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Restaurant Brands International Inc

QSR: XTSE (CAN)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
CAD 875.00LrlkwLwfwxgfz

Large Restaurants Should Win Big in 2024 Amid Falling Price Increases and More Promotional Activity

As we survey the U.S. restaurant landscape looking toward 2024, the largest, chained restaurants with durable cost advantages look best positioned to outperform. We expect industry growth to remain low—just 1.3% annually in real terms through 2025, versus a long-term average of 2.5%. The sharp slowdown is predominantly attributable to slowing consumption spending, with pressured U.S. consumers already limiting restaurants’ ability to further increase prices and likely driving an uptick in industry promotional activity.

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