Burger King Worldwide Inc., one of the country's largest hamburger chains, said its third-quarter net income tanked 83%, the first time the brand has reported earnings since returning to public trading.
The fast-food chain was one of very few public companies releasing quarterly financial data as Hurricane Sandy shut down Wall Street.
Burger King's third-quarter profit dropped to $6.6 million, or 2 cents a share, compared with net income of $38.8 million, or 11 cents a share, for last year's third quarter. Revenue fell 26% to $451.1 million from $607.7 million.
Burger King is rolling out a large menu update full of salads, snack wraps, frappes and real-fruit smoothies and hiring celebrities such as David Beckham and Jay Leno to stump for the brand. This year, the chain also promised to switch to only cage-free eggs and pork.