Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
NEW YORK (AP) - NUMBERS: Burger King says its profit surged in the third quarter as sales rose overseas and it saw lower restaurant expenses, mostly due to selling off more company-owned restaurants to franchisees.
DETAILS: Sales fell 0.3 percent at North American restaurants open at least a year, which executives blamed on tough competition and the weak economy. Its performance overseas was stronger, however, and overall global sales rose 0.9 percent at restaurants open at least a year.
BIG PICTURE: While the company's new lower-calorie fries introduced toward the end of the quarter are drawing in more customers, executives stressed that the economic climate remains challenging.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)