Earnings per share

Burger King’s third quarter earnings were released on November 4, 2014. The company reported an adjusted earnings per share (or EPS) of $0.27. This was up 17% from $0.23 in the same quarter last year. The earnings met Wall Street analysts’ expectations.

However, revenues declined 1.3% year-over-year (or YoY). The company reported a net loss of $23.5 million during the quarter. We’ll discuss Burger King’s financial performance later in this series.

Why Burger King’s 3Q14 earnings met expectations

Burger King competes with big chains like McDonald’s (MCD), Yum! Brands (YUM), and Wendy’s (WEN). MCD reported EPS of $1.09. Its adjusted EPS was $1.51. This was down 28% compared to last year. YUM reported an adjusted EPS of $0.87. This was up 2%—compared to last year. WEN reported an adjusted EPS of $0.06—compared to $0.08 during the same quarter last year.

Restaurant chains are part of the Consumer Discretionary sector. The restaurant industry is also represented by exchange-traded funds (or ETFs) like the Consumer Discretionary Select Sector SPDR Fund (XLY). Read our key indicator series to learn more.

Company overview

Burger King Worldwide Inc. (BKW) is headquartered in Florida. It operates fast food hamburger restaurants in 100 countries. It has more than 13,500 restaurants. Over 99% of Burger King’s restaurants are franchised. Burger King’s menu includes hamburgers, french fries, chicken and specialty sandwiches, and beverages.

Burger King was acquired by 3G Special Situations Fund II L.P. in 2010. Recently, Burger King acquired Tim Hortons (THI). THI is based in Canada. To learn more, read “Burger King and Tim Hortons investors react to acquisition news.”

Series overview

In this quarterly overview, we’ll take a look at the earnings and strategic changes or tactics that Burger King’s management discussed during the earnings call.

We’ll also discuss key value metrics—like same-store sales and unit growth, the company’s financial performance, and how the market reacted to the earnings. We’ll also discuss Burger King’s year-to-date (or YTD) stock performance. This will help you understand the company. It will help you make an informed investment decision.

In the next part of the series, we’ll discuss one of Burger King’s key revenue drivers—same-store sales.

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