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Tue October 29, 2013
New Fries Help Burger King To A Whopper Of An Earnings Boost
Originally published on Wed October 30, 2013 6:49 am
RENEE MONTAGNE, HOST:
NPR's business news starts with lots of hamburgers.
(SOUNDBITE OF MUSIC)
MONTAGNE: Burger King is reporting a stunning jump in earnings - nearly $70 million in the last quarter. A year ago, third-quarter profits were just over $6 million. Burger King's stock rose on the news to $21 a share - that's about six Whoppers a share. But namesake burgers might not be responsible for the growth. Customers flocked to locations in the U.S. and Canada to taste the Satisfry, a supposedly healthier French fry. Transcript provided by NPR, Copyright NPR.