July 30, 2010

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Burger King profit, revenue miss expectations

Thu Oct 29 15:41:00 -0400 2009

Reuters (Chicago)

- Burger King Holdings Inc (BKC.N) posted a weaker-than-expected quarterly profit on Thursday and said an unpredictable consumer environment would persist, sending its shares down more than 3 percent.

“The challenge is riding out the current economic storm by discounting to drive traffic, which is not necessarily easy,” Telsey Advisory Group analyst Tom Forte said. He noted that the company’s general and administrative costs were higher than expected in the quarter.

To view the full article, download the PDF here: Reuters, October, 29, 2009