Burger King Worldwide Inc. said its profit climbed by 19 percent in the second quarter as lower costs and growth overseas boosted results.
The Miami-based company said global sales at established locations rose 0.9 percent. While the figure edged up just 0.4 percent in the U.S. and Canada, it rose 3.7 percent in Asia.
Traditional fast-food chains such as Burger King and McDonald's have been struggling to boost sales in the U.S., with more people heading to places such as Chipotle and Panera. But Burger King has been focusing on striking deals with local operators in developing markets to build more restaurants.
The company has more than 13,000 locations globally, compared with more than 35,000 for McDonald's. Burger King executives have said that gives them considerable room for expansion around the globe, particularly because Burger King is such a well-known brand.Read the Full Article