Fighting recession will not affect the sale of Popeye's new fried chicken sandwich: Restaurant Brands CEO

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If there is a US recession in short term horizon, it is yet to appear in any form in the drive-thrus of fast-food giant Restaurant Brands International ( QSR ). "data-reactid =" 15 "> If there is a US short-term economic downturn, it is not yet in any form in the drive-thrus of fast-food giant Restaurant Brands International (QSR).

<p class = "canvas atom canvas-text Mb (1[ads1].0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Owner of Burger King, Popeyes Louisiana Kitchen and Tim Horton continues to score remarkable successes with new, more affordable menu items. It includes the new $ 4.99 (pre-tax) Popeye's Fried Chicken Sandwich, which has burst onto Twitter as hardcore eaters express their views on who has the best fried chicken sandwich in fast food games (Chick-Fil-A or Wendy's & # 39; s). & nbsp; Restaurant Brand CEO José Cil & nbsp; told Yahoo Finance – in not so many words – t his strong consumer response to social media & nbsp; has translated into impressive sales of the sandwich since its release on August 12. "data-reactid =" 16 "> Owner of Burger King, Popeye's Louisiana Kitchen and Tim Hortons continues to achieve remarkable successes with new menu items with higher price. It includes the new $ 4.99 (pre-tax) Popeye's Fried Chicken Sandwich, which has burst onto Twitter as hardcore eaters express their views on who has the best fried chicken sandwich in the fast food game (Chick-Fil-A or Wendy & # 39; s). Restaurant Brand CEO José Cil told Yahoo Finance – in not so many words – the strong consumer response on social media has translated into impressive sales of the sandwich since its August 12 release.

Burger King's new plant-based Impossible Foods Whopper – priced around $ 6 – has been so hot that the chain has difficulty keeping it in stock, Cil suggested.

“If we deliver good food, great experiences and great restaurants, I think what happens at a macro level [economic] is less effective in our restaurants. I have seen that big companies are performing poorly in growing economies and smaller companies are doing very well in poor economies, "says Cil.

All in all, if consumers were afraid of losing their gaming jobs – these prices would be menu items at the Restaurant Brands Probably Not I Don't Sell Well Instead people choose to eat at home to save money – much like the behavior seen during the financial crisis of 2008 to 2009. Cil says he hasn't seen any cooling in sales in the company's thousands of US

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Restaurant Brands economy supports CIL's requirements. Popeyes and Burger King had a 2.9% and 0.5% increase in US same store sales during the second quarter, respectively. Considering how competitive the fast food industry is – and Restaurant Brands is not a major player in key breakfast hours like rival McDonald's – sales were better than average.

<p class = "canvas atomic canvas text Mb (1.0 em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Investors appreciate Cil's press on more premium products, although Cil acknowledged the company's second-quarter revenue this month Burger King could use a few more entry-level foods (such as the new $ 1 taco) .The stock at Restaurant Brands is up a cool 46% this year, roughly three times more than the S&P 500 ( ^ GSPC ). McDonald's and Wendy's shares have risen 21% and 35%, respectively, the year before. "data-reactid =" 32 "> Investors appreciate Cil's push into several premium products, though Cil acknowledges the company's second-quarter revenue this month Burger King may use a few more entry-level foods (such as the new $ 1 taco). Restaurant Brands shares are up 46% this year, about three times more than the S&P 500 (^ GSPC). McDonald's and Wendy's have 21% and 35% shares year-on-year, respectively.

"We are confident of long-term growth with an international network of master franchisees. Menu innovation at Burger King USA and innovation / digital enhancements in Tim Horton, Canada should support sales acceleration in the same store," Credit Suisse analyst Lauren Silberman wrote in a recent note to clients.

Watching you drive through.

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Yahoo Finance & # 39; s Myles International contributed to this story. "data-reactid =" 35 "> Yahoo Finance & # 39; s Myles International contributed to this story.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Brian Sozzi is editor of large and co-host for [19659047] The First Trade at Yahoo Finance. Follow him on Twitter @BrianSozzi "data-reactid = "36"> [19659017] Brian Sozzi is the editor and co-host of The First Trade [1 9459034] at Yahoo Finance. Follow him on Twitter @BrianSozzi

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – – sm "type =" text "content =" Read the latest financial and business news from Yahoo Finance "data-reactid =" 37 "> Read the latest financial and business news from Yahoo Finance [19659029] < p class = "canvas atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Follow Yahoo Finance at [19659047] Twitter Facebook Instagram Flipboard SmartNews LinkedIn [19659021] YouTube and reddit . "data-reactid =" 43 "> [19659017] Follow Yahoo Finance on Twitter Facebook Instagram Flipboard [19659014] SmartNews LinkedIn YouTube [19659014] and reddit .