Burger King announced on January 16, 2024 their agreement to acquire their largest franchisee, Carrol’s, at $9.55/share.
ANNUAL
QUARTERLY
GUIDANCE AS OF Q3’23 REPORT
For the fourth quarter, the Company expects a strong finish to the year, with comparable restaurant sales increases at the Company’s Burger King restaurants in the mid-single digits, aided by accelerating traffic growth. The Company anticipates achieving Adjusted EBITDA of approximately $145 million to $149 million for 2023. This equates to anticipated Adjusted EBITDA of approximately $28 million to $32 million in the fourth quarter. In 2024, to help accelerate its organic growth, the Company plans to remodel approximately 45 Burger King restaurants.
TRANSCRIPT OF Q3’23 CONFERENCE CALL
EARNINGS PRESENTATION – Q3’23