Burger King’s Largest Franchisee Reports Strong 1Q23 Results

May 15, 2023 | RR Premium

1Q23 comps increased +11.7% y/y (+9.7% price, +3.3% mix & -1.1% traffic), helped by a 7% reduction in discount mix & late-night traffic strength. The best 1Q restaurant-level adjusted EBITDA margin in 5 years (12.2%) reflected strong sales, moderating inflation & improved operational efficiencies.

You are unauthorized to view this page.

Free 3 Month Trial

Or Login below.

Become a Member