Burger King 1Q earnings soar, revenue shrinks

April 27, 2013 • Business, National News

In this Thursday, April 25, 2013, photo, a car stops at the drive-thru at a Burger King restaurant near downtown Los Angeles. Burger King reports their quarterly earnings on Friday, April 26, 2013. (AP Photo/Nick Ut)

Burger King’s first-quarter earnings more than doubled even though revenue fell, as the fast-food chain trimmed several restaurant-related expenses.

The Miami-based company had warned earlier this month that sales at established restaurants were expected to fall during the quarter, and they wound up declining 1.4 percent. That includes a 3 percent drop in the United States and Canada.

Burger King said competition and a strong first quarter last year hurt U.S. and Canadian sales comparisons to this year’s quarter. But it said sales from those countries rallied in March due in part to promotions like the Login to read more

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