What was the comprehensive income (loss) attributable to common shareholders for Burger King in 2023?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Revenues: | ||||||
| Supply chain sales | $ 2,708 | $ | 2,679 | $ | 2,583 | |
| Company restaurant sales | 1,592 | 271 | 236 | |||
| Franchise and property revenues | 2,919 | 2,903 | 2,661 | |||
| Advertising revenues and other services | 1,187 | 1,169 | 1,025 | |||
| Total revenues | 8,406 | 7,022 | 6,505 | |||
| Operating costs and expenses: | ||||||
| Supply chain cost of sales | 2,180 | 2,193 | 2,093 | |||
| Company restaurant expenses | 1,328 | 242 | 219 | |||
| Franchise and property expenses | 544 | 512 | 518 | |||
| Advertising expenses and other services | 1,330 | 1,273 | 1,077 | |||
| General and administrative expenses | 733 | 704 | 631 | |||
| (Income) loss from equity method investments | (69) | (8) | 44 | |||
| Other operating expenses (income), net | (59) | 55 | 25 | |||
| Total operating costs and expenses | 5,987 | 4,971 | 4,607 | |||
| Income from operations | 2,419 | 2,051 | 1,898 | |||
| Interest expense, net | 577 | 582 | 533 | |||
| Loss on early extinguishment of debt | 33 | 16 | — | |||
| Income before income taxes | 1,809 | 1,453 | 1,365 | |||
| Income tax expense (benefit) | 364 | (265) | (117) | |||
| Net income | 1,445 | 1,718 | 1,482 | |||
| Net income attributable to noncontrolling interests (Note 13) | 424 | 528 | 474 | |||
| Net income attributable to common shareholders | $ 1,021 | $ | 1,190 | $ |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 109–124)
What This Means (2025 FDD)
According to Burger King's 2025 Franchise Disclosure Document, the comprehensive income attributable to common shareholders in 2023 was $1,181 million. This figure represents the total earnings available to the company's common shareholders after accounting for all income, expenses, gains, and losses, including adjustments for items like foreign currency translation and changes in the fair value of hedges.
For a prospective Burger King franchisee, this information provides insight into the overall financial health and profitability of the parent company. A strong comprehensive income suggests that Burger King is effectively managing its business and generating value for its shareholders. This can be reassuring for franchisees who are investing in the brand and relying on its continued success.
It's important to note that this figure reflects the consolidated performance of Burger King's parent company and not necessarily the profitability of individual franchise locations. While a healthy parent company is generally a positive sign, prospective franchisees should also carefully evaluate the financial performance of existing franchise locations and conduct their own due diligence to assess the potential profitability of their investment.