Burger King Sales Take Nosedive
MIAMI (
) ---
Burger King
(BKC)
said comparable-store sales in its U.S. and Canada segment fell 8.2% in the two months ended Feb. 28, compared with a 3.1% increase in the same period last year.
Burger King said sales in the U.S. and Canada were "severely impacted" during January and February by adverse weather conditions in the central and eastern portions of the U.S.
The fast food chain said worldwide comparable sales for the two months fell 5.4%.
Burger King said it expects its third-quarter U.S. and Canada total revenue, company restaurant margin and income from operations to be lower than the prior-year period.
McDonald's
(MCD) - Get Report
on Monday reported that U.S. sales in February rose 0.6%, and sales jumped 5.4% in Europe and 10.5% in the Asia/Pacific, Middle East and Africa region.
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