Burger King 2Q profit rises 19 percent

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

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

Despite their complaints, customers keep flocking to Chipotle

The Bottom Line: The chain continued to be a juggernaut last quarter, with strong sales and traffic growth, despite frequent social media complaints about shrinkflation or other challenges.

Operations

Hitting resistance elsewhere, ghost kitchens and virtual concepts find a happy home in family dining

Reality Check: Old-guard chains are finding the alternative operations to be persistently effective side hustles.

Financing

The Tijuana Flats bankruptcy highlights the dangers of menu miscues

The Bottom Line: The fast-casual chain’s problems following new menu debuts in 2021 and 2022 show that adding new items isn’t always the right idea.

Trending

More from our partners