QSRNYSERetail-Eating Places

Restaurant Brands International Inc. (QSR) earnings date, market-implied expected move, and options open interest by expiry

72.45

Closed16:00 ET

Open73.13Volume4.8MMkt cap$32.9BP/E25.85Div yield3.55%

Day72.18 – 73.6818%52-wk62.26 – 81.1554%

QSR

Restaurant Brands International Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Feb 11

before open · in 102 days

est.Q4 FY26

Calendar

Next report

Last report

−2.03%

vs ±5.3% implied · ×0.38

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmed

Implied vs realized

Linked news

3dKO · supplierCoca-Cola posts Q3 net income $4,009 million, revenue $13,380 million, EPS $0.93
26dKDP · supplierKeurig Dr Pepper Reveals 2027 Beverage Innovation Ahead of NACS Show

News

Largest filed tie

13F top-10 QoQ

+6.75%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

582 managers

Top fund weight

0.79%

QSR weight · EWC

N-PORTAug 31 '26

2 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Restaurant Brands (QSR) is expected to report on Feb 11 before open (estimated date).

Implied vs realized

2 reports

—≥ implied

Q2 FY26Aug 6 '26confirmed—▼−2.11%—

Oct 29 '26Oct 29 '26confirmed±5.3%▼−2.03%×0.38

quarterimplied−10%0+10%realized×

Oct '26±5.3%▼−2.03%×0.38

Q2 FY26—▼−2.11%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 28 close

0.89OI · 4 expiries · Oct 28 closeP/C open interest · Apr 16 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

3,2340%Nov 2019d1.651,9550%1.65

297+1%Dec 1847d0.241,237+1%0.24

3,5560%Jan 1575d0.724,9650%0.72

report · Feb 11 · before open · est.

1050%Apr 16166d1180%

ExpiryPutsCallsP/C

Nov 2019d3,2340%1,9550%1.65

Dec 1847d297+1%1,237+1%0.24

Jan 1575d3,5560%4,9650%0.72

report · Feb 11 · before open · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ2 FY26

26.39%as filednet margin · revenue +11.31% QoQ · +4.56% YoY

Revenue

$2.5B+11.31% QoQ

Gross profit

$1.4B+12.59% QoQ

54.64% margin

Operating income

$716M+18.15% QoQ

28.41% margin

Pre-tax income

$592M+22.57% QoQ

Net income

$665M+49.44% QoQ

26.39% margin

Cost of revenue

$1.1B+9.80% QoQ

Operating expenses

$661M+7.13% QoQ

Marketing $369M

SG&A $181M

Other operating $111M

Other expense

$124M

Tax benefit

$73M

Revenue$2.5B+11.31%

Gross profit

$1.4B+12.59%

54.64% margin

Operating income

$716M+18.15%

28.41% margin

Pre-tax income

$592M+22.57%

Net income

$665M+49.44%

26.39% margin

Cost of revenue

$1.1B+9.80%

Operating expenses

$661M+7.13%

Marketing $369M

SG&A $181M

Other operating $111M

Other expense

$124M

Tax benefit$73M

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

PPI ×1.30· ±1.4% vs ±1.1% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.4%6 of 11×1.30

PCEpersonal income & outlays±1.3%11 of 19×1.19

NFPjobs report±1.1%8 of 10×0.99

GDPgross domestic product±1.1%12 of 19×0.98

CPROFcorporate profits±1.0%6 of 12×0.91

FOMCrate decision±0.9%10 of 24×0.80

CPIconsumer prices±0.7%6 of 11×0.67

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS 1.45 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	1.45	—
Q1 FY26	—	0.97	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod