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Burger King 4Q profit rises 42 pct, tops estimates

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[August 21, 2008]  NEW YORK (AP) -- Burger King Holdings says its profit surged 42 percent in its fiscal fourth quarter, driven by improved sales and marketing. The results are above Wall Street expectations.

The Miami-based fast-food restaurant chain said Thursday it earned $51 million, or 37 cents per share, in the quarter ended June 30. That's up from $36 million, or 26 cents per share, a year ago.

It says revenue rose 9 percent to $646 million.

Analysts surveyed by Thomson Reuters expected the company to earn 34 cents per share on revenue of $634.6 million.

Burger King says sales in restaurants open at least a year, a key metric, rose 5.3 percent worldwide and increased 5.5 percent in the U.S. and Canada.

[Associated Press]

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.




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