Burger King (NYSE: BKC) Comparable Sales Down 8.2% In January, February Due To WeatherBurger King Holdings (NYSE:BKC) announced that U.S. and Canada segment comparable sales were severely impacted during January and February due to adverse weather conditions in the Central and Eastern part of the U.S.
Over 75% of the segment's company-owned and franchise-owned restaurants are located in that area.
The segment reported comparable system sales of -8.2% in the two month period, compared to 3.1% in the same period last year.
Burger King believes that weather negatively impacted sales by about 3.0 percentage points and expects revenues, company restaurant margin and income from operations to be lower in the third quarter of fiscal 2010 than the prior year period.
Chairman and CEO John W. Chidsey said, "As we mentioned during our second quarter earnings call, U.S. and Canada January sales were impacted by adverse weather conditions, which worsened in February, resulting in lower than anticipated sales. However, we have seen improvement in sales with positive traffic at our company-owned restaurants in the U.S. and Canada during the first week of March, compared to January and February, as the impact of weather has become less significant."