North Bergen, New Jersey 2/4/2010 10:52:17 PM
News / Business

Burger King Profits soar in the 2nd quarter.

13 percent boost brings Burger King to Wall Street Grands Hot Stock List.

Wall Street Grand, LLC., a leading investor newsletter is pleased to announce to the investment community and Wall Street Grand members market moving news about Burger Kings (NYSE:BKC) 13 percent boost in the 2nd quarter great consistency through the second quarter of 09 which will be available live via webcast . Burger King (NYSE:BKC) trades on the “New York Stock Exchange” under the stock symbol “BKC”. To learn more about “BKC”, make sure to visit our exclusive website http://www.wallstreetgrand.com/.

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Burger King Corp.'s (NYSE:BK) second-quarter profit rose 13 percent with assistance from items including the $1 double cheeseburger, which are located on the value menu, attracted cost-conscious eaters into its restaurants. The company's franchisees fought against the double cheeseburger promotion when it was announced this fall, saying they would lose money on the deal. But the company said it aroused traffic and singled it out in a news release as helping the quarter's performance and said there would be more promotions to come.

The nation's No. 2 hamburger chain said it earned $50.2 million, or 37 cents per share, during the three months that ended Dec. 31. A year earlier, the company earned $44.3 million, or 33 cents per share. Revenue rose 2 percent to $645.4 million, which the company said was helped by the addition of 95 restaurants and an additional $22.8 million due to currency translation.

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