Feb 13- Burger King Worldwide Inc, known for its Whopper hamburgers, reported a better-than-expected 37 percent jump in quarterly profit as new products, including the Big King sandwich and Satisfries french fries, drew customers in North America.
Feb 13- Burger King Worldwide Inc, known for its Whopper hamburgers, reported a 37 percent jump in quarterly profit, as new products drove the company's same-restaurant sales growth in North America. Burger King's net income rose to $66.8 million, or 19 cents per share, in the fourth quarter ended Dec. 31 from $48.6 million, or 14 cents per share, a year earlier.
LOS ANGELES, Feb 11- Raymond Tremblay, a loyal McDonald's Corp customer from Los Angeles, thinks the fast-food chain sells tasty food at reasonable prices and he cannot think of a quick fix that would help end the company's disappointing U.S. performance.
Billionaire investor William Ackman's fund surged 3.8 percent in January, handily beating the stock market's decline and taking some of the sting away from last year, when losing trades involving J.C. Penney and Herbalife dragged on his fund's performance.
Chipotle's popularity isn't showing any signs of fading, and the food chain is eyeing whether it can raise prices later this year.
NEW YORK, Jan 27- U.S. prosecutors have criminally charged a former Wells Fargo& Co broker and a banker with insider trading in Burger King securities ahead of a 2010 buyout of the fast-food chain.
Jan 23- McDonald's Corp reported weaker-than-expected quarterly sales at established restaurants on Thursday as fewer diners frequented the fast-food chain, and warned that sales would again fall short of analysts' expectations in January.
Some of Tuesday's midday movers:
For the past several months, a number of elderly Korean patrons and a McDonald's they frequent have been battling over the benches inside. NYT reports.
Beef has never been more expensive, and rarely more controversial. From top-end T-bone to Big Mac, the future of the beef industry is at stake.
NEW YORK, Jan 14- A former Wells Fargo& Co broker in Miami has been ordered to pay $5.63 million for trading Burger King securities ahead of a 2010 buyout of the fast-food chain based on inside information he received from a client.
Jan 14- A former broker in Miami has been ordered to pay $5.6 million for trading Burger King Holding securities in 2010 on insider information he received from a client.
The company has been revamping its restaurants and adding new products such as the Pretzel Bacon Cheeseburger to its menu to fend off competition from McDonald's Corp and Burger King Worldwide Inc.. The Dublin, Ohio- based company on Monday forecast full-year adjusted earnings of 34- 36 cents per share, beating the average analyst forecast of 29 cents per share.
The world's biggest hamburger chain is stuck with a lot of unsold chicken from its Mighty Wings promotion, a new report said.
SAN FRANCISCO, Dec 20- The annual no-holds-barred Christmas holiday slugfest between mobile game developers has a new twist this year: marketing and user-acquisition costs will likely hit an all-time high and surpass any revenue earned over the festive season.
The chain is testing a mobile payment and ordering iPhone app at six locations. A national rollout of the program could occur within the year, a spokesperson said.
Dec 9- McDonald's Corp on Monday reported another sluggish month of sales at established restaurants, results that suggest the famed hamburger chain is losing U.S. market share to rivals.
Dec 9- McDonald's Corp continued to grapple with slack demand and intense competition in November, as weakness in the United States, Germany and Japan dragged on sales at established restaurants.
Dec 9- McDonald's Corp reported weaker-than-expected global sales at established restaurants for November, hurt by a sharp drop in comparable-store sales in the United States. The company said high competition and relatively weak customer traffic hurt sales in the United States, its second biggest market after Europe.
McDonald's reported weaker-than-expected global sales at established restaurants, hurt by a drop in comparable-store sales in the United States.