Burger King nearly doubles net income in 2013

Burger King nearly doubles net income in 2013

Net income rose 98.6 percent to $233.7 million for the year

Miami-based Burger King Worldwide Inc. nearly doubled its full-year net income in 2013 to $233.7 million. Revenue for the year fell 41.6 percent to $1.15 billion, primarily due to the refranchising of 360 company-owned restaurants during the year. However, Burger King also opened 670 net new restaurants through the year, which helped drive a global same-store sales increase of 0.5 percent. The quick-service chain operates or franchises more than 13,000 restaurants in the United States and 96

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