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Burger King Beats Earnings Estimates

|Includes:Restaurant Brands International Inc. (QSR)

Originally published at www.seclive.com

Burger King Worldwide, Inc. (BKW) announced its financial results for the second fiscal quarter of 2014, posting earnings results that beat analyst expectations. The global fast-food chain saw revenue decline 6.1% from $278.3M to $261.2M, missing analyst expectations of $262.2M. Net income rose from the year-ago $62.9M and $0.18 per share to $75.1M and $0.21 per share, while adjusted earnings per share increased from $0.21 to $0.25. Burger King beat analyst expectations of $0.23 adjusted earnings per share. Net restaurant growth was 4.8% to 131, while overall operating costs fell close to 25%. CEO Daniel Schwartz commented that the company expects the strong results to continue, thanks to the consistent efforts of its franchisees and employees.

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: QSR