Burger King's Q1 EPS doubles

Investor's Business Daily

The home of the Whopper burger said EPS rose 55% to 17 cents, in line with views. Sales fell 42% to $327 mil, above estimates of $308.5 mil. Same-store sales fell 1.4% overall and 3% in the U.S. and Canada. Since its purchase by private equity firm 3G capital, Burger King (BKW) has been selling more restaurants to franchisees. The company said 97% of its restaurants are now franchise-owned. Shares rose 1.2% to 18.27.

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