Oct 29 Burger King Worldwide Inc
reported a better-than-expected quarterly profit as new items on
the fast-food chain's menu and accompanying advertising
campaigns helped boost same-restaurant sales in the United
States and Canada.
The company, which went public in June, initiated a
quarterly cash dividend of 4 cents per share.
The Miami-based chain, known for its "Whopper" hamburgers,
traditionally focused on young males, but it is working to
broaden its appeal by adding items like fruit smoothies and
salads that traditionally appeal to women.
The third-largest U.S. hamburger chain, behind McDonald's
Corp and Wendy's Co, said net income fell to
$6.6 million, or 2 cents per share, in the third quarter, from
$38.8 million, or 11 cents per share, a year earlier.
Excluding items, it earned 17 cents per share.
Analysts expected earnings of 15 cents, according to Thomson
The U.S. and Canada comparable sales rose 1.6 percent in the
quarter, driven by Burger King's Summer BBQ and chicken
System-wide comparable sales, or sales at company-owned and
franchise restaurants open at least 13 months, rose 1.4 percent.
Three analysts polled by Consensus Metrix estimated a 1.56
percent gain in same-restaurant sales.
Revenue fell about 26 percent to $451.1 million due to
refranchising deals and a stronger dollar, Burger King said.