MIAMI - Winter storms hurt Burger King's results in January and February, the fast-food chain said Tuesday.
In the United States and Canada, Burger King's sales in locations open at least a year fell 8.2 per cent over the two-month period. Over 75 per cent of Burger King stores are in the Central and Eastern U.S., which were hardest hit by storms.
On a worldwide basis, the sales measurement fell 5.4 per cent.
Sales at restaurants open at least a year are a key performance indicator because they measure growth from existing locations rather than newly opened ones.
Burger King Holdings Inc. (NYSE:BKC), based in Miami, said storms hurt the sales metric by about three percentage points in the U.S. and Canada. The company expects revenue and income from operations in the fiscal third quarter will fall from the year-ago period in the U.S. and Canada.
During the first week in March, sales in stores open at least one year have improved, CEO John W. Chidsey said in a statement.