Burger King to be affected by currency exchange
June 8, 2010
MIAMI — Burger King Holdings, Inc. announced that unfavorable currency exchange rates will have a negative impact on earnings per share for the fourth quarter.
The company expects earnings per share for the fourth quarter of fiscal 2010 to have a 1c or 2c negative impact from exchange rates, which compares with previously reported guidance of positive currency translation on e.p.s. The company expects that for the full-year 2010, the effect of currency translation will be neutral to slightly negative.
Net restaurant growth for the year is expected to be 230 to 250 instead of 250 to 300 as a result of the company’s exit from Israel.