Burger King’s profit climbs on strength overseas; Satisfries help North American sales

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FILE - In this Thursday, April 25, 2013, file photo, a car stops at the drive-thru at a Burger King restaurant near downtown Los Angeles. Burger King reports their quarterly earnings on Thursday, Feb. 13, 2014. (AP Photo/Nick Ut)

NEW YORK, N.Y. – Burger King reported a higher quarterly profit as growth overseas helped lift a key sales figure.

The Miami-based chain says global sales rose 1.7 per cent at locations open at least a year, with particularly strong results in Asia. In North America, where it introduced lower-calorie french fries called Satisfries, the figure edged up 0.2 per cent.

For the quarter ended Dec. 31, Burger King says it earned $66.8 million, or 19 cents per share. That compares with $48.6 million, or 14 cents per share, a year ago.

Not including one-time items, it said it earned 24 cents per share, above the 23 cents per share Wall Street expected.

The sale of company-owned restaurants to franchisees led to lower revenue $265.2 million, which was below the $268.2 million analysts expected.

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