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Market
Percentage of U.S. Burger Kings remodeled by end of 2025
4
Resolution / Starting Odds
Less than 50% • 25%
50%-70% • 25%
70%-85% • 25%
More than 85% • 25%
Public statements from Burger King or Restaurant Brands International
Story
Burger King to Reach 85%-90% Modern U.S. Image by 2028 with New $300M Investment
Apr 30, 2024, 10:32 AM
Burger King, under its parent company Restaurant Brands International, has announced a significant expansion in its remodeling program with an additional investment of $300 million. This investment aims to modernize 85%-90% of its U.S. restaurants by 2028, building on an initial commitment of $250 million and the acquisition of Carrols which includes 600 restaurant upgrades. The Carrols deal is expected to be completed later this month. The company's Q1 earnings exceeded expectations, reporting an adjusted EPS of $0.73 against an estimate of $0.72 and sales of $1.739 billion, surpassing the forecasted $1.703 billion. Patrick Doyle, a key figure in the initiative, emphasized the importance of a uniform modern image across all locations to enhance customer experience and mentioned the double-digit sales lift per remodel.
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Widespread adoption • 33%
Partial adoption • 33%
No adoption • 34%
Under 50% • 25%
50% to 75% • 25%
76% to 99% • 25%
100% • 25%
Under 40% • 25%
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Over 80% • 25%
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Less than 10% • 25%
10% to 20% • 25%
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Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
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Less than 25% • 25%
25% to 50% • 25%
50% to 75% • 25%
More than 75% • 25%
More than 50% • 33%
30% to 50% • 33%
Less than 30% • 33%
Less than 25% • 25%
25% to 50% • 25%
50% to 75% • 25%
More than 75% • 25%
Less than 50% • 33%
50% to 75% • 33%
More than 75% • 34%
