Analysts were cheered when Burger King revealed a smaller-than-expected decline in fourth-quarter earnings, but the company's chief cautioned that continued economic slowness in the U.S. and government austerity programs in Europe are likely to further impact sales and profits in the coming months. The chain, which has been promoting more premium products to move customers away from lower-margin value offerings, saw global same-store sales fall 0.7%.

Related Summaries