
Burger King sales hurt by winter stormsMIAMI (AP) — Winter storms hurt Burger King's results in January and February, the fast-food chain said Tuesday. In the U.S. and Canada, Burger King's sales in locations open at least a year fell 8.2 percent over the two-month period. Over 75 percent of Burger King stores are in the Central and Eastern U.S., which were hardest hit by storms. On a worldwide basis, the sales measurement fell 5.4 percent. Sales at restaurants open at least a year are a key performance indicator because they measure growth from existing locations rather than newly opened ones. Burger King Holdings Inc., based in Miami, said storms hurt the sales metric by about 3 percentage points in the U.S. and Canada. The company expects revenue and income from operations in the fiscal third quarter will fall from the year-ago period in the U.S. and Canada. During the first week in March, sales in stores open at least one year have improved, CEO John W. Chidsey said in a statement. |
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