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Article: Burger King makes a $148-M comeback
- Article from:
- Winnipeg Free Press
- Article date:
- August 25, 2007
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Copyright informationCopyright F.P. Canadian Newspapers Limited Partnership Aug 25, 2007. Provided by ProQuest LLC. (Hide copyright information)
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MIAMI -- The turnaround continues at Burger King.
Burger King Holdings Inc. posted a fourth-quarter profit Friday versus a loss a year earlier, fuelled by strong late-night and breakfast sales and flashy marketing as it completed its first year as a publicly traded company. Full-year profit rose more than five-fold to US$148 million.
Burger King expanded its hours, added a breakfast value menu, opened hundreds of new restaurants and set records in sales over the past year, more signs of improvement in a company that was struggling earlier this decade.
John Chidsey, chief executive of the world's No. 2 hamburger chain, said he wants to double Burger King's net restaurant openings and post a ...