Forecast Of The Day: Restaurant Brands Average Revenue Per Tim Hortons Restaurant

QSR: Restaurant Brands logo
Restaurant Brands


Restaurant Brands International’s (NYSE:QSR) Average Revenue per Tim Hortons Restaurant rose from $680,000 in 2019 to about $570,000, although it recovered to about $625,000 in 2021. Trefis expects the metric to grow to levels approaching $695,000 by 2023.


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While sales declined in 2020 due to the Covid-19 lockdowns, we expect future growth to be driven by menu expansion as well as the company’s initiatives to improve the consumer perception of Tim Hortons, via better restaurant experience, product excellence, and brand communications.

So What?

We think QSR stock is undervalued at current levels. We value the stock at about $70 per share, 25% ahead of the current market price.

See Our Complete Analysis For Restaraunt Brands

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

Returns Mar 2022
MTD [1]
YTD [1]
Total [2]
 QSR Return -1% -9% 16%
 S&P 500 Return -1% -9% 93%
 Trefis MS Portfolio Return -2% -12% 245%

[1] Month-to-date and year-to-date as of 3/7/2022
[2] Cumulative total returns since the end of 2016

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