurant Brands was mixed ahead of the earnings release, which may change following the recent report [7] Industry Context - The Retail - Restaurants industry is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting potential challenges for stock performance [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [6]

Company Overview - Restaurant Brands is expected to report quarterly earnings of $0.97 per share, reflecting a year-over-year increase of +12.8% [3] - Revenues are anticipated to reach $2.34 billion, representing a 12.6% increase from the previous year [3] Earnings Estimates and Revisions - The consensus EPS estimate has been revised 0.4% higher in the last 30 days, indicating a positive reassessment by analysts [4] - The Most Accurate Estimate for Restaurant Brands is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.15% [12] Earnings Surprise Prediction - A positive Earnings ESP reading suggests a higher likelihood of an earnings beat, especially when combined with a Zacks Rank of 3 [10][12] - Historically, Restaurant Brands has beaten consensus EPS estimates in two out of the last four quarters [14] Industry Context - In comparison, Jack In The Box is expected to report earnings of $1.16 per share, which indicates a year-over-year decline of -29.7% [18] - Jack In The Box's revenue is projected to be $340.36 million, down 7.8% from the previous year [18]

Group 1 - McDonald's is a globally recognized brand, while Restaurant Brands International, which includes Burger King, is less known in the stock market [1] - The author has extensive experience in executive management and knowledge in various sectors including insurance, climate change, and ESG [1] Group 2 - The article does not provide specific financial data or performance metrics for McDonald's or Restaurant Brands International [2][3]