Burger King Holdings (BKC) said Thursday that its second-quarter profit jumped 29% as the stalwart Whopper, the new Homestyle Melt and promotions with TV tie-ins gave a boost to worldwide sales at stores open at least a year.
Net income for the world’s No. 2 hamburger chain rose to $49 million, or 36 cents a share, from $38 million, or 28 cents a share a year earlier. Analysts polled by Thomson Financial expected earnings of 32 cents a share.
Revenue rose 10% to $613 million from $559 million in the second quarter 2007. Analysts predicted revenue of $597 million.
Worldwide same-store sales, or sales at locations open more than a year, rose 4.5%. Same-store sales are a key indicator of performance. Competitor and industry leader McDonald’s (MCD) said Monday that its same-store sales were flat in December, and up only 1.5% so far in January.
Burger King’s average restaurant sales increased 8% to $1.25 million, compared with $1.16 million for prior year’s second quarter.
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