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Morgan Stanley On Yum! Brands, Inc.'s Upcoming Quarterly Results: All Eyes On China
Glass believes that Burger King's majority shareholder, 3G Capital, is a major positive to creating shareholder value.
"3G's track record of creating platform companies and generating shareholder value has been strong and we think this new entity will likely continue to grow through acquisitions over time," Glass wrote Monday.
In addition to synergies, Glass sees a "significant" unit growth opportunity ahead as Burger King continues to expand its footprint internationally. With Tim Hortons added to the mix, the analyst expects a combined international growth by 200 basis points which "should be among the fastest international growers in restaurants."
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