What was the total revenue for Burger King's PLK segment in 2023?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
| Total | $ 517 |
Disaggregation of Total Revenues
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.
The following tables disaggregate revenue by segment (in millions):
| TH | BK | PLK | FHS | INTL | RH | ELIM (a) | Total | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Supply chain sales | $ 2,708 | $ — | $ | — | $ — | $ | — | $ — | $ — | $ 2,708 |
| Company restaurant sale |
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 the PLK (Popeyes Louisiana Kitchen operations of our Popeyes brand in the U.S. and Canada) segment in 2023 was $692 million. This figure represents the total income generated by Popeyes restaurants within the U.S. and Canada during that year.
For a prospective Burger King franchisee, this information provides context on the relative scale and performance of other brands under the same parent company. While they are investing in a Burger King franchise, understanding the financial performance of sister brands like Popeyes can offer insights into the overall health and strategic direction of the organization. It also allows potential franchisees to compare the revenue figures against those of Burger King to understand brand performance within the group.
It is important to note that this revenue figure does not reflect the profitability of the PLK segment, but rather the total income before expenses. Franchisees should also consider other financial metrics, such as operating costs, expenses, and adjusted operating income, to gain a comprehensive understanding of the segment's financial performance. Additionally, the FDD provides similar data for other segments like Tim Hortons and Firehouse Subs, allowing for a broader comparison of brand performance under Restaurant Brands International.