Burger King reports 4Q profit increase

Burger King reports 4Q profit increase

Burger King Holdings Inc. announced that its fourth-quarter profit rose 29 percent as its world sales were up.

The company said that its net income increased to $49 million (EUR33.09 million), or 36 cents per share, from $38 million, or 28 cents per share a year ago.

Its revenue was up 10 percent to $613 million (EUR413.91 million).

Burger King, often abbreviated to BK, is a global chain of hamburger fast food restaurants. It was founded in 1954 by James McLamore and David Edgerton, and has since used a franchise model to expand to just over 11,200 stores in 65 nations around the globe. One of its largest franchisees is Hungry Jack's, which owns, operates and sub-licenses over 300 restaurants in Australia.