This post has sparked renewed interest in something I've been thinking about. We just had a Chik-Fil-A open in my city and like other Chik-Fil-A's and like McDonald's it is always busy. I have been wondering about their cash flow, revenue growth, etc. because who doesn't think about a company's financial status when they see a line around the building? haha.

However, when I searched for the financial statements for Chik-Fil-A, I came across financial information more interesting. Apparently, the growth and cash flow for Popeye's exceeds that of Chik-Fil-A so I am going to relate to them.

While the referenced article states that the financial information exceeds Chik-Fil-A, I found some odd line items that do not equate to the author's statement. For one, everything points to their decline. Line items such as "disposal on plant assets," inventories, and tenant inducements paid to franchisees all declined. This indicates to me that stores are closing, but we shall see I suppose.

In this same article, the author compared Popeye's (RBI) to a few other franchises, one of which is McDonald's. In most categories, McDonald's exceeded RBI except in dividends. On the statement of cash flows, Popeye's, payments for dividends from 2018 to 2019 went from $307 to $437 (in millions) which explains why the dividend yield is higher for Popeye's than the other franchises.

Do you agree? Please explain.