Burger King's profit rises on margins, overseas growth

Burger King Holdings Inc. overcame currency pressure and a same-store-sales slump with higher margins and overseas growth that helped push its fiscal fourth-quarter profit higher, the fast-food giant said Tuesday.

Burger King /quotes/comstock/13*!bkc/quotes/nls/bkc (BKC 19.14, +1.48, +8.38%) earned $59 million, or 43 cents a share, in the period, up from $51 million, or 37 cents a share, in the same quarter a year ago. Revenue fell 2% to $630 million from $646 million as global same-store sales declined 2.4%.

The average estimate of analysts polled by FactSet Research had been for the company to earn 33 cents a share on sales of $633 million.

In the U.S. and Canada, company restaurant margins climbed 130 basis points to 13.5% from 12.2%.

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- Posted: 2009-08-25 10:14:04

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