Burger King 2011 Annual Report Download - page 46

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Table of Contents
U.S. and Canada
Tabular amounts in millions of dollars unless noted otherwise.
Successor Combined Predecessor Variance
2011
Transition
Period Fiscal 2010
2011
Compared
to 2010
Transition
Period
Compared to
Six Months
Ended
December 31,
2009
Fiscal 2010
Compared to
Fiscal 2009
Favorable/(Unfavorable)
Company:
Company restaurant revenues $ 1,172.0 $ 599.1 $ 1,289.5 $ (59.6) $ (57.9) $ (42.3)
CRM 142.2 82.1 170.5 (17.9) (10.7) 0.4
CRM % 12.1% 13.7% 13.2% (1.0)% (0.4)% 0.4%
Company restaurant expenses as a
% of Company restaurant
revenue:
Food and paper 32.3% 31.6% 32.5% (0.1)% 0.8% 0.5%
Payroll and benefits 30.4% 30.9% 31.1% 0.6% 0.1% 0.0%
Depreciation and amortization 5.7% 5.0% 4.9% (0.6)% (0.5)% (0.8)%
Other occupancy and operating 19.5% 18.8% 18.3% (0.9)% (0.8)% 0.7%
Franchise:
Franchise and property revenues $ 397.1 $ 199.6 $ 405.7 $ (4.0) $ (4.6) $ (5.5)
Franchise and franchise property
expenses 69.9 28.1 42.2 (19.5) (8.1) (4.4)
Segment income 449.5 222.2 450.5 7.0 (8.7) 7.8
Segment margin 28.6% 27.8% 26.6% 1.5% 1.0% 1.2%
FX Impact
Successor Combined Predecessor
2011
Transition
Period Fiscal 2010 Fiscal 2009
Favorable/(Unfavorable)
Segment revenues $ 6.4 $ 3.6 $ 12.9 $ (22.0)
Segment CRM 0.6 0.3 1.1 (1.2)
Segment income (1.3) 0.2 0.8 (0.6)
45
Source: Burger King Holdings Inc, 10-K, March 14, 2012 Powered by Morningstar® Document Research℠