MIAMI -- Burger King's fourth-quarter net income nearly doubled thanks in part to lower expenses and strengthening results in the U.S. and Canada.
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Its adjusted earnings and revenue topped Wall Street's expectations.
For the three months ended Dec. 31, the hamburger chain earned $48.6 million, or 14 cents per share. That compares with $25 million, or 7 cents per share, a year earlier.
Removing realignment project costs and other items, earnings were 23 cents per share. Analysts expected 15 cents per share.
Revenue fell 30 percent to $404.5 million from $580.6 million. Analysts forecast revenue of $375.3 million.
The Miami company also said Friday that a key revenue metric climbed 2.7 percent.
Burger King Worldwide Inc. has more than 12,900 locations in 86 countries and territories.