What was the net income attributable to common unitholders for Burger King's Consolidated Borrowers?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
ends payable by RBI to holders of RBI common shares, and the holders of Class B exchangeable limited partnership units (the "Partnership exchangeable units") are entitled to receive distributions from Partnership in an amount per unit equal to the dividends payable by RBI on each RBI common share. Partnership's net income available to common unitholders is allocated between the Class A common units and Partnership exchangeable units on a fully-distributed basis and reflects residual net income after noncontrolling interests. Basic and diluted earnings per Class A common unit is determined by dividing net income allocated to Class A common unitholders by the weighted average number of Class A common units outstanding for the period. Basic and diluted earnings per Partnership exchangeable unit is determined by dividing net income alloc
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 net income attributable to common unitholders for the Consolidated Borrowers was $1,479 in 2022, $1,715 in 2023, and $1,442 in 2024. This figure represents the portion of the company's net income that is allocated to the holders of common units, after accounting for noncontrolling interests.
For a prospective Burger King franchisee, this information provides insight into the profitability and financial performance of Burger King's consolidated operations. While franchisees do not directly share in this net income, it reflects the overall health of the brand and its ability to generate profits. A strong and growing net income can indicate a well-managed and successful franchise system, which can be an important factor when considering an investment.
It's important to note that the financial performance of Burger King's corporate operations does not directly translate to the potential profitability of an individual franchise. A franchisee's success will depend on factors such as location, operating costs, local market conditions, and their own management skills. However, understanding the financial performance of the overall Burger King organization can provide a valuable context for assessing the potential risks and rewards of investing in a Burger King franchise.