Which Burger King restaurants are included in the Restaurant Holdings (RH) segment?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
As described in Note 18, Segment Reporting and Geographical Information, following the Carrols Acquisition and PLK China Acquisition, we are reporting the operations of Burger King restaurants acquired as part of the Carrols Acquisition and the operations of PLK China restaurants in a new operating and reportable segment called Restaurant Holdings ("RH") from the respective date of acquisition.
-
- Burger King operations of our Burger King brand in the U.S. and Canada, excluding results of Burger King restaurants acquired as part of the Carrols Acquisition, included in our RH segment (defined below) ("BK");
-
- Restaurant Holdings operations of Burger King restaurants acquired as part of the Carrols Acquisition and the operations of PLK China and FHS Brazil restaurants ("RH").
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 Restaurant Holdings (RH) segment includes specific Burger King restaurants. These are the Burger King restaurants acquired as part of the Carrols Acquisition. The RH segment also encompasses the operations of PLK China and FHS Brazil restaurants.
This segmentation is important for understanding Burger King's financial reporting. By separating out the revenues and performance of these acquired restaurants, Burger King provides a clearer picture of the core Burger King operations in the U.S. and Canada, as well as its international operations. This allows potential investors and franchisees to better assess the performance of different parts of the Burger King business.
For a prospective Burger King franchisee, this distinction may not directly impact day-to-day operations. However, understanding the company's overall financial structure and reporting segments can provide valuable context when evaluating the franchise opportunity. It's useful to see how different acquisitions and international ventures contribute to the overall financial health of Burger King.
It is important to note that the RH segment also includes the operations of PLK China and FHS Brazil restaurants, in addition to the Burger King restaurants acquired through the Carrols Acquisition. This indicates that the RH segment is used to report on specific acquired or international operations across all of Restaurant Brands International's brands, not just Burger King.