Miami-based Burger King Worldwide Inc. nearly doubled its full-year net income in 2013 to $233.7 million. Revenue for the year fell 41.6 percent to $1.15 billion, primarily due to the refranchising of 360 company-owned restaurants during the year. However, Burger King also opened 670 net new restaurants through the year, which helped drive a global same-store sales increase of 0.5 percent. The quick-service chain operates or franchises more than 13,000 restaurants in the United States and 96 foreign markets.
4Q NET INCOME
Result: $66.8 million, or 19 cents per share% Increase: 37.4% (from $48.6 million, or 14 cents per share)
4Q REVENUE
Result: $265.2 million% Decrease: 34.4% (from $404.5 million)
4Q SAME-STORE SALES
% Increase systemwide: 1.7%
% Increase in United States and Canada: 0.2%
% Increase in Europe, Middle East and Africa: 3.3%
% Increase in Latin American and Caribbean: 1.8%
% Increase in Asia Pacific: 6.2%
Source: Company report
FULL YEAR NET INCOME
Result: $233.7 million, or 65 cents per share% Increase: 98.6% (from $117.7 million, or 33 cents per share)
FULL YEAR REVENUE
Result: $1.15 billion% Decrease: 41.6% (from $1.97 billion)
FULL YEAR SAME-STORE SALES
% Increase systemwide: 0.5%
% Decrease in United States and Canada: 0.9%
% Increase in Europe, Middle East and Africa: 2.4%
% Increase in Latin American and Caribbean: 0.1%
% Increase in Asia Pacific: 4.1%
Source: Company report
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