Restaurant Brands International Inc

QSR is in a Stage 2 advancing phase within a long-term uptrend, confirmed by a Momentum Breakout and active Lockout Rally. Medium-term bias remains bullish, and Lockout Rally dynamics permit immediate participation despite price extension. Execution targets continuation above the breakout zone, with support at rising 9/21 EMAs. A failure to hold these EMAs would invalidate the bullish bias.

• ↑Q1 revenue $1.42B (+6.2% YoY) with 10.7% organic AOI growth.
• ↑Adjusted EPS $0.86 (+14.6% YoY) and free cash flow $200M.
• ↓Negative earnings yield and overvaluation concerns signal weak valuation.