$QSR - Have It Your Way

Burger King Franchisor Basing Into Earnings; Ready for a Breakout?

QSR 0.00%↑ operates 4 brands - Burger King, Tim Horton’s, Popeye’s, and Firehouse Subs. The company reports earnings before market open tomorrow. The chart shows a nice consolidation since around November of last year, following news of the company hiring Patrick Doyle as Executive Chairman. The stock is knocking on the ceiling of its pre-covid high of $70.

I won’t often bring fundamental factors into the write-ups. So to visually represent the Patrick Doyle hire, here’s a chart of the prior company he ran.

It may be take-off time for QSR 0.00%↑ . The nice part is that we don’t have to guess. If the market digests tomorrow’s earnings release positively, the stock will undoubtedly take out the pre-covid high, and sky’s the limit from there. I’ll be entering long positions of different types if that occurs. And if it doesn’t, it sits on the watchlist. No crystal ball needed.