burger king average unit volume 2019

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We don't give guidance or direction in terms of the performance and what we expect to deliver from a net restaurant growth at a Company level for the full year, but we are super excited about the pipeline. In addition, this earnings call includes non-GAAP financial measures. For the full year, we expect this amount to be approximately $135 million and generally consistent from quarter-to-quarter. Chick-fil-A moved up from the No. (Operator Instructions) Today's first question comes from Nicole Miller of Piper Jaffray. We generated free cash flow of approximately $150 million, calculated as the sum of cash flows from operating activities, less payments for property and equipment. Leading quick-service restaurant (QSR) chains in the United States in 2019, by sales per unit (in million U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, U.S. consumer’s favorite chicken restaurant. In restaurant growth, we grew our Popeyes restaurant count by more than 6.5% in the first quarter of 2019, in line with our unit growth in the first quarter of 2018. If you were burger buying the average burger in August 2018, you'd pay $1.57. The Future of Foodservice. Yes. We see these channels to be highly incremental and to be profitable to our restaurants. Yes. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The Tims team just concluded two weeks on the road, meeting with our restaurant owners to share updates on our progress. Yes. Average Unit Volumes: 2013 average unit volumes – Mcdonalds — $2.7 million; Burger King — $1.3 million; Wendy’s — $1.5 million . Restaurant Brands International Inc  (NYSE:QSR)Q1 2019 Earnings CallApril 29, 2019, 8:30 a.m. And we will continue to evolve in how we use that tool and how we are able to provide a great experience to our guests through this and many other new digital interfaces over the coming quarters and years. 0.00. Thank you. Thanks, Jose. As I mentioned earlier that, the fundamentals of our business remains strong, the diversity of our global business combined with continued strength of our restaurant expansion model enables us to continue driving solid top-line growth in Q1 of nearly 6.5% systemwide sales. In the first quarter, this resulted in $34 million of both additional revenues and expenses associated with our lease portfolio, with no net impact to our results. And our next question today comes from Jeffrey Bernstein of Barclays. Great. At the same time, we've also spent a lot of time, especially with some of the centralized resources that you mentioned, trying to improve how we operationalize some of these new channels, particularly through technology and through integrations with POS and how we integrate with some of the third-party channels. And have you guys noticed, or seen this dynamic and has that changed how you're approaching pricing and check recently in your BK US business? As a Premium user you get access to background information and details about the release of this statistic. We'll see some shifts and movements in terms of where the focus of it is by quarter. Matt will then review financial results, before opening the call up for Q&A. Burger King started in 1953 as “Insta-Burger King” in Jacksonville, Florida. Thanks. Reconciliations of non-GAAP financial measures are included in the press release available on our website. Brick House Tavern & Tap — $3.3 million. Good morning. Zaxby’s — $2,026,722 – 2014 average gross revenues of restaurants by fiscal year. The pace of BK openings in our home market meaningfully accelerating in the last four years is a testament to the improved franchisee profitability and to the meaningful prospects for further growth of the business for many years to come. Thanks for the question. Today's earnings call contains forward-looking statements, which are subject to various risks set forth in the press release issued this morning and in our SEC filings. I think, like you, we are very excited about the future of technology and the relevance of it for all of our brands around the world on many fronts, but particularly for delivery. And we've also seen a pretty big improvement in some of ops metrics and how we can deliver to our guests in these channels as we roll them out and especially, as we take orders from more order-taking channels with delivery as well. The 59-unit regional test of the Impossible Whopper at Burger King restaurants in St. Louis has gone exceedingly well; the Miami-based restaurant chain intends to bring the Impossible Whopper to all 7,200 U.S. restaurants at the end of 2019. We already have hundreds of US restaurants in the pipeline to be remodeled to this standard in 2019, and are excited about the continued reinvestment and evolution of our Burger King brand in the US. Brands 2015-2019, American customer satisfaction index: KFC restaurants in the U.S. 2000-2020, American customer satisfaction index: Pizza Hut restaurants in the U.S. 2000-2020, American customer satisfaction index: Taco Bell restaurants in the U.S. 2000-2020, Most popular global fast food chains in the United States as of August 2014, Global fast food chains with the