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The Wendy's Company

Burger King's 4Q Profits Climb 37%, Top Forecasts

Burger King Worldwide (NYSE:BKW) beat the Street on Thursday with a 37% jump in fourth-quarter profits as the fast-food giant benefited from new menu items and lower expenses.Shares of the rival to Wendy's (NYSE:WEN) and McDonald's (NYSE:MCD) advanced almost 3% to fresh 52-week highs on the news.Burger King said it earned $66.8 million, or 19 cents a share, last quarter, compared with a  profit of $48.6 million, or 14 cents a share, a year earlier.Excluding one-time items, it earned 24 cents a share, topping estimates from analysts by a penny.Revenue slumped 34% to $265.2 million, trailing the Street's view of $270 million. Global same-store sales increased 1.7%.  "In North America, our focus on launching fewer, more impactful products helped drive improved sales trends as the year progressed," Burger King CEO Daniel Schwartz said in a statement.Burger King's results were boosted by an 89% plunge in total company restaurant expenses.Shares of Miami-based Burger King rallied 2.86% to $2...

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  1. Wendy's Shares Slide After Third-quarter Earnings

    Wendy's Co. reported its third-quarter loss narrowed to $1.9 million, or zero cents a share, from a loss of $26.2 million, or 7 cents a share, a year earlier. Adjust...

  2. Europe buoys McDonald's in August, but worries linger

    McDonald's Corp reported a bigger-than-expected 1.9 percent increase in global sales at established restaurants in August, after a revival in France helped drive sol...

  3. Analysis: U.S. chief executives can't break cost-cutting habit

    A disconcerting trend lurks beneath the recent round of solid profit forecasts announced by companies ranging from United Technologies Corp to Wendy's Co : More than...

  4. Don't Fret Over Fast Food's Mixed 2Q

    A cautious outlook by McDonald's and a second-quarter disappointment have weighed down the stock market and ignited fears of a stalling economic recovery, but analys...

  5. Market Wrap for Tuesday, July 23: Stocks Close Mixed as Investors Focus on Earnings

    The stock market meandered for much of Tuesday's trading session and some late-day selling sent the S&P 500 and Nasdaq out with losses.The Dow Jones Industrial Avera...

  6. After 2Q Beat, Wendy's to Sell 425 Restaurants

    Wendy's (NYSE:WEN) revealed stronger-than-expected second-quarter earnings on Tuesday and an overhaul that includes selling 425 restaurants to franchise operators.Th...

  7. GE Capital Sells $1.3B Worth of Assets

    General Electric (NYSE:GE) secured two deals on Friday to sell some GE Capital assets for roughly $1.35 billion in a move that comes days after CEO Jeff Immelt said ...

  8. McDonald's cuts Angus burgers from U.S. menu due to high beef prices

    McDonald's Corp said on Thursday it is phasing out one-third pound Angus burgers from U.S. menus, an anticipated move that comes shortly after U.S. beef prices hit a...

  9. McDonald's, Wendy's Battle for Value-Centric Customers

    McDonald's Corp. (MCD) and Wendy's Co. (WEN) are struggling to attract cost-conscious consumers who are demanding better deals than even these low-priced fast-food c...

  10. Wendy's 1Q Net Falls 83% on Charges

    Wendy's (NASDAQ:WEN) said Wednesday its first-quarter earnings tumbled 83% amid costs related to refreshing its restaurants and menu, while the fast-food chain saw i...

  11. Wendy's Names Kellogg Executive as New CFO, Replacing Steve Hare

    Wendy's Co. (WEN) said Steve Hare will step down as finance chief of the burger chain in September, and will be replaced by a Kellogg Co. (K) executive.Todd Penegor,...

  12. McDonald's Net Edges Up 0.3%; Comp Sales Fall

    McDonald's Corp.'s (MCD) first-quarter earnings grew just 0.3% as its revenue showed slight improvement, but same-store sales and margins declined.In the face of wea...

  1. McDonald's sales miss as fewer customers visit its restaurants

    McDonald's Corp reported weaker-than-expected quarterly revenue as fewer customers visited its restaurants, in part due to a severe winter in the United States.The w...

  2. Mondelez Adds Activist Nelson Peltz to Board

    Avoiding a potential proxy fight, global food giant Mondelez International (NASDAQ:MDLZ) announced a deal on Tuesday to add activist investor Nelson Peltz to its boa...

  3. Wendy's Estimates Profit to Beat the Street

    Wendy's Co, the second-largest U.S. hamburger chain, estimated adjusted quarterly earnings above analysts' expectations, as expenses fell due to franchising many com...

  4. Sysco to buy US Foods from private equity, shares leap

    Sysco Corp will buy US Foods Inc for about $3.5 billion from its private equity owners in a deal that will combine the top two U.S. food distributors and create a co...

  5. Wal-Mart's Employee Food Drive: Thoughtful or Tone Deaf?

    It's common for corporations to host charitable events during the holiday season, but a food drive for workers at a Wal-Mart store is causing the discount giant to d...

  6. Office Depot names Delhaize executive Roland Smith to top job

    Office Depot Inc said on Tuesday that Roland Smith, former head of the U.S. division of supermarkets operator Delhaize Group, was named to be the chief executive of ...

  7. Wendy's Sales Fall Short of Estimates, Shares Fall

    Fast-food chain Wendy's (NYSE:WEN) boosted its full-year outlook on Thursday after a rise in same-store sales helped to sharply narrow its third-quarter loss.However...

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