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BUSINESS
August 22, 2008 | From Times Wire Services
Burger King Holdings Inc.'s fiscal fourth-quarter profit climbed 42%, helped by extended hours and the new Steakhouse hamburger. Net income rose to $51 million, or 37 cents a share, up from $36 million, or 26 cents, a year earlier. Revenue increased 9.5% to $646 million.
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BUSINESS
September 2, 2010 | Bloomberg News
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.
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BUSINESS
March 29, 2008 | From Times Wire Services
Burger King Holdings Inc. is planning to unveil smaller, trendier "Whopper Bar" restaurants that cater to fans of its Whopper hamburgers in space-crunched areas such as airports, casinos and train stations, a spokesman said. The No. 2 burger chain said it would unveil the concept to franchisees at the company's annual convention in May. The new restaurants would offer a wider variety of Whoppers than is available at traditional sites.
BUSINESS
August 26, 2009 | Times Wire Reports
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.
BUSINESS
August 26, 2009 | Times Wire Reports
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.
BUSINESS
January 12, 2008 | From Times Wire Services
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.
BUSINESS
April 30, 2009 | TIMES WIRE REPORTS
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.
BUSINESS
November 1, 2008 | Times Wire Services
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.
BUSINESS
September 2, 2010 | Bloomberg News
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.
BUSINESS
September 13, 2007 | From Times Staff and Wire Reports
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.
BUSINESS
April 30, 2009 | TIMES WIRE REPORTS
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.
BUSINESS
November 1, 2008 | Times Wire Services
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.
BUSINESS
August 22, 2008 | From Times Wire Services
Burger King Holdings Inc.'s fiscal fourth-quarter profit climbed 42%, helped by extended hours and the new Steakhouse hamburger. Net income rose to $51 million, or 37 cents a share, up from $36 million, or 26 cents, a year earlier. Revenue increased 9.5% to $646 million.
BUSINESS
March 29, 2008 | From Times Wire Services
Burger King Holdings Inc. is planning to unveil smaller, trendier "Whopper Bar" restaurants that cater to fans of its Whopper hamburgers in space-crunched areas such as airports, casinos and train stations, a spokesman said. The No. 2 burger chain said it would unveil the concept to franchisees at the company's annual convention in May. The new restaurants would offer a wider variety of Whoppers than is available at traditional sites.
BUSINESS
January 12, 2008 | From Times Wire Services
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.
BUSINESS
August 2, 2006 | From the Associated Press
Shares of Burger King Holdings Inc. plunged to their lowest level since the company's initial public offering after the world's No. 2 hamburger chain posted a fiscal fourth-quarter loss in its first earnings report since going public. The Miami-based company said the results were hurt by a $30-million management termination fee related to its May IPO. The loss for the quarter totaled $9 million, or 7 cents a share. Burger King shares fell $2.01, or 13.2%, to $13.24.
BUSINESS
December 12, 2006 | From Bloomberg News
Denny's Corp., a chain of more than 1,500 family restaurants worldwide, said it planned to eliminate trans fats from its menu items as early as the first half of 2007. The plan includes changing frying oil and margarine used in food preparation, and working with food manufacturers, the Spartanburg, S.C.-based company said. Restaurants including Taco Bell Corp. and KFC, both units of Yum Brands Inc., have said they would eliminate trans fats. Burger King Holdings Inc.
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