MIAMI (

TheStreet

) -- Shares of

Burger King Holdings

(BKC)

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

CNBC

.

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.

Rival

McDonald's

(MCD) - Get 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 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

(WEN) - Get 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 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

.

>To follow the writer on Twitter, go to

http://twitter.com/miriamsmarket

.

>To submit a news tip, send an email to:

tips@thestreet.com

.

RELATED STORIES:

>> 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

>>See our new stock quote page.

Follow Miriam Marcus Reimer on

Twitter

and become a fan of TheStreet on

Facebook.

Get more stock ideas and investing advice on our sister site,

Stockpickr.com.

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