{"product_id":"rbi-swot-analysis","title":"Restaurant Brands International SWOT Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eElevate Your Analysis with the Complete SWOT Report\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eRestaurant Brands International blends global scale with strong franchise brands like Tim Hortons, Burger King, and Popeyes, but faces margin pressures, supply-chain risks, and evolving consumer tastes; our full SWOT unpacks competitive moats, financial levers, and franchise dynamics to inform investment or strategy decisions—purchase the complete, editable report (Word + Excel) to access research-backed recommendations and modelling-ready insights.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003etrengths\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDiversified Portfolio of Iconic Brands\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eRestaurant Brands International operates four quick-service leaders—Tim Hortons, Burger King, Popeyes, and Firehouse Subs—covering morning coffee, daytime sandwiches, spicy chicken, and late-night burgers, which broadens revenue streams. By end-2025 same-store sales mix showed Tim Hortons ~38%, Burger King ~34%, Popeyes ~20%, Firehouse Subs ~8% of system sales, smoothing seasonality. Diversification helped stabilize cash flow; 2025 free cash flow reached about US$1.9bn, up from US$1.6bn in 2023. This multi-brand mix reduces single-segment risk during localized downturns.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAsset-Light Franchising Business Model\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eRBI (Restaurant Brands International) runs an asset-light franchising model that shifts store-level capital and operational risk to franchisees, letting the parent earn high-margin revenue from royalties and rent; in 2024 franchise-operated restaurants made up about 99% of its global system, producing over 75% of company revenues from fees and royalties. This model lowers capex, enables faster global expansion, and frees cash to fund brand tech and marketing investments.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAdvanced Digital and Loyalty Ecosystems\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSignificant investments in digital infrastructure have built industry-leading loyalty programs—Tims Rewards and Royal Perks—collecting first-party data that enables hyper-personalized marketing and higher visit frequency.\u003c\/p\u003e\n\u003cp\u003eAs of Q4 2025, digital sales accounted for roughly 45% of RBI system-wide sales, up from ~30% in 2020, showing a successful shift to a tech-forward service model.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eExtensive Global Distribution Network\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eRestaurant Brands International (RBI) operates over 30,000 restaurants in 100+ countries, yielding strong economies of scale: 2024 procurement savings and centralized marketing drove a 12% margin uplift in key markets.\u003c\/p\u003e\n\u003cp\u003eThe global footprint enables rapid A\/B testing and rollouts—RBI piloted 18 menu and ops changes in 2024, deploying winners across regions within 6 months.\u003c\/p\u003e\n\u003cp\u003eLong-term relationships with master franchisees create high entry barriers; 70% of international units are franchised, limiting rivals’ expansion.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e30,000+ restaurants, 100+ countries\u003c\/li\u003e\n\u003cli\u003e12% margin uplift from scale (2024)\u003c\/li\u003e\n\u003cli\u003e18 pilots rolled out in 2024 within 6 months\u003c\/li\u003e\n\u003cli\u003e70% international franchised units\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSuccessful Strategic Turnaround Execution\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eRBIs Reclaim the Flame program modernized Burger King, driving a 6.5% global same-store sales lift in 2023 and raising restaurant-level margins via $400m+ investments in kitchen tech, remodels, and simpler menus.\u003c\/p\u003e\n\u003cp\u003eThese multi-year moves improved guest experience and AUVs (average unit volumes) — Burger King AUV rose ~8% in 2022–2024 — showing management can diagnose ops issues and deliver multi-year recoveries.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e6.5% global same-store sales lift (2023)\u003c\/li\u003e\n\u003cli\u003e$400m+ invested—tech, remodels, menus\u003c\/li\u003e\n\u003cli\u003e~8% AUV growth (2022–2024)\u003c\/li\u003e\n\u003cli\u003eProven long-term execution capacity\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRBI: 30k+ restaurants, 45% digital, US$1.9bn FCF — asset-light, franchise-driven growth\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eRBI’s four-brand portfolio (Tim Hortons, Burger King, Popeyes, Firehouse Subs) drove ~30,000 restaurants in 100+ countries, ~45% digital sales (Q4 2025), and ~US$1.9bn free cash flow (2025), stabilizing revenue and smoothing seasonality via franchise-heavy, asset-light model (~99% franchised; ~75% revenue from fees\/royalties).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eRestaurants \/ Countries\u003c\/td\u003e\n\u003ctd\u003e30,000+ \/ 100+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDigital sales (Q4 2025)\u003c\/td\u003e\n\u003ctd\u003e~45%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFree cash flow (2025)\u003c\/td\u003e\n\u003ctd\u003eUS$1.9bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFranchised units\u003c\/td\u003e\n\u003ctd\u003e~99%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRevenue from fees\/royalties\u003c\/td\u003e\n\u003ctd\u003e~75%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eProvides a concise SWOT overview of Restaurant Brands International, outlining its core strengths and weaknesses alongside market opportunities and competitive threats shaping its strategic position.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eDelivers a concise SWOT matrix for Restaurant Brands International, enabling quick alignment of franchise, branding, and menu strategies across stakeholders.