Good To Be King, Burger King Posts Profit Gains In Third Quarter

Good To Be King
Burger King Posts Profit Gains In Third Quarter
http://cbs4.com/local/Burger.King.fast.2.713147.html
MIAMI (CBS4) ― Burger King Holdings Inc., headquartered in Miami, reported on Thursday that strong same-store sales in each of its segments and new restaurant growth helped profit rise 21 percent in its third fiscal quarter. In the quarter, Burger King continued its global expansion including the opening of the first restaurant in Colombia and three franchised airport locations in China.

The company said net income rose to $41-million, or 30 cents per share, from $34 million, or 25 cents per share, last year. Revenue rose 10 percent to $594-million from $539-million last year.

John Chidsey, chief executive officer, said "This quarter we delivered on our global growth strategies, with all segments contributing to top and bottom line expansion." He added, "We leveraged our product pipeline and marketing initiatives around the world while creating a consistent and positive guest experience at our restaurants."

(© 2008 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

By sloopskipper on May 1, 2008, 13:10 in Friendly Talkzone.

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sloopskipper says on May 1, 2008, 13:11: Loosen your belts, more Gringo junk food headed to Colombia! 0 funny, 0 helpful.

darkangel305 says on May 1, 2008, 14:16: noooooooo 0 funny, 0 helpful.

BillBigD says on May 1, 2008, 14:32: I am guessing Bogata? 0 funny, 0 helpful.

sloopskipper says on May 1, 2008, 14:59: They don't say, but probably a good bet. 0 funny, 0 helpful.

tejasmarcos says on May 1, 2008, 15:34: It's in Medellin at Tesoro Mall. They have been open now just a few months and it is not uncommon to see 150-200 people (mostly high school kids) at the joint. There are between 12-15 employees working to fill all the orders at any given time and 15 minute lines are not uncommon. I'd say they're doing pretty well. trying to walk a straight line on sour mash and cheap wine... 0 funny, 0 helpful.

sloopskipper says on May 1, 2008, 15:48: Probably soon be more fat Colombian teenagers. 0 funny, 0 helpful.

vicshere says on May 1, 2008, 15:51: w listo 0 funny, 0 helpful.

sloopskipper says on May 1, 2008, 15:53: From NYC, jump on US 1 (or I-95?), and head south. If your hat floats, you went too far. 0 funny, 0 helpful.

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