Burger King says burgers "very counter-cyclical"
DAVOS, Switzerland (Reuters) - Fast-food chain Burger King Holdings Inc (BKC.N: Quote, Profile, Research, Stock Buzz) said on Friday its business was better placed than most to buck the economic downturn.
"It is a very counter-cyclical industry," Chief Executive John Chidsey told Reuters at the World Economic Forum.
"Obviously, in general, a recession is not a good thing. But having said that we're probably as well positioned as anybody, and not just Burger King. If you look at the QSR space -- the quick-service restaurants -- we tend to be counter-cyclical because as people have pressure on disposable income, people trade for value."
The hamburger chain runs over 7,100 restaurants across the United States.
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