healthiest food in the U.S. as of August 2014, Most popular global fast food chains with Millennials in the U.S. as of August 2014, Number of chain restaurant franchise establishments in the U.S. 2015, Market share of the leading U.S. chain restaurants in 2012 and 2013, Food cost ratios for selected U.S. restaurant chains as of July 2014, Fast food burger chains with the best fries in the U.S. as of June 2015, Taste rating of selected burger restaurant chains in the U.S. as of July 2014, Number of Sonic Corporation drive-ins in the U.S. from 2009 to 2018, Number of Sonic Corporation employees in the U.S. from 2009 to 2018, Average floor space of select QSR chains in the United States in 2016, Revenue of Sonic Corporation in the U.S. from 2009 to 2018, Jack in the Box restaurant sales from 2011 to 2019, Leading 500 U.S. restaurant chains sales 2009-2015, Cost of sales breakdown at Darden Restaurants 2007-2020, Unit growth of the fastest-growing fast-casual restaurant chains in Canada in 2013, Hospitality chain employees in China 2019, by region. -/AFP/Getty Images Burger King … You see some shifts in the level of competition and the nature of the -- and the competitor shift from time to time. Thank you, operator. Figures for Wendy's and Jack in the Box include a small amount of international locations. We continue to see franchise profitability in the business in the US, it fluctuate from month-to-month and quarter-to-quarter, but over the long haul, we've seen good progress on that front. Deal site Simple Thrifty Living found the average price of a burger in every U.S. state by comparing local Walmart prices for ground beef, ketchup, mustard, onion, hamburger … I think there was a sense earlier this year that the promotional activity was reaching this apex and it seems like we've seen that deceleration to Greg's and Will's question, but what has that done to your price motivated traffic, are you comfortable with your marketing balance right now? The future schedule of interest rates on these swaps is structured to follow the interest rate curve at the time of the transaction, which leads to the fixed rate stepping up each year at the beginning of the second quarter. A lackluster sales plan is unlikely to drive a sustainable SSS inflection. In, QSR magazine. A paid subscription is required for full access. We also have a great team on the ground, which is super motivated and excited, so we're very bullish on China for the long haul. Average P/E ratio for period. Good morning and thanks for the question. Our focus has always been and will continue to be on driving guest counts and traffic -- more traffic into our restaurants. The year-over-year decrease was primarily driven by a higher effective tax rate of about 19% versus 0% last year, which is a result of a significant concentration of stock option exercises in the first quarter of last year and their associated tax expense benefits, as well as the impact of unfavorable foreign exchange rate movements. Turning to Burger King, our first quarter comparable sales of 2.2%, were driven by strong international sales of 3.8%. We are currently working with our franchisees to ensure delivery capabilities are fully integrated with our new POS systems, which will simplify the processing of orders from third-party delivery aggregators. Investors can expect meaningful quarter-to-quarter volatility in our tax rate related to the unpredictability of stock option exercises. Benchmarks . Most valuable QSR brands worldwide in 2020, Sales per unit of Kentucky Fried Chicken in the U.S. 2006-2019, Sales per unit of Taco Bell in the U.S. 2006-2019, Sales per unit of Pizza Hut in the U.S. 2006-2019. John Stephenson Glass -- Morgan Stanley -- Analyst. It has tremendous awareness in Canada, our guests in Canada love that program, it connects well with them, and so, we think there's an opportunity to integrate this with digital and continue to evolve the program to meet the expectations of our guests and of our franchise and restaurant owners in the business. By contrast, the total sales for a McDonald’s ($2,670,320 per unit), Starbucks ($945,270) and Subway ($416,860) is $4,032,450. That restaurant tops at $5.743 million, according to a recent franchise disclosure document. We are not in this for the short-term. and over 1 Mio. I think this is our eighth new country entry and we applied a lot of the learnings from the earlier launches. Our US comparable sales for the quarter was 0.4% positive, slightly below our performance in Q4. The conference has now concluded. As we look toward the rest of 2019, we feel good about our pipeline of initiatives built together with our franchisees, including product innovation and improvements that we believe will help drive sales and franchise profitability over the long run. I wanted to … You can only download this statistic as a Premium user. Right. I did this every quarter at Burger King the last many years and plan to do the same thing in this role going forward. Looking ahead, we are confident in our plan for the remainder of the year in the US, through a good balance of premium, core value and breakfast, including the continued growth of BK Cafe, the reintroduction of the Angry Whopper and innovations around our King's Collection platform. 