date:Nov 01, 2012
ing restaurants to franchisees, which means the company no longer includes sales from those stores on its books. As of September 30, Burger King said 95 per cent of its restaurants were owned by franchisees; the goal is to eventually reach 100 per cent.
Organic revenue, which excludes the impact of re-franchising and exchange rates, was flat.
In the region encompassing Europe, the Middle East and Africa, Burger King said sales at established restaurants rose 1.8 per cent, driven by double-digi