October 28, 2013 / 11:24 AM / 4 years ago

Burger King's profit rises as costs fall 90 pct

1 Min Read

Oct 28 (Reuters) - Burger King Worldwide Inc reported a higher quarterly profit as costs plunged and same-restaurant sales grew in Europe, the Middle East, Africa and Asia Pacific.

Global same-restaurant sales rose 0.9 percent while expenses fell about 90 percent in the quarter ended Sept. 30.

Burger King said net profit rose to $68.2 million, or 19 cents per share, from $6.6 million, or 2 cents per share, a year earlier.

Revenue fell about 40 percent to $275.1 million, mainly because the company refranchised about 520 restaurants in the year ended September.

McDonald's last week also reported a rise of 0.9 percent in its third-quarter global same-restaurant sales.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below