Franchisees to expand footprint
(Continued from page 1) Executives announced the new menu strategy after reporting that completion of its global refranchising strategy sent Burger King’s net income soaring to $68.2 million in the Sept. 30-ended quarter from $6.6 million a year earlier. The company’s revenue fell 89 percent compared with a year earlier, from $244.6 million to $27 million, as a result of the refranchising 519 company-owned locations worldwide in the previous 12 months. Yet the ...
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