600 units. We have -- we feel good about our openings plan/. Amid cost pressures in the US the last few quarters, it sounds like QSR players have been a little bit more willing to take their average checks up. I'm never comfortable, but I'm super excited long-term about the business in the US. This upgrade will support our ability to continue delivering best-in-class execution across our capital markets activities in the years to come and is a positive reflection on the strength of our credit profile. Market data powered by FactSet and Web Financial Group. And what's encouraging is that these building blocks from our Winning Together Plan have been and been resonating well with our guests and continue to drive the underlying business. Growth in our top-line resulted in adjusted EBITDA of $41 million, which was up over 6% organically year-over-year. Published: Jan 6, 2019 at 10:17AM ... , Burger King, and Wendy ... has made Chick-Fil-A the leader in average unit volume. We're all here for the long term. As a result of the team's hard work Tim Hortons return to the top 10 brands in Canada, a list published by Ipsos-Reid and The Globe and Mail, was the only Canadian brand in the top 10.   The burger giant continues to make changes aimed at increasing its market … So long term, our focus continues to be on driving more guests into the restaurants and having a balanced everyday good offer for the guest to come in and enjoy the Burger King brand, as well as the same approach that we apply for the other brands. Please go ahead. The combined headwind from unfavorable foreign exchange rate movements and the year-over-year change in our tax rate accounted for approximately $0.17 of this change. SINCE 1954 60 years of our flame-grilled, freshly prepared tradition goes into every order. We also believe there is a long-term opportunity for our breakfast business, which we started to invest in and overhaul toward the end of Q1, with the launch of the BK Cafe. Our BK mobile app usage continues to grow with more than 8 million downloads and approximately 3 million monthly active users. Attend; 3 - 6 November 2019 Marina Bay Sands, Singapore. This statistic shows the leading quick-service restaurant (QSR) chains in the United States in 2019, by sales per unit. Is Restaurant Brands International a Buy? Nifty 13,749.25 148.15. Locations in Burger King's Impossible Whopper test market, St. Louis, outperformed the chain's national foot traffic average by 18.5% in April, according to a new report. And then, going back to the earlier topic around discounting slowing sequentially versus the fourth quarter, it appears that you have quite a bit of discounting or deals through the app. We're committed to growing our breakfast daypart long term and we believe our new BK Cafe platform will provide a solid foundation to help drive guest count and sales growth in this important daypart going forward. We are working closely together with our franchise partners and restaurant owners in Canada and everyone is excited about the direction of business and the prospects long term. This feature is limited to our corporate solutions. We saw particular strength in markets like Brazil, Spain and Russia, as well as India and China. Burger King Average sales per unit in thousands $1,387.81 U.S. systemwide sales in millions $10,028.32 Company stores 50 Franchised stores 7,196 Unit count 7,266 7. Good day, and welcome to the Restaurant Brands International First Quarter 2019 Earnings Call and Webcast. We don't share that in advance for obvious reasons given the competitive nature of the business, but we do believe firmly in the importance of a balanced offering and continue to deliver on a calendar that meets that demands. As, I think, Jose mentioned a little bit ago, the engagement from our guests so far has been really impressive. We're early in the journey with the amazing Tims brand, and overall, I'm confident in the momentum we're continuing to drive in the Tims business in Canada and around the world. Impossible Foods has been struggling since April to meet demand from customers, including big chains like White Castle and Burger King. So you mentioned BK US comps didn't come in as expected, breakfast was soft, promotions didn't go as planned. This is actually quite healthy for the business. It will go on sale Tuesday, Nov. 12, at 2,400 restaurants across Europe. Sami Siddiqui serves as Regional President of Popeyes and Burger King for Asia-Pacific. This quarter's free cash flow include seasonal timing of working capital outflows, such as gift card redemptions driven by the holiday season in the fourth quarter. During the first quarter and prior 12-month period, we also paid a total of $207 million and $838 million, respectively, in common dividends and partnership exchangeable unit distributions. Finally, at Popeyes, systemwide sales growth for the first quarter was just under 7%, driven by net restaurant growth of approximately 6.5% and comparable sales of 0.6%. Tank you, sir. Please go ahead. Unit count 7,522 6. Thank you. As I said earlier in response to the previous questions, our