Burger King Sales Take Nosedive

Burger King said comparable sales at its U.S. and Canada segment fell 8.2% in the two months ended Feb. 28.
By Andrea Tse ,

MIAMI (

TheStreet

) ---

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.

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.

Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Loading ...