Burger King 2007 Annual Report Download - page 18

Worldwide, over 11 million guests a day visit
a BURGER KING® restaurant – and those
numbers are growing significantly. Guests
around the world increasingly demand our
hot, fresh, great-tasting food that is both
convenient and reasonably priced.
Since we became a publicly traded company
in May 2006, our continued company-wide
improvement has been impressive. From our
innovative menu offerings to our operational
excellence to our memorable advertising –
everything we do now is being done better.
And our intense focus on execution is
delivering record results:
• Ourscal2007revenuesclimbed9%toa
record $2.2 billion; and adjusted earnings
pershareof$1.11wasa31%increaseover
the prior year;
Top row left to right: Pete Smith, Peter Tan, Peter Robinson,
Ben Wells, Julio Ramirez, Raj Rawal, Dave Gagnon
Bottom row left to right: Chuck Fallon, Amy Wagner,
John Chidsey, Russ Klein, Anne Chwat
EXECUTIVE TEAM
I wish I could take the entire BURGER KING® family – our employees, franchisees,
vendors, and you, our shareholders, on my travels around the globe. You could see the
company the way I do: restaurants, products, marketing and operations that have
never been stronger, a worldwide management team that has never been more
confident and growth opportunities that have never been greater.
TO OUR SHAREHOLDERS
BURGER KING HOLDINGS, INC. FISCAL 2007 ANNUAL REPORT
• OurworldwideARSreached$1.2million,
reflecting a new record high;
•Wearenowatour14th consecutive quarter
of comp sales growth worldwide, the best
level of performance in over a decade;
• Weenteredfournewcountries,which
included a return to Japan. Our global
reach now encompasses 69 countries and
U.S. territories;
• Weopened441newBURGERKING®
restaurantsglobally,a26%increasefromthe
prior year. And we grew the brand by a net
154 units – six times more than the prior year;
• Ourstrongandconsistentcashowgaveus
the flexibility to pay down $125 million in
debt and declare two quarterly dividends in
fiscal 2007, reflecting our commitment and
ability to return value to our shareholders; and
• Ourstockpricereectedouroverallstrong
performance–up68%forthefullscalyear.
And this is just the beginning of our global
growth story, with many more chapters to
come. Over the next several years, we will
unleash the power of the brand to reach
millions more around the world. You will
see our continued commitment to expand
our net restaurant count and drive comp
sales growth and ARS in every region.
We expect to increase our net system-wide
restaurant count significantly – expanding our
presence in the U.S. and Canada while growing
rapidly throughout our international markets