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Burger King sees weak Q3, blames weather

Burger King Holdings Inc forecast US and Canada total revenue and restaurant margins in the third quarter would be below prior-year levels as adverse weather in the central and eastern United States kept diners away.

The fast-food chain operator said over 75% of its US and Canada segment's restaurants are located in those regions and said the segment's comparable-system sales fell 8.2% in January and February.

Burger King estimated the weather reduced January and February US and Canada system comparable sales by about 3%age points.

Burger King, maker of the Whopper sandwich, said worldwide comparable sales for the two-month period ended February 28, 2010 were down 5.4%, helped by overseas sales. (Reuters)