Tuesday, August 24, 2010

Burger King Holdings, Inc. Reports Fourth Quarter and Full Fiscal 2010 Results

Fourth quarter fiscal 2010:


Worldwide comparable sales were negative 0.7 percent compared to negative 2.4 percent in the same period last year;
U.S. and Canada comparable sales were negative 1.5 percent compared to negative 4.5 percent in the same period last year;
Solid development growth continued with net restaurant count increasing by 59; and
Diluted earnings per share were $0.36, including $0.01 per share of negative impact from currency translation, compared to diluted earnings per share of $0.43 in the same quarter last year. Last year's diluted earnings per share included a $0.07 tax benefit from the dissolution of dormant foreign entities and this year's diluted earnings per share included a $0.02 tax benefit from the resolution of state tax audits and changes in state tax uncertainties.

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