New menu lifts Burger King profits

Burger King Holdings reported higher quarterly profit today.

Burger King Holdings reported higher quarterly profit today.

The world's number two hamburger chain behind McDonald's said net income was $49 million, or 35 cents per share, in its fiscal first quarter that ended September 30th, compared with $40 million, or 30 cents per share, a year ago.

Total revenue for the quarter rose to $602 million from $546 million a year ago. Same-store sales, a key industry measure that tracks sales at restaurants open at least 12 months, rose 6.6 per cent in the United States and Canada and 5.9 per cent worldwide.

The company said for the first time in six years that it expects net restaurant growth in fiscal 2008.

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