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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Burger King Revenue Declines While Profits Climb 0 comments
    Oct 28, 2013 10:39 AM | about stocks: BKW

    Originally published at www.seclive.com

    Burger King Worldwide, Inc. (BKW) reported a decrease in revenue while its profits climbed in its recent earnings announcement for the third fiscal quarter this year. Revenue fell 40% from a year ago to $275.1M, beating expectations of $267M while profit improved 32.7% to $81.1M and $0.23 earnings per share. The company's operating expenses fell 64% thanks to effective cost management and global refranchising efforts. CEO Daniel Schwartz commented that the company opened a net total of 133 stores worldwide while also rolling out the new French fry product Satisfries in the U.S. and Canada. Global comparable sales increased 0.9% and the company also announced a dividend increase in fourth quarter from $0.06 to $0.07 per share.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: BKW
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