What was the diluted earnings per share for Burger King in 2023?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
y 1, 2023, would not be materially different from the results reported during 2024 and 2023.
The unaudited pro forma information has been prepared for comparative purposes only, in accordance with the acquisition method of accounting, and is not necessarily indicative of the results of operations that would have occurred if the Carrols Acquisition had been completed on the date indicated, nor is it indicative of our future operating results.
Note 4. Earnings per Share
An economic interest in Partnership common equity is held by the holders of Class B exchangeable limited partnership units (the "Partnership exchangeable units"), which is reflected as a noncontrolling interest in our equity. See Note 13, Shareholders' Equity.
Basic and diluted earnings per share is computed using the weighted average number of shares outstanding for the period. We apply the treasury stock method to determine the dilutive weighted average common shares represented by out
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 diluted earnings per share in 2023 was $3.76. This metric reflects the portion of Burger King's profit allocated to each outstanding share, considering the dilutive effect of stock options, warrants, and convertible securities. Diluted EPS provides a more conservative view of profitability than basic EPS.
For a prospective Burger King franchisee, understanding diluted earnings per share offers insight into the financial health and profitability of the overall Burger King corporation. While franchisees do not directly share in these earnings, the corporation's financial stability can impact its ability to support franchisees through marketing, supply chain management, and brand development.
The FDD provides a table summarizing the basic and diluted earnings per share calculations, offering a clear view of the company's financial performance over the past three years. This information helps potential investors and franchisees assess the financial stability and growth trajectory of Burger King.
It's important to note that these figures are based on consolidated financial statements, which include Burger King's parent company and all its subsidiaries. Therefore, the earnings per share reflect the overall performance of the entire organization, not just the Burger King brand itself.