:. Food Industry News

Categories: Corporate Results

Burger King Posts Lower-Than-Expected Profit

Source: Reuters
29/10/2009

Oct 29 - Burger King Holdings Inc posted on Thursday a weaker-than-expected quarterly profit, as the poor economy and high unemployment hurt traffic and said the unpredictable consumer environment would persist.

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The seller of the Whopper hamburger said net income was $46.6 million, or 34 cents a share, for the fiscal first quarter ended Sept. 30, compared with $49.8 million, or 36 cents a share, a year earlier.

Analysts, on average, had forecast earnings of 37 cents a share, according to Thomson Reuters I/B/E/S.

The world's No. 2 hamburger chain after McDonald's Corp earlier this month announced the nationwide debut of its $1 quarter-pound double cheeseburger.



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