Burger King 2013 Annual Report Download - page 44
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Table of Contents
Company:
Company restaurant revenues $ 95.3 $ 264.6 $ 330.7 $ (169.3) $ (66.1)
CRM 12.1 30.7 35.5 (18.6) (4.8)
CRM % 12.7% 11.6% 10.7% 1.1% 0.9%
Company restaurant expenses as a % of Company restaurant
revenues:
Food and paper 30.2% 30.1% 29.4% (0.1)% (0.7)%
Payroll and benefits 33.5% 32.5% 31.4% (1.0)% (1.1)%
Depreciation and amortization 1.7% 3.1% 3.5% 1.4% 0.4%
Other occupancy and operating 21.9% 22.7% 25.0% 0.8% 2.3%
Franchise:
Franchise and property revenues $ 240.5 $ 208.3 $194.9 $ 32.2 $ 13.4
Franchise and property expenses 30.0 29.7 25.9 (0.3) (3.8)
Segment SG&A (1) 44.3 61.1 81.1 16.8 20.0
Segment depreciation and amortization (2) 11.1 17.9 22.6 6.8 4.7
Segment income 189.4 166.1 146.0 23.3 20.1
(1) Segment SG&A consists of segment selling expenses, Management G&A and regional restaurant support center depreciation and amortization.
(2) Amounts include depreciation and amortization related to regional restaurant support centers within Segment SG&A of
$1.4 million in 2013, $2.0 million in 2012 and $2.2 million in 2011.
Favorable/(Unfavorable)
Segment revenues $ 1.8 $ (31.5) $ 20.5
Segment CRM 0.1 (2.2) 1.6
Segment income 0.3 (10.1) 4.2
System-wide sales growth 9.6% 9.0% 6.5%
Franchise sales $4,420.6 $3,822.8 $3,649.0
System comparable sales growth 2.4% 3.2% 4.3%
System NRG 329 239 154
Net Refranchisings 132 59 7
Restaurant counts at period end
Company — 132 192
Franchise 3,450 2,989 2,690
System 3,450 3,121 2,882
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Source: Burger King Worldwide, Inc., 10-K, February 21, 2014 Powered by Morningstar® Document Research℠
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