Burger King Earnings: Profit Up 30%

Revenue Fell 49% but Inched Up Excluding Refranchising, Currencies

July 31, 2013 10:10 a.m. ET

Burger King Worldwide Inc.'s second-quarter earnings rose 30% as stronger same-store sales in Europe, the Middle East and Africa helped offset the fast-food chain's weakness in North and Latin America.

Revenue declined 49% to $278.3 million, primarily due to a 85% drop in company-restaurant revenue. Excluding the impact of refranchising and currency movements, revenue increased 1.2%.

The company, which returned to the public...

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