Burger King swings to a profit after cutting costs

03/14/2012 | Wall Street Journal, The

Burger King's revenue declined 0.7% in the fourth quarter as some markets grew and others struggled, but the chain reported a $29.4 million profit compared to a net loss of $93.9 million in the year-ago quarter. The earlier period included $144.9 million in costs related to 3G Capital's $4 billion acquisition of the chain in October 2010.

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