What was the total revenue for Burger King in 2024?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
| As of December 31, | |||
|---|---|---|---|
| 2024 | 2023 | ||
| ASSETS | |||
| Current assets: | |||
| Cash and cash equivalents | $ | 1,334 | $ 1,139 |
| Accounts and notes receivable, net of allowance of $57 and $37, respectively | 698 | 749 | |
| Inventories, net | 142 | 166 | |
| Prepaids and other current assets | 108 | 119 | |
| Total current assets | 2,282 | 2,173 | |
| Property and equipment, net of accumulated depreciation and amortization of $1,087 and $1,187, | 2,236 | 1,952 | |
| respectively | |||
| Operating lease assets, net | 1,852 | 1,122 | |
| Intangible assets, net | 10,922 | 11,107 | |
| Goodwill | 5,986 | 5,775 | |
| Other assets, net | 1,354 | 1,262 | |
| Total assets | $ | 24,632 | $ 23,391 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||
| Current liabilities: | |||
| Accounts and drafts payable | $ | 765 | $ 790 |
| Other accrued liabilities | 1,141 | 1,005 | |
| Gift card liability | 236 | 248 | |
| Current portion of long-term debt and finance leases | 222 | 101 | |
| Total current liabilities | 2,364 | 2,144 | |
| Long-term debt, net of current portion | 13,455 | 12,854 | |
| Finance leases, net of current portion | 286 | 312 | |
| Operating lease liabilities, net of current portion | 1,770 | 1,059 | |
| Other liabilities, net | 706 | 996 | |
| Deferred income taxes, net | 1,208 | 1,296 | |
| Total liabilities | 19,789 | 18,661 | |
| Commitments and contingencies (Note 17) | |||
| Shareholders' equity: | |||
| Common |
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 total revenue for Burger King in 2024 was $8,406 million. This figure encompasses several revenue streams, including supply chain sales, company restaurant sales, franchise and property revenues, and advertising revenues and other services. Understanding the composition of this revenue can provide prospective franchisees with insights into the various ways Burger King generates income.
Breaking down the total revenue, supply chain sales accounted for $2,708 million, company restaurant sales contributed $1,592 million, franchise and property revenues amounted to $2,919 million, and advertising revenues and other services added $1,187 million. These figures illustrate the relative importance of each segment to Burger King's overall financial performance. Franchisees should pay close attention to the franchise and property revenues, as this category directly relates to the income generated through franchising activities.
It's also useful to compare the 2024 revenue figures with those of previous years. In 2023, total revenues were $7,022 million, and in 2022, they were $6,505 million. The increase in total revenue from 2023 to 2024 indicates a positive growth trend for Burger King. This information can be valuable for potential franchisees as they assess the financial stability and growth potential of the Burger King franchise system.