Feb 15 Burger King Worldwide Inc on
Friday reported a 94 percent rise in fourth-quarter profit as
menu additions drove comparable sales gains in the United States
The results landed as the fast-food chain and other
companies with European operations grapple with a scandal
involving horsemeat in products labeled as beef. Burger King
said traces of horse DNA were found in samples of hamburger
patties from a food-processing plant in Ireland but that the
meat never reached its restaurants.
The third-largest U.S. hamburger chain, known for its
"Whopper" hamburgers, said net income rose to $48. 6 million, or
14 cents per share, in the quarter ended Dec. 31 from $25
million, or 7 cents per share, a year earlier.
On an adjusted basis, Burger King earned 23 cents per share.
Revenue fell 30 percent to $404.5 million.
System-wide sales at restaurants open at least 13 months
rose 2.7 percent.