August 26, 2009 |
Burger King Holdings Inc. said fourth-quarter profit rose 16%, beating analyst estimates, as the fast-food company expanded overseas. Net income rose to $58.9 million, or 43 cents a share, from $50.6 million, or 37 cents, a year earlier, the Miami-based company said. Sales fell 2.4% to $629.9 million.
January 12, 2008 |
Shares of McDonald's Corp., the world's largest restaurant company, fell the most in more than four years after a franchisee survey indicated same-store sales in the U.S. might have increased at their slowest pace since a turnaround in 2003. Thirty-one franchisees operating 195 restaurants said December sales by outlets open at least 13 months advanced 1.8%, according to a report from consultant Richard Adams. Competition from Burger King Holdings Inc. and Wendy's International Inc. hurt sales, Adams said.
April 30, 2009 |
Burger King Holdings Inc. said the swine flu outbreak in Mexico will probably cut into its sales for the year, leading the chain to cut its outlook after reporting a 15% rise in its fiscal third-quarter profit. The nation's No. 2 hamburger chain had to close dining rooms in all 118 of its Mexico City-area stores. Burger King earned $47 million, or 34 cents a share, matching the expectations of analysts polled by Thomson Reuters. Last year profit totaled $41 million, or 30 cents a share.
November 1, 2008 |
A boost in sales worldwide helped Burger King post a 2% increase in fiscal first-quarter profit Friday, but higher food costs and other expenses still took a bite out of earnings. The nation's No. 2 hamburger chain reported increases in commodity, remodeling and acquisition start-up costs, leading the chain to miss Wall Street's profit estimates. Higher commodity costs have been a problem for virtually all restaurant chains, with the price of beef, chicken, cheese and cooking oil rising.
September 2, 2010 |
Burger King Holdings Inc., the second-largest U.S. hamburger chain, is in talks with 3G Capital about a buyout, a person familiar with the matter said. Shares of the Miami company, which is second to McDonald's Corp., surged the most in more than four years. A buyout might help Burger King repair relations with franchisees and allow the chain to distinguish itself from McDonald's, said analyst Mark Kalinowski with Janney Capital Markets. "We've seen quite a bit of private-equity interest in the restaurant space already this year," he said.
September 13, 2007 |
Burger King pledged to offer healthier fast-food items for children under 12, with plans to sell and market flame-broiled Chicken Tenders and apples cut to resemble thick-cut French fries. Burger King Holdings Inc. said it had set nutritional guidelines to follow when targeting children under 12 in advertising.