ADVFN - Advanced Financial Network.
HOME» NYSE » B » BKC Stock Price » BKC Stock News

Burger King Holdings Share News

 Burger King Holdings Stock Price
BKC Stock Price
 Burger King Holdings Stock Chart
BKC Stock Chart
 Burger King Holdings Stock News
BKC Stock News
 Burger King Holdings Company Information
BKC Company Information
 Burger King Holdings Stock Trades
BKC Stock Trades

McDonald's 2Q Profit Rises 12% On Continued Sales Gains

(Adds detail on latest sales trends.) By Paul Ziobro Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- McDonald's Corp.'s (MCD) sales continued to lead the fast-food competition with help from new beverages like frappes, as second-quarter earnings rose 12%. McDonald's worldwide same-store sales rose 4.8% in the quarter, capped with 4.8% growth in June, although investors were disappointed that the latest month's results weren't more robust. McDonald's shares fell 1.44% in premarket trading to $70.37. Chief Executive Jim Skinner said that same-store sales trends for July are currently in-line or better than the second-quarter, where, by region, the figure grew 3.7% in the U.S., 5.2% in Europe and 4.6% in its Asia/Pacific, Middle East and Africa segment. McDonald's U.S. business has been focused on increasing the number of customers that come into its restaurants, whether by adding new products like frappes and smoothies or by abstaining from raising menu prices at all. McDonald's says that demand for smoothies, for instance, has been so successful that it canned plans for stores nationwide to offer free samples because of fears that it wouldn't be able to make enough of the frozen fruit drinks. Frappes, a blended icy coffee drink, have also been hot sellers. The strategy has helped McDonald's sales outpace its main burger rivals Burger King Holdings Inc. (BKC) and Wendy's, of Wendy's/Arby's Group Inc. (WEN), as they battle for a smaller pool of customers. McDonald's sales in Europe continue to do well too, despite the emergence of a financial crisis there, due to what the company says is good value across its menu. The world's largest hamburger chain reported a profit of $1.23 billion, or $1.13 a share, up from $1.09 billion, or 98 cents a share, a year earlier. Revenue increased 5% to $5.95 billion. Analysts polled by Thomson Reuters most recently forecast earnings of $1.12 on revenue of $5.91 billion. Operating margin rose to 31% from 29.8%. -By Paul Ziobro, Dow Jones Newswires; 212-416-2194; (Tess Stynes contributed to this article.)

Stock News for Burger King Holdings (BKC)
05/07/201218:00:43Safeway To Sell Pork From Farms That Don't Use Sow Crates
04/04/201214:09:21Burger King Beckons Investors Once Again With Planned Listing
03/19/201215:18:55Wendy's Tops Burger King For 4th Place Overall In Technomic Estimates...
12/27/201121:16:03Repsol To Sell Burger King's Products At Spanish Gas Stations...
08/19/201116:29:12Burger King To Retire 'King' Mascot For Burger-Based Marketing
03/10/201111:34:14Florida Moves To Block Bans On Fast-Food Toy Giveaways -Report
09/23/201005:18:06Palm Oil Body RSPO Rebukes Indonesia's Smart On Sustainability...
09/07/201016:38:46MARKET SNAPSHOT: U.S. Stocks End Four-day Win Streak
09/07/201015:52:14MARKET SNAPSHOT: U.S. Stocks Set To Halt Four-day Win Streak
09/07/201014:49:24MARKET SNAPSHOT: U.S. Stocks Drop As Europe Fears Resurface
09/02/201016:43:09MARKET SNAPSHOT: Stocks Log Gains Ahead Of Friday Jobs Report
09/02/201016:09:09MARKET SNAPSHOT: Stocks Creep Higher Near Close Of Trading
09/02/201015:51:29Despite The Challenges, Burger King Fits Private Equity's Bill
09/02/201015:21:05MARKET SNAPSHOT: Stocks Stay Close To Home Ahead Of Friday Data
09/02/201011:17:22MARKET SNAPSHOT: U.S. Stocks Waver After The Start
09/01/201016:39:50MARKET SNAPSHOT: U.S. Stocks Rally On Hopes For Economic Growth
09/01/201015:47:22MARKET SNAPSHOT: U.S. Stocks Surge On Hopes For Economic Growth
09/01/201010:14:19MARKET SNAPSHOT: U.S. Stocks Rally On Global Growth Hopes
07/23/201009:13:11McDonald's 2Q Profit Rises 12% On Continued Sales Gains
07/20/201015:34:49CORRECT: Burger King Adding Kids Meal At Breakfast This Month

Burger King Holdings and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations