Burger King Worldwide, Inc. (BKW) reported that its first-quarter net income was $35.8 million or $0.10 per share, up from $14.3 million or $0.04 per share in the same quarter last year.
Total Company restaurant expenses for the quarter declined to $108.1 million from $354.0 million in the prior year quarter.
Adjusted net income was $60.1 million or $0.17 per share, compared to $39.8 million or $0.11 per share in the same quarter last year.Analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.
Adjusted Net Income and Adjusted earnings per share increased 51% and 49%, respectively, compared to the prior year period, primarily due to an increase in Adjusted EBITDA, lower Depreciation and Amortization and lower interest expense.
Comparable sales growth fell 1.4% in the quarter, due to the impact of leap day and negative comparable sales growth in the U.S. and Canada and Latin America and the Caribbean or LAC", partially offset by positive growth in Europe, the Middle East and Africa or "EMEA" and Asia Pacific or "APAC".
System-wide sales growth of 1.1%, excluding the impact of FX, in the first quarter was primarily attributable to comparable sales growth in EMEA and APAC and net restaurant growth during the trailing twelve months.
In the first quarter, organic revenues fell 2.1%, excluding the impact of refranchising and FX headwinds. On a reported basis, total revenues decreased 42.5% to $327.7 million, compared to $569.9 million in the prior year period due to global refranchising transactions and negative comparable sales growth, partially offset by net restaurant growth and favorable FX impact. Five analysts had consensus revenue estimate of $318.67 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.