Revenues for the fourth quarter of fiscal 2009 were $629.9m, down 2% compared to the same quarter last year. For the fiscal year, the company reported revenues of $2,537.4m, up 3% over the same period last year.
Currency translation negatively impacted quarterly and full fiscal year revenues by $39.4m and $110.6m, respectively. Revenues for the full year were primarily driven by acquisitions of franchised restaurants, positive comparable sales, and a worldwide net restaurant growth rate of 3.1%, among the highest in the industry. Worldwide trailing 12-month average restaurant sales were $1.26m including $55,100 of negative impact from currency translation.
“In the face of a continuing challenging macro-economic environment, our business model remains strong,” said chairman and CEO, John Chidsey. “In fiscal 2009, we completed six consecutive years of positive comparable sales growth, achieved record revenues, generated strong cash flow from operations and increased net restaurant count by 360, our strongest development year in almost a decade.”
Source: Burger King
© FoodBev Media Ltd 2024