Burger KingFast food chain Burger King Holdings Inc. (BKC) reported diluted earnings of 36 cents per share for the fourth quarter of fiscal 2010, down from 43 cents a year earlier.

Revenue for the quarter was $623 million, 1% lower than in the fourth quarter of fiscal 2009, the company said in a statement. A 0.7% drop in worldwide comparable sales hit revenues.

Currency translation reduced diluted earnings by 1 cent per share, while the resolution of state tax audits and "changes in state tax uncertainties" added 2 cents per share.

For the full fiscal year, Burger King reported diluted earnings of $1.36 per share, compared with $1.46 a year earlier. Revenue was $2.5 billion, down 1% from a year earlier.

"In fiscal year 2010, we faced sustained levels of high unemployment and a fragile global economy that combined made this one of the toughest operating environments in recent history," CEO John Chidsey said.



Increase your money and finance knowledge from home

Reading a Stock Quote

Learn to read the ingredients of a stock.

View Course »

Investor’s Toolbox

Improve your investing savvy with the right financial toolset.

View Course »

Add a Comment

*0 / 3000 Character Maximum

2 Comments

Filter by:
thomasva6

gross food. but even worse is wendys and the mexicans don't understand english and screw up your order.....

August 24 2010 at 1:44 PM Report abuse rate up rate down Reply
kramerdad1

hey burger king, want to know why I dont buy at your stores anymore? IT'S BECAUSE OF THE HIDEOUS COMMERCIALS YOU FOOLS RUN!!! If I see that pedophile looking "Burger King" one more time Ill puke!!!!

August 24 2010 at 9:17 AM Report abuse rate up rate down Reply