Burger King Posts Profit
Published April 27th, 2007
Burger King Holdings Inc., the second-largest U.S. hamburger chain, reported third-quarter profit that exceeded analysts’ estimates on sales of its new $1 breakfast menu and 1,000-calorie Texas Double Whoppers.
Net income of $34 million, or 25 cents a share, compared with a loss of $12 million, or 11 cents, a year earlier, Miami- based Burger King said today in a statement. Revenue rose 8.9 percent to $539 million.
Burger King introduced the fast-food industry’s first discount breakfast in February with items including French-toast sticks. It boosted U.S. lunch and dinner sales among men in their 20s and 30s with its Texas burger, made with two 1/4-pound beef patties, bacon, jalapenos and two slices of American cheese.
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