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Latest Business News

Burger King 2Q Profit Jumps 41 Percent

Tuesday, January 30, 2007 6:32:53 PM
By ADRIAN SAINZ

 A Burger King sign stands in a Bethel Park, Pa. file photo from Nov. 1, 2006. Burger King Holdings Inc., the world's second-largest burger chain, said its fiscal second-quarter profit jumped 41 percent on solid same-store sales and income from new restaurants. The company also forecast double-digit profit growth for fiscal 2007.  (AP Photo/Gene J. Puskar, File)MIAMI (AP) - Burger King Holdings Inc., the world's second-largest burger chain, kept its revitalization going Tuesday with a second-quarter profit gain of 41 percent on strong same-store sales and income from new restaurants.

The Miami-based chain reiterated its double-digit profit growth forecast for fiscal 2007 as it works to improve its brand through expansion and marketing of new food menus.

Net income rose to $38 million, or 28 cents per share, for the three months ended Dec. 31 compared with $27 million, or 24 cents per share, a year ago. Revenue climbed 9 percent to $559 million from $512 million.


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