Comment on Burger King 1Q earnings soar, revenue shrinks

Burger King 1Q earnings soar, revenue shrinks

Burger King 1Q earnings soar, revenue shrinks Associated Press Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 7:27 am, Friday, April 26, 2013 Burger King's first-quarter earnings more than doubled even though revenue fell, as the fast-food chain trimmed several restaurant-related expenses. The Miami-based company had warned earlier this month that sales at established restaurants were expected to fall during the quarter, and they wound up declining 1.4 percent. The company previously said adjusted earnings totaled 17 cents per share in the most recent quarter. 3G Capital also has slashed costs, signed international expansion deals and changed the U.S.

 

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