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加拿大皇家銀行表示,受漢堡王和國際市場表現強勁的推動,餐飲品牌可望延續第一季的成長動能。

-- 加拿大皇家銀行資本市場(RBC Capital Markets)表示,在漢堡王及其國際業務的強勁推動下,餐飲品牌國際公司(Restaurant Brands International,簡稱QSR)預計將其「積極勢頭」延續至第一季度,同時其估值仍有上漲空間。 該券商在周一的一份報告中指出,預計該公司將「超越」季度預期,並表示風險/回報比和投資者情緒依然樂觀。報告指出,基本面正在改善,且其估值較成熟的全球速食同業折讓幅度高達10%以上。 漢堡王正透過持續的門市翻新、菜單創新和精準行銷來提升業績,預計到2025年底,美國門市的現代化改造率將達到約58%。 加拿大皇家銀行表示,漢堡王翻新門市的數量正接近“臨界規模”,這將對業績產生積極的“光環效應”。其國際業務依然表現突出,在法國、英國、西班牙和德國等主要歐洲市場均展現強勁的實力。 該公司指出,加拿大人口成長放緩可能對Tim Hortons構成潛在不利因素,並可能限制其2026年的同店銷售額成長空間。 Popeyes目前仍在進行營運轉型,可能需要數季才能恢復同店銷售額的正成長。 加拿大皇家銀行(RBC)表示,他們仍然認為Restaurant Brands International是全球特許經營快餐行業的“首選股”,預計美國漢堡王(Burger King)業績的改善、國際業務的加速增長以及資本配置轉向以增長為導向的策略將支撐其股價。 該公司維持對Restaurant Brands International的「跑贏大盤」評級,並將目標價從83美元上調至90美元。

Price: $78.71, Change: $-0.20, Percent Change: -0.25%

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