Burger King Worldwide, Inc. franchises and operates fast food hamburger restaurants, principally under the Burger King brand. As of December 31, 2013, the company owned or franchised a total of 13,667 restaurants in 97 countries and U.S. territories worldwide. Of these restaurants, 13,615 were owned by its franchisees and 52 were company restaurants. The company’s restaurants are limited service restaurants that feature flame-grilled hamburgers, chicken and other specialty sandwiches, French fries, soft drinks and other affordably-priced food items. Global Operations The company operates in four geographic segments: the United States and Canada; Europe, the Middle East and Africa (EMEA); Latin America and the Caribbean (LAC); and the Asia Pacific (APAC). United States and Canada As of December 31, 2013, this segment had 7,384 franchise restaurants and 52 company restaurants in the United States and Canada. The company refranchised 127 restaurants during 2013 in the United States and Canada. It owns and operates 52 restaurants in Miami, Florida. The company owns 28.9% of Carrols Restaurant Group, Inc., its major franchisee. EMEA As of December 31, 2013, this segment had 3,450 franchise restaurants and no company restaurants in the EMEA. During 2013, the company refranchised all of its company restaurants in Germany and Spain. In France, the company partnered with Groupe Bertrand, a multi-brand restaurant group with approximately 250 restaurants throughout France; and Naxicap Partners, a French private equity firm. LAC As of December 31, 2013, this segment had 1,550 franchise and no company restaurants in LAC. In 2013, the company contributed all of its 98 company restaurants in Mexico to a joint venture with Alsea S.A.B. de C.V., the parent of its major franchisee in Mexico. APAC As of December 31, 2013, this segment had 1,231 franchise and no company restaurants in the APAC. Australia, which is a master franchise market, is the primary market in the APAC, with 371 restaurants as of December 31, 2013, all of which are franchised and operated under the name Hungry Jack’s, a brand that the company owns in Australia and New Zealand. Australia is the market in which it operates under a brand other than Burger King. The company’s India joint venture was established in 2013 with Everstone Capital Partners, a private equity firm in India. It has also entered into master franchise agreements for Singapore, Malaysia, South Korea, Pakistan, Sri Lanka, and Japan. Business Strategy The company’s business strategy includes driving sales and traffic in the U.S. and Canada; and accelerating international development. Intellectual Property As of December 31, 2013, the company owned approximately 4,006 trademark and service mark registrations and applications and approximately 1,078 domain name registrations around the world. Government Regulation As a manufacturer and distributor of food products, the company and its franchisees are subject to food safety regulations, including supervision by the U.S. Food and Drug Administration and its international equivalents, which govern the manufacture, labeling, packaging and safety of food. The company’s franchising activities are subject to the rules and regulations of the Federal Trade Commission and various state laws and similar foreign agencies. The company is also subject to the regulations of the U.S. Citizenship and Immigration Services and U.S. Customs and Immigration Enforcement, and tariffs and regulations on imported commodities and equipment and laws regulating foreign investment. Seasonal Operations The company’s business is moderately seasonal. Restaurant sales are higher in the spring and summer months when weather is warmer than in the fall and winter months. Restaurant sales during the winter are highest in December, during the holiday shopping season. The company’s restaurant sales are lowest during the winter months, which include February, the shortest month of the year. Significant Events In August 2014, Tim Hortons Inc. and Burger King Worldwide Inc. announced a definitive agreement under which the two companies will create a new global powerhouse in the quick service restaurant sector. Competition The company’s major competitors include McDonald’s Corporation; The Wendy’s Company; Carl’s Jr.; Jack in the Box; and Sonic. History Burger King Worldwide, Inc. was founded in 1954.
burger king worldwide inc
5505 Blue Lagoon Drive
Miami, FL 33126
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