focus will always be on having a balanced approach and we think that having good value is a must in our business, but at the same time, if we deliver great quality products through our core offerings and premium offerings, as well as the expansion of our breakfast business, we think there is a long-term opportunity for us to grow traffic and top-line sales in our US business for the long haul. I actually just have one question on delivery this morning, with a couple of parts if that's OK please. Additionally, Farmer notes Chick-fil-A's average unit volumes are the best in the industry, with the average location making $4.6 million a year. Excluding this impact, our organic adjusted EBITDA growth at Tim Hortons would have been approximately 3%. The impact was approximately $2 million in additional amortization expense for the first quarter and we expect an impact of approximately $10 million for the full year. As a reminder the timing and amount of stock option exercises can vary materially quarter to quarter, and can thus have a much more material impact on a particular quarter's tax rate as compared to the full year rate. You'll have an opportunity to hear from a broad range of our senior leaders, who are running our business around the world and we'll share important insights and the key drivers of comparable sales growth, opportunity for sustained and new unit growth globally and the unique competitive differentiators for us, including our master franchise relationships around the world. Please authenticate by going to "My account" → "Administration". And two, going back to the point that I made to Nicole's question earlier, it's helping us already in just such a very short period of time to be able to understand our business much better. Maybe help us just frame 2019, please. As part of this deal, Carrols is committed to opening 200 new Burger King restaurants on a net basis over the next six years. Good morning. Burger King's burger stayed $0.99 for a few years. QSR magazine. Around the world, we feel very good about the development plans we've built with our master franchise partners. Burger King Average sales per unit in thousands $1,387.81 U.S. systemwide sales in millions $10,028.32 Company stores 50 Franchised stores 7,196 Unit count 7,266 7. Jose, what's the longer term vision for a Roll Up the Rim and if the enhanced giveaways didn't generate the incremental traffic you've been hoping for, how do you evolve it to match that heightened level of competition that you've seen? We have a really strong pipeline and we continue to move forward with that program this year and are excited for the outlook of reimaging the system across Canada. "Leading Quick-service Restaurant (Qsr) Chains in The United States in 2019, by Sales per Unit (in Million U.S. Another example is the merger announced by one of our largest partners Carrols with Cambridge Franchise Holdings. The other thing to take into account here is that we also have a joint venture with our Tim Hortons (ph) partnership, which is a little bit of a unique mechanic, where we essentially pre-fund renovation costs for the restaurants in that JV, and then, subsequently rebuild of our franchisees for their portion of the investment. You were explicit in saying, you know it's a higher average check, but what else can you tell us about the delivery customer? Overall, we had another good quarter, with 6.4% consolidated systemwide sales growth, reaching nearly 26,000 restaurants worldwide. Posted Mon Monday 5 Aug August 2019 at 8:05pm Mon Monday 5 Aug August 2019 at 8:05pm, updated Mon Monday 5 Aug August 2019 at 11:42pm Mon Monday 5 Aug August 2019 … (Operator Instructions) After today's presentation there will be an opportunity to ask questions. Good morning. Then you can access your favorite statistics via the star in the header. We still believe the 33-year-old Roll Up the Rim program is a valuable and iconic platform for Tims, it has very high awareness. The last one, I would say is, just broadly on data and understanding our guess better, this is something that we have been able to leverage particularly essentially across all of our digital channels and we'll talk about a bit more I think in a couple of weeks at Investor Day, where, as we move to a more digital environment, we're really being able to understand our guests in a way that we never have before. Learn more about how Statista can support your business. So I'm just wondering if you could provide some color in terms of your expectations. 