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Burger King Holdings was the parent company of Burger King when it went public in 2002. [68] Burger King derived its income from several sources, including property rental and sales through company owned restaurants; [68] however, a substantial portion of its revenue was dependent on franchise fees. [68]
2012: Burger King is taken public once again on the NYSE with the symbol BKW. [98] 2014: Burger King merges with Canadian donut/coffee chain Tim Hortons in a deal worth $18 bn/CAD$19.6 bn. [99] [100] 2019: Burger King plans to close up to 250 low-volume locations per year, with closures coming into effect in 2020. [101]
Burger King partially credited reintroduction of the Big King with a limited regain of domestic same-store comparable sales of 0.1% in 2014 over a 0.9% loss the previous fiscal year. [39] At the same time the company's total sales were up 2%, with adjusted earnings per share increasing 19.7% to $0.20 per share.
When 3G bought Burger King, it had roughly $14 billion in annual sales and was growing by about 150 new restaurants a year. Last year, the company's total sales had grown to $18.2 billion and it ...
And in the first quarter of 2023, Burger King sales grew by a solid 10.8% while Popeyes sales rose by 5.6%. However, Restaurant Brands faces competition from other quick-service restaurants that ...
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With the sale of Burger King to 3G Capital of Brazil in 2010, Burger King made the decision to sell off almost all corporate owned stores to its franchises by the end of 2013. [ 19 ] [ 20 ] One major move towards this goal was the sale of over 275 stores to corporate franchise group Carrols Corporation of New York and nearly 100 stores to the ...
Unfortunately, it was more of the same for Burger King (BKC) in the last quarter: Though the fast-food chain reported earnings per share of 37 cents -- above the Thomson Reuters estimate of 34 ...