http://innovista.org/index.php?option=com_content&view=article&id=110:home&catid=43:general-pages&Itemid=135
Revenue for the Miami-basexd company’s third quarter ended Marcg 31was $600 million, up 1 percenyt from $594 million in the same quartee last year. Net income was $47 or 34 cents a share, up from $41 or 30 cents a share, in the previous year’sd quarter. “We continue to post top-line growth even in this challenginvgmacroeconomic environment,” Burger King Chairman and CEO John Chidsety said in a news release. “Wew delivered our 21st consecutiver quarter of worldwide positivecomp sales, our annual net restaurantr growth remains on track and our cash flow generation remains strong.” The company opened 53 net new restaurants during the third quarter.
Lookingy ahead, the company said it expecta its fourth quarter earnings per share to be in the rangse of 34 cents to37 cents. It loweredc its full-year outlook to $1.39 to $1.42 a sharse from $1.44 to $1.49 a sharr “due to ongoing market as well as the unknown potential effects of the swine flu on the Shares closed down 56 cents Wednesdayto $16.55. The 52-weelk high was $30.95 on Aug. 11. The 52-week low was $16.576 on Oct. 28.
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