0913 ET - Restaurant Brands International executives say they are working to address issues at Burger King China, which is seeing higher costs after terminating its master franchisee agreement there. The company is sparse on details, but says franchise and property expenses were a headwind in the year and final quarter. "Higher Segment F&P Expenses [were] due to increased net bad debt expenses in 2024 compared to 2023, primarily related to the Burger King China business," the company says. In its earnings call, executives say they expect the segment to have 3 cent EPS drag in 2025. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
February 12, 2025 09:13 ET (14:13 GMT)
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