New restaurant growth boosts Burger King 3Q results
AP , Miami: May 1 2008
Made Popular May 1 2008

Burger King Holdings says strong same-store sales in each of its segments and new restaurant growth helped profit rise 21 percent in its third fiscal quarter.

The Miami-based fast-food chain says 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.

Thomson Financial says analysts, on average, predicted a profit of 27 cents per share on revenue of $580 million.

The company says same-store sales rose 5.8 percent during the quarter.

Burger King now expects a profit of $1.33 to $1.35 per share for the year, up from previous guidance of $1.28 per share. Analysts predict earnings of $1.32 per share.

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