Burger King Q1 comps up 2.6%
October 31, 2006
MIAMI — Burger King reported modest increases for the quarter ended Sept. 30, 2006.
Comparable sales in the United States and Canada rose by 2.6 percent for the quarter, the 10th straight quarter of positive comparable-sales growth.
Worldwide, comparable sales increased by 2.4 percent for the quarter, the 11th consecutive quarter of worldwide positive comparable sales growth.
"It's been more than a decade since the company has seen 11 consecutive quarters of positive comp sales," said chief executive John W. Chidsey. "Our BK Stacker, introduced in North America in July, continues to exceed our expectations, and our BK Value Menu is growing both revenue and bottom-line profitability."
Net income increased 82 percent to $40 million from $22 million in the same period last year.
