Sector
Restaurants & Franchising
Restaurant franchisors collect royalties on system sales — an asset-light model that converts sales into high-margin free cash flow. The tension is dependable cash generation versus same-store-sales trends and acquisition-driven growth.
Reports in Restaurants & Franchising
MTY Food Group
An acquisitive, asset-light franchisor of ~90 restaurant brands — a free-cash-flow machine fighting soft same-store sales.
Restaurant Brands International
Asset-light global quick-service franchisor behind Tim Hortons, Burger King, Popeyes and Firehouse Subs, generating ~US$1.6B of free cash flow on high-margin royalty streams.