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Burger King Income Falls, Sales Slip
MIAMI (AP) -- Burger King Holdings Inc. says its fourth-quarter net income fell nearly 17 percent as sales slipped and ingredient costs climbed.

The fast-food restaurant says it earned $49 million, or 36 cents per share during the period that ended in late June. That compares to last year's net income of $58.9 million, or 43 cents per share.

The company also got a smaller tax benefit than last year.

Revenue slipped 1 percent to $623 million.

The earnings beat Wall Street forecasts, but revenue fell short.

Meanwhile, sales at restaurants open at least a year slid for the fifth consecutive quarter.

Burger King is based in Miami and has more than 12,000 restaurants around the globe, including one in Monmouth.

(Copyright 2010 by The Associated Press. All Rights Reserved. WGIL News contributed to this report.)
08 24 10 by Newsroom
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