) -- Shares of

Burger King Holdings


pushed higher Tuesday morning after the fast food chain posted better-than-expected fourth-quarter profits.

Burger King booked earnings of $49 million, or 36 cents per share, beating expectations for profits of $45.8 million, or 34 cents per share. Still, results were sharply lower than year-earlier profits of $58.9 million, or 43 cents per share.

While earnings topped Wall Street's expectations, Burger King's quarterly revenue came up short as global comparable same-store sales, or sales at stores open at least one year, fell 0.7%. Comps at U.S. and Canadian locations fell 1.5%.

Burger King's performance was pressured by stubbornly high rates of young, jobless males in the U.S., Citi analyst Gregory R. Badishkanian said in an appearance on



Burger King said it plans to open between 225 and 275 net new restaurants in fiscal 2011, over 90% of which will be outside the U.S. and Canada.



(MCD) - Get McDonald's Corporation (MCD) Report

is also looking to expand abroad.

Last week McDonald's said it

raised $29.4 million through yuan-denominated bonds in Hong Kong

. McDonald's was the first non-financial multinational company to issue a yuan-denominated bond in China after the country began allowing its currency to be used for cross-border trade last year, though others may be looking to follow suit. Reports indicate that

Wal-Mart Stores

(WMT) - Get Walmart Inc. Report

may follow the fast-food purveyor's lead with its own offering.

>>McDonald's Raises Funds in Yuan Bond

Burger King's fourth-quarter comps were positive in some areas of the world, with a 0.2% gain in Europe, the Middle East, Africa and Asia/Pacific led by strength in Spain, Turkey, Australia, New Zealand and Korea. Comps growth of 3.9% in Latin America was driven by the strength in Brazil, Argentina, Paraguay and El Salvador.

Sales outside the U.S. and Canada made up 31.5% of Burger King's total revenues in the quarter.

A roster of fast casual restaurants also reported quarterly results recently, offering up a mixed bag of same-store sales results.

>>Fast Food Stocks Deliver Mixed Bag

McDonald's said comps surged 7% in July, fueled in large part by its beverage business. It was the burger-and-fries chain's biggest monthly increase by that measure since April of 2009. The Golden Arches said it

grew overall global comps by 4.8% in its recent quarter

, helped by its dollar menu and an expanded list of coffee drinks, but the figure came up short of expectations.

>>McDonald's Heats Up on Cold Drinks

Wendy's Arby's

TheStreet Recommends

(WEN) - Get Wendy's Company Report

said system-wide same-store sales at Wendy's restaurants decreased 1.7% in its fiscal second quarter, ended July 4, while comps at Arby's fell 7.4%.

Sector darling

Chipotle Mexican Grill

(CMG) - Get Chipotle Mexican Grill, Inc. Report

reported an 8.7% jump in year-over-year comps.

>>Chipotle Leading the Pack

Shares of Burger King rose 0.8% in morning trading Tuesday while McDonald's lost 0.8%.

--Written by Miriam Marcus Reimer in New York.

>To contact the writer of this article, click here:

Miriam Reimer


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>> Restaurant Winners: Wendy's, Sonic

>>McDonald's Raises Funds in Yuan Bond

>>Brinker Slides on Downgrade

>>Biglari Gains on Western Sizzlin

>>Fast Food Stocks Deliver Mixed Bag

>>Wendy's Disappoints, Lowers Outlook

>>Chipotle Leading the Pack

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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.