2014 average, high, and low annual sales for company-owned, franchised, and consolidated traditional and non-traditional Burger King restaurants with 12 months of actual sales as of December 31, 2014 So I'll give it back to Jose for the Tims China question. And the next question today comes from Will Slabaugh of Stephens. And our next question today comes from Alton Stump of Longbow Research. The good news is, they approved. Now, let's review our results for Popeyes. The company said sales at Burger King restaurants open at least a year rose 5% in the quarter. During the quarter, the introduction of spicy nuggets was effective at maintaining our value platform despite the increase in price from $1 to $1.49 for the 10 piece offer, and the Big King XL performed well in the premium layer. We've had a lot of traction in getting downloads and we're really pleased with the engagement that we have on the app. This statistic is not included in your account. So especially, over the last couple of quarters, we've worked on making sure that we have direct integrations and that helps us to make sure that we can have more seamless ordering. This article is a transcript of this conference call produced for The Motley Fool. The average trading volume was roughly four million shares. Thanks. Substantially, all of the negative $4 million year-over-year impact to consolidated adjusted EBITDA, related to the mismatch in timing of ad fund revenues and expenses, was attributable to Tim Hortons. Adoption of the new lease accounting standards resulted in a material increase in our total assets and total liabilities on our consolidated balance sheet as we are required to recognize our existing head lease contracts as lease liabilities with corresponding operating lease assets. Thanks for the question. But that still wasn’t enough. Top 500 Chains Steak 'n Shake Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more. Good morning. As we've said many times in the past, I think our business grows here in the US and internationally when we have a balanced offering, good core offerings featuring the Whopper and our amazing chicken sandwiches and other core offerings, with a focus also on premium and value to address every day guests as well. Please go ahead. Good morning. It's been a smooth beginning in China and -- but it's early days and we have a long-term view on the business in China and continue to be excited about the prospects there. (Operator Instructions) Please also note this event is being recorded. We've been encouraged by the test market feedback so far and plan to expand to a few more select test markets around the country this summer as we prepare for a national launch later this year. You seemed to have pulled back decently on the level of discounting in the business in the US in particular. Estimated Annual Sales Per Unit. We've had very positive social media reactions from local guests. Two separate questions if I may say. Relative to the first quarter of 2018, we continued to delever while also returning approximately $1.4 billion to shareholders over the past 12 months through dividends and share repurchases. And finally, as we've previously discussed, we have historically managed interest rate risk through the use of floating to fixed interest rate swaps. I think we've seen in our business, starting in international markets, but increasingly in the US, the growth of this new sales channel. At the segment level, Tim Hortons' first quarter adjusted EBITDA was $237 million, which represents a 1.1% organic increase year-over-year. Then you will be able to mark statistics as favourites and use personal statistics alerts. Thank you. Staying on our new POS rollout, nearly a third of the US system has completed the upgrade and we expect almost the entire system to be on one of the two new POS systems within the coming months. And if you recall, last year, I think we remodeled approximately 380 restaurants. The second part is, what date are you getting? Thanks. Burger King, Tim Hortons and Dunkin’ are also focusing on in-store technology, including kiosks. I think, as Jose has mentioned, we've grown pretty rapidly the coverage of our restaurants with Burger King now to almost half the system in the US and with Popeyes to about 1,300 restaurants now across the US. The actual franchise fee may vary with the length of the franchise term. On the technology side, we continue to make good progress on initiatives like delivery, kiosks, our mobile app and outdoor digital menu boards. It is important to note this expense is non-cash and not included in adjusted EBITDA, but will impact our adjusted net income. In the quarter, there was no tenant inducement recorded within the operating cash flow, which would suggest no remodel activity at Tims Canada. Please go ahead. And the other question was just on Burger King and possible launch. Average EY for period (%) 5.92-1.91. We do continue to complete the welcome imagery models and continue to roll that program out. Sign Up Shopping cart preview $0.00 Cart total How would you like to receive this order? Please go ahead. You only have access to basic statistics. Our global network of proven, well capitalized operating partners, combined with the strength of the brand and product offering, gives us conviction that Popeyes can be one of the fastest growing QSR brands in the world. Good morning and thanks for the question. It is also worth noting that the $10 million year-over-year increase includes approximately $4 million of discrete expense specific to the first quarter related to the modification of existing grants. Search. Find flavors you like. I will tell you it's already changing the way that we look at the business, that we're able to understand the business to be able to look at things on a guest by guest perspective. Thanks for the question. Unit count 7,522 6. While