What were the total supply chain sales revenues for Burger King, as reported in the table?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
ong-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 shares, no par value; Unlimited shares authorized at December 31, 2024 and | | | | | December 31, 2023; 324,426,589 shares issued and outstanding at December 31, 2024; | | | | | 312,454,851 shares issued and outstanding at December 31, 2023 | | 2,357 | 1,973 | | Retained earnings | | 1,860 | 1,599 | | Accumulated other comprehensive income (loss) | | (1,107) | (706) | | Total Restaurant Brands International Inc. shareholders' equity | | 3,110 | 2,866 | | Noncontrolling interests | | 1,733 | 1,864 | | Total shareholders' equity | | 4,843 | 4,730 | | Total liabilities and shareholders' equity | $ | 24,632 | $ 23,391 | | See accompanying notes to consolidated financial statements. | | | | | Approved on behalf of the Board of Directors: | | | |
J. Patrick Doyle, Executive Chairman Ali Hedayat, Director
By: /s/ J. Patrick Doyle By: /s/ Ali Hedayat
Consolidated Statements of Operations (In millions of U.S. dollars, except per share data)
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Revenues: | ||||||
| Supply chain sales | $ 2,708 | $ | 2,679 | $ | 2,583 | |
| Company restaurant sales | 1,592 | 271 | 236 | |||
| Franchise and property revenues | 2,919 | 2,903 | 2,661 | |||
| Advertising revenues and ot |
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 revenues from supply chain sales were disaggregated in multiple tables. One table provides a breakdown of revenues by segment, showing supply chain sales of $2,583 million for TH (presumably a parent or holding company), and no supply chain sales directly attributed to Burger King (BK), PLK, FHS, or INTL. Another table shows the consolidated revenues for 2022, 2023, and 2024. In 2022, supply chain sales totaled $2,583 million. In 2023, they totaled $2,679 million. And in 2024, supply chain sales totaled $2,708 million.
This information is relevant to a prospective Burger King franchisee because it provides insight into the scale and sources of revenue within the Burger King system. While franchisees primarily generate revenue through restaurant sales, a significant portion of the overall revenue comes from supply chain activities, which are likely managed at the corporate level. Understanding the magnitude of these supply chain revenues can help franchisees appreciate the broader financial dynamics of the franchise network.
It's important to note that the tables present different levels of detail and aggregation. One table breaks down revenue by various entities within the Restaurant Brands International (RBI) umbrella, while the other presents consolidated figures over a three-year period. Franchisees should consider these distinctions when analyzing the data and assessing the financial health and stability of the Burger King franchise system.
Prospective franchisees might want to further investigate the specifics of the supply chain operations. Understanding how the supply chain is managed, who the key suppliers are, and what the cost structure looks like could provide a more complete picture of the financial aspects of the Burger King franchise.