Equity Profile

QSR

Restaurant Brands International Inc.

Consumer DiscretionaryRestaurants$26.2B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Restaurant Brands International Inc. (QSR) operates several well-known fast-food brands, including Burger King and Tim Hortons....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and is closely watched by investors.

N/A

Revenue Growth

Revenue growth indicates how well the company is expanding its business and attracting customers.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

QSR Q2-2026 Earnings Preview

Context

Company Snapshot

Restaurant Brands International Inc. (QSR) operates several well-known fast-food brands, including Burger King and Tim Hortons. As a major player in the consumer discretionary sector, it reflects trends in consumer spending and dining preferences.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+0.82%

Avg Stock Reaction

-2.25%

Last Quarter Recap

In Q1 2026, QSR reported an EPS of $0.86, beating estimates by 4.37%. However, the stock fell 5.47% the next day, indicating market disappointment despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about QSR's upcoming earnings, especially after a series of mixed results in previous quarters. The focus will be on whether the company can sustain its earnings growth.

Bull Case

If QSR can deliver strong same-store sales growth and maintain or improve its EPS, it could signal a robust recovery in consumer spending and brand strength.

Bear Case

Conversely, if the company reports disappointing sales figures or misses EPS expectations, it could further dampen investor sentiment, especially given the recent stock performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the same-store sales growth rate for Q2 2026?

This metric is critical for assessing the company's operational health and consumer demand, which directly impacts future earnings.

What guidance will management provide for EPS in the upcoming quarters?

Guidance on EPS will help investors gauge the company's outlook and growth potential, influencing stock performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may underestimate the potential for strong same-store sales growth due to recent consumer spending trends, which could positively impact QSR's performance.

Supporting Evidence

Options are pricing a 3.8% move, but the stock has averaged only 3.1% in the past, suggesting potential upside.

The company has a history of beating EPS estimates, which could lead to a positive surprise this quarter.

Key Risk

If same-store sales growth exceeds 5%, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus is on how well QSR can perform in a competitive market and whether it can maintain profitability amid economic pressures.

Bull Confirmed If

Same-store sales growth of +5% or better would confirm the bull case, indicating strong consumer demand.

Bear Confirmed If

A same-store sales decline or EPS below $0.80 would confirm the bear case, raising concerns about the company's growth trajectory.

Pre-Earnings Positioning

Options Market

Implied Move

±3.8%

Historical Avg

±3.1%

Pricing rich

The options market is pricing in a move of about 3.8%, suggesting that traders expect some volatility around the earnings announcement.

Options are pricing ±3.8% while QSR has averaged ±3.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

26.3%

Calls (53K)P/C Ratio: 1.13Puts (7K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 8 of 21 (38%)

This setup has occurred 30 times across Consumer Discretionary in the last 2 years. 13 of 21 (62%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.9%, with a raw directional average of +2.2% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If QSR beats expectations, history suggests the stock could rise by about 1.5% on the first day, confirming a positive trend.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may experience a muted reaction, reflecting uncertainty.

Miss

If QSR misses earnings expectations, history suggests a potential decline of around 2.8%, which could further shake investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new menu items or promotions that could drive sales.
2Insights into consumer trends and spending behavior in the fast-food sector.
3Management's outlook on cost pressures and how they are managing inflation.
4Details on expansion plans or new store openings.
5Any commentary on competition and market share.

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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Restaurant Brands International Inc. (QSR) operates several well-known fast-food brands, including Burger King and Tim Hortons....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and is closely watched by investors.

N/A

Revenue Growth

Revenue growth indicates how well the company is expanding its business and attracting customers.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

QSR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+0.82%

Avg Stock Reaction

-2.25%

Last Quarter Recap

In Q1 2026, QSR reported an EPS of $0.86, beating estimates by 4.37%. However, the stock fell 5.47% the next day, indicating market disappointment despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If QSR can deliver strong same-store sales growth and maintain or improve its EPS, it could signal a robust recovery in consumer spending and brand strength.

Bear Case

Conversely, if the company reports disappointing sales figures or misses EPS expectations, it could further dampen investor sentiment, especially given the recent stock performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the same-store sales growth rate for Q2 2026?

This metric is critical for assessing the company's operational health and consumer demand, which directly impacts future earnings.

What guidance will management provide for EPS in the upcoming quarters?

Guidance on EPS will help investors gauge the company's outlook and growth potential, influencing stock performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may underestimate the potential for strong same-store sales growth due to recent consumer spending trends, which could positively impact QSR's performance.

Supporting Evidence

Options are pricing a 3.8% move, but the stock has averaged only 3.1% in the past, suggesting potential upside.

The company has a history of beating EPS estimates, which could lead to a positive surprise this quarter.

Key Risk

If same-store sales growth exceeds 5%, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus is on how well QSR can perform in a competitive market and whether it can maintain profitability amid economic pressures.

Bull Confirmed If

Same-store sales growth of +5% or better would confirm the bull case, indicating strong consumer demand.

Bear Confirmed If

A same-store sales decline or EPS below $0.80 would confirm the bear case, raising concerns about the company's growth trajectory.

Pre-Earnings Positioning

Options Market

Implied Move

±3.8%

Historical Avg

±3.1%

Pricing rich

The options market is pricing in a move of about 3.8%, suggesting that traders expect some volatility around the earnings announcement.

Options are pricing ±3.8% while QSR has averaged ±3.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

26.3%

Calls (53K)P/C Ratio: 1.13Puts (7K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 8 of 21 (38%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If QSR beats expectations, history suggests the stock could rise by about 1.5% on the first day, confirming a positive trend.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may experience a muted reaction, reflecting uncertainty.

Miss

If QSR misses earnings expectations, history suggests a potential decline of around 2.8%, which could further shake investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new menu items or promotions that could drive sales.
2Insights into consumer trends and spending behavior in the fast-food sector.
3Management's outlook on cost pressures and how they are managing inflation.
4Details on expansion plans or new store openings.
5Any commentary on competition and market share.