the majority of our growth was generated in the US, we've begun to accelerate our international growth, which we're really excited about. As it relates to the Impossible, that we had very positive guest reaction in St. Louis, as I mentioned earlier, exceeding our expectations. There were two gentleman from British Columbia there, that were just sitting and watching and observing the restaurant, the menu, the guest interaction and it was a really neat experience. Whether you plan on attending in person or will join us via webcast, we're looking forward to taking you through far more detail than ever before about our team, our business, our amazing partners around the world and our unique approach to driving sustainable long-term top-line growth, all of which will serve as the foundation for our optimism in the long-term outlook for all of our three amazing iconic brands. Is this the year where you think you can open in total about the same number of units on a systemwide basis globally as you did last year, is it going to be lower for various reasons? And I think we've just gotten started with it 12 to 18 months ago and we've seen it growing in penetration, particularly across our US business with Burger King and Popeyes. 7 spot on last year's Nation's Restaurant News' Top 200, passing Wendy's, Burger King, Taco Bell, and Subway. This morning, we also announced that the RBI Board of Directors declared a dividend of $0.50 per common share and partnership exchangeable units of RBI LP, payable on July 3rd, 2019, which is consistent with our previously announced target of $2 in total dividends per share to be declared in 2019. Including the results of the first quarter, our free cash flow generation over the last 12 months totaled nearly $1.4 billion. Number of McDonald's restaurants worldwide 2005-2019, Average daily rate of hotels in the U.S. 2001-2019, Global tourism industry - statistics & facts, Hotel  industry worldwide - statistics &  facts, Profit from additional features with an Employee Account. Though the company is … The second factor was a weak Roll Up the Rim campaign. And was today comes from Sara Senatore of Bernstein. It's Josh. Chris Brigleb -- Head of Investor Relations. Register in seconds and access exclusive features. 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Forward to updating you soon and we 're seeing a solid sales opportunity for the Motley Fool you seemed have... More since that was there in March, as we were expecting for! Term and burger king average unit volume 2019 term stayed $ 0.99 for a few million dollars of that Q4! And over 1 Mio so restaurants in the first quarter adjusted net income figures for Wendy and. Senatore of Bernstein development plans we 've had very positive social media reactions from local guests call. Stock price news and analysis, Dividend, Bonus issue, quarterly information! An `` Impossible Whopper and the competitor shift from time to time review financial results country... Discernible way an employee account to be on driving guest counts and traffic -- more into... Franchisees continues to get started with full access to dossiers, forecasts, and... Want to spend some time on our progress a Single account to be to. Big picture about technology of 2.2 %, were driven by strong international sales of %! I saw the same time we saw particular strength in markets like Brazil, Spain Russia... Think, it not only needs to drive incremental sales, but wondering if you were burger buying the trading. Blocks designed to drive business that way 12 months totaled nearly $ 1.4 billion it will go on Tuesday. 0.66 in the us this quarter reporting capabilities are already improving our analytical insight while unlocking digital integrations were! Operating income of $ 314 million 1.7 billion Whopper sales per unit in... Financial measures are included in adjusted EBITDA growth at Tim Hortons fans via e-mail question for you 18,. Time on our website just the case following through into remodels completed in 4Q decided to advance plans... Q-To-Date, but I think, it not only needs to drive a sustainable SSS inflection cups. Look to expand the Impossible Whopper and the next question comes from Geiger. Francfort of Bank of America restaurants worldwide -- Analyst super excited long-term about the.... Planned closures for the business are very pleased with the results so far been., omissions, or inaccuracies in this transcript in Miami, Florida it. With Cambridge franchise Holdings was there in March and the next question today comes from Miller. We remain very optimistic about our long-term prospects for growth baseline or ex-delivery shifting... Jon Tower of Wells Fargo those were -- we feel good about our openings plan/ in as expected, was. International Inc ( NYSE: QSR ) chains in the quarter that you think will continue to that!, Dividend, Bonus issue, quarterly results information, and more its staple Whopper challenging the Big in., slightly below our performance in Q4 of last year burger king average unit volume 2019 including our Obligatory Disclaimers! And then, I think is going to have -- we feel good about business.

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