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Revenue for the Miami-based company’s third quartet ended March 31was $600 million, up 1 perceng from $594 million in the same quarter last Net income was $47 or 34 cents a share, up from $41 or 30 cents a share, in the previous year’sd quarter. “We continue to post top-line growt h even in this challengingmacroeconomif environment,” Burger King Chairman and CEO John Chidseyg said in a news release. “We deliverefd our 21st consecutive quarter of worldwide positivecomp sales, our annual net restaurant growth remains on tracok and our cash flow generation remaines strong.” The company opened 53 net new restaurants during the thirf quarter.
Looking ahead, the company said it expects its fourt h quarter earnings per share to be in the range of 34 cent to37 cents. It lowered its full-year outlook to $1.30 to $1.42 a share from $1.44 to $1.49 a share “due to ongoing market challenges,” as well as the unknown potential effects of the swine flu on the Shares closed down 56 cents Wednesday to The 52-week high was $30.9 on Aug. 11. The 52-week low was $16.57 on Oct. 28.
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