Burger King profit falls, misses the Street - Blogging Stocks

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Burger King profit falls, misses the Street
Oct 29, 2009 07:10 PM UTC

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Filed under: Earnings reports, McDonald's (MCD), Burger King Hldgs (BKC), Recession

Even the cheap stuff gets cut when jobs are scarce. Burger King (NYSE: BKC), the second largest burger chain, saw fiscal first quarter profit fall 6% year-over-year, as diners opted to make their own meals at home.

Another part of the problem, though, is that competitors have cut their prices aggressively in order to bring customers through the door, a move that can have an upside for market share but doesn't always restore revenue lost to a recession.

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Burger King profit falls, misses the Street originally appeared on BloggingStocks on Thu, 29 Oct 2009 14:10:00 EST. Please see our terms for use of feeds.

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