Restaurant Brands International Inc. (NYSE:QSR) was among Jim Cramer’s stock calls on Mad Money as he discussed how semiconductor and AI infrastructure stocks are driving the market higher. Cramer highlighted the company’s latest quarterly results, as he remarked:
Oh boy, it’s been a tough earnings season for the fast food space. We’ve heard some incredibly disputing things from Shake Shack, even McDonald’s seems to be getting dragged down by the poor state of the consumer. But when we heard from Restaurant Brands International earlier this week, that’s the parent company of Burger King, Tim Horton’s, they reported a pretty solid quarter.
More importantly, they told us that Burger King’s American business is taking share and taking names, I was astonished, 5.8% same store sales growth. A lot of guys have double-digit declines. Burger King has spent years working to turn itself around, improving restaurant operations, modernizing stores, offering better menu items. And according to management, this is not an outlier; it’s the new normal.
Restaurant Brands International Inc. (NYSE:QSR) owns and operates quick-service restaurant chains, including Tim Hortons, Burger King, Popeyes, and Firehouse Subs.
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