Burger King cuts costs, serves up tasty profits
Add Videos or Photos Be first to contribute
Sign in now to share your story.
Sign in with Facebook Sign in with Google+
Be first to contribute
Add More Videos or Photos
You've contributed successfully to: Burger King posts tasty profits thanks to cost cutting
Check out your photo or video now, and look for it in USA TODAY online, mobile, and print editions.
View Your Contribution Verifying your credentials...
Please wait.
Uh oh!
We're experiencing a few technical issues.
Try again
Burger King reported a higher first-quarter profit as cost-cutting helped make up for U.S. sales that only increased. 0.1%.
Global same-store sales were up 2%.
For the quarter, the company earned $60.4 million, or 17 cents per share. Not including one-time items, it earned 20 cents per share. That's a penny more than Wall Street expected.
Burger King Worldwide Inc. has been introducing new menu items like lower calorie Satisfries and an even bigger burger, the Big King, to refresh its outdated image in the U.S. It is also working th franchisees to expand its presence abroad.
Revenue declined to $240.9 million as the company refranchised restaurants. Analysts expected sales of $241.3 million.
It hasn't exactly been a delicious quarter for fast food. McDonald's Corp. and Dunkin' Donuts also reported less-than-impressive sales for the first three months of the year, though Dunkin could at least blame bad winter weather in its core East coast region.
Contributing: Associated Press Looking for a Job? Looking for a job? Start here USA NOW
Nation's bridges get poor rating | USA NOW
Post a Comment for "Burger King cuts costs, serves up tasty profits"