Beverly Hills 2/4/2010 11:22:15 PM
News / Business

Burger King Profit Gets a Boost from Increased Traffic

Finance World News Update by EQUITIES Magazine

Burger King Holdings Inc. showed a 3% rise in second-quarter earnings boosted by currency fluctuations, lower costs and worldwide traffic increases.

 

The second-largest U.S. hamburger chain, behind McDonald’s, fared worse than its larger counterpart as it saw same-store sales fall in the previous two quarters and has been hit hard by unemployment a the healthier eating trend.

 

The company's stock, down 7% this year amid two downgrades over the past week, rose in early trading as the results exceeded analysts' expectations.

 

About EQUITIES:

 

Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

Sign up for a free one-year subscription to EQUITIES Magazine