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eW\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eeaknesses\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSignificant Long-Term Debt Burden\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eRBI carried about US$9.6 billion of long-term debt at year-end 2024, largely from its acquisition-driven expansion; that leverage drives roughly US$410 million in annual interest expense (2024), constraining cash for capex and dividends.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHeavy Dependence on Franchisee Performance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eWith over 99% of Restaurant Brands International's 28,000+ restaurants operated by franchisees as of 2025, the company’s cash flow and growth are tightly tied to franchisee profitability and compliance.\u003c\/p\u003e\n\u003cp\u003eFranchisee financial stress—reflected in rising debt-servicing and single-digit average unit volumes in some markets—can delay remodels, worsen service scores, and trigger closures that hurt brand value.\u003c\/p\u003e\n\u003cp\u003eCoordinating policies, investments, and dispute resolution across thousands of independent owners creates ongoing operational risk and higher corporate oversight costs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeographic Concentration in North America\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDespite operations in 100+ countries, Restaurant Brands International (RBI) still earned roughly 78% of 2025 revenue and ~82% of adjusted EBITDA from the United States and Canada, concentrating profit risk regionally. This exposes RBI to US\/Canada economic slowdowns, tighter foodservice regulations, and changing consumer tastes—any of which could trim margins quickly. Management’s international expansion raised non‑North American revenue to 22% by end‑2025, but rebalancing remains incomplete. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVariable Brand Performance Consistency\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eBurger King lagged in same-store sales growth versus Popeyes and Tim Hortons; BK’s global comparable sales rose 1.0% in 2024 while Tim Hortons and Popeyes grew 6.6% and 8.0% respectively in 2024, per RBI Q4 2024 results.\u003c\/p\u003e\n\u003cp\u003eThis uneven performance forces management tradeoffs in marketing and capital, spurs investor doubt—RBI’s 2024 operating margin was 31.8%, masking brand-level variance—and makes simultaneous outperformance across all four brands elusive.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eBK comparable sales +1.0% (2024)\u003c\/li\u003e\n\u003cli\u003eTim Hortons comparable sales +6.6% (2024)\u003c\/li\u003e\n\u003cli\u003ePopeyes comparable sales +8.0% (2024)\u003c\/li\u003e\n\u003cli\u003eRBI operating margin 31.8% (FY 2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOperational Complexity of Multiple Supply Chains\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eManaging RBI’s four distinct food categories—Burger King, Tim Hortons, Popeyes, and Firehouse Subs—raises logistical complexity and higher overhead: different raw materials, specialized equipment, and vendor networks limit back-office consolidation and scale benefits.\u003c\/p\u003e\n\u003cp\u003eThis fragmentation slowed responses during 2022–24 commodity shocks; RBI reported 2024 supply-chain related cost pressures contributing to a 2–3% margin headwind and higher working capital tied to inventory mix shifts.\u003c\/p\u003e\n\u003cp class=\"lst_crct\"\u003e\u003c\/p\u003e\n\u003cli\u003eMultiple vendor sets increase procurement costs\u003c\/li\u003e\n\u003cli\u003eSpecialized equipment raises CAPEX per brand\u003c\/li\u003e\n\u003cli\u003eLimited consolidation reduces SG\u0026amp;A leverage\u003c\/li\u003e\n\u003cli\u003eCommodity shocks caused ~2–3% margin pressure (2024)\u003c\/li\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh debt and franchise risk squeeze BK's growth, margins, and remodels\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eHigh leverage (US$9.6B long-term debt; ~US$410M interest expense in 2024) limits capex\/dividends and raises refinancing risk; \u0026gt;99% franchised model ties revenue to franchisee health, whose mounting debt and low AUVs can delay remodels and closures; revenue concentration (78% US\/Canada in 2025) and BK's weaker comps (+1.0% in 2024) versus peers hamper portfolio consistency and margin resilience.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eLong-term debt (YE 2024)\u003c\/td\u003e\n\u003ctd\u003eUS$9.6B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInterest expense (2024)\u003c\/td\u003e\n\u003ctd\u003e~US$410M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e% Franchised (2025)\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;99%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUS\/Canada revenue (2025)\u003c\/td\u003e\n\u003ctd\u003e~78%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBurger King comp sales (2024)\u003c\/td\u003e\n\u003ctd\u003e+1.0%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You See Is What You Get\u003c\/span\u003e\u003cbr\u003eRestaurant Brands International SWOT Analysis\u003c\/h2\u003e\n\u003cp\u003eThis is the actual SWOT analysis document you’ll receive upon purchase—no surprises, just professional quality.\u003c\/p\u003e\n\u003cp\u003eThe preview below is taken directly from the full SWOT report you'll get. Purchase unlocks the entire in-depth version.\u003c\/p\u003e\n\u003cp\u003eThis is a real excerpt from the complete document. Once purchased, you’ll receive the full, editable version.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56752439427449,"sku":"rbi-swot-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/rbi-swot-analysis.png?v=1772241019","url":"https:\/\/growthsharematrix.com\/products\/rbi-swot-analysis","provider":"Growth Share Matrix","version":"1.0","type":"link"}