Restaurant Brands' Digital Sales Grow Over 20% Y/Y To $14B In 2023, Representing Over A Third Of System-wide Sales
Portfolio Pulse from Benzinga Newsdesk
Restaurant Brands International Inc. reported a year-over-year digital sales growth of over 20% in 2023, reaching $14 billion, which now accounts for more than a third of its system-wide sales.

February 13, 2024 | 11:35 am
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POSITIVE IMPACT
Restaurant Brands International Inc. (QSR) sees significant digital sales growth, with a 20% increase year-over-year in 2023, totaling $14 billion.
The substantial growth in digital sales for Restaurant Brands International Inc. (QSR) indicates a successful adaptation to digital platforms, likely attracting more customers and improving sales efficiency. This growth is significant as it represents over a third of the company's system-wide sales, suggesting a strong consumer shift towards digital ordering. The positive impact on the stock is based on the expectation that increased digital sales will lead to higher revenue and potentially better profit margins due to the efficiency of digital transactions.
CONFIDENCE 95
IMPORTANCE 90
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