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The Caterer

Burger King achieves record revenues

30 January 2007
Burger King achieves record revenues

Concerns over healthy eating continue to have no impact on fast-food chain Burger King, will company revenues hitting a record high.

Worldwide, comparable sales were up 3.7% with sales in North America up 4.4%.

The BK Value menu as well as the group's Xbox game collection, which sold more than 3.2m copies, increased both sales and restaurant traffic."

John Chidsey, Burger King chief executive officer, said: "Our brand and our great food continue to resonate with our restaurant guests."

Worldwide revenue increased to $559m (3285m) - a rise of 9%, while restaurant margins increased for a third consecutive quarter, up to 15.9% from 15.2% for the same period last year.

The company stated it was on target to achieve its key financial goals for 2007: to grow top-line revenue by 6-7%; grow adjusted earnings before interest, tax, depreciation and amortizisation (EBITDA) by 10-12%; increase adjusted net income in excess of 20% and reduce debt.

By Emily Manson

Burger King to stop advertising to kids>>

Burger King profits stumble after stock market listing>>

Burger King raises over £200m through stock market>>

E-mail your comments to [Emily Manson]( King) here.

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