mousemusings...multimedia, music, progressive politics, video, web design and general rants
Human beings will be happier - not when they cure cancer or get to Mars or eliminate racial prejudice or flush Lake Erie but when they find ways to inhabit primitive communities again. That's my utopia.
~Kurt Vonnegut
Wednesday, November 01, 2006

Double Your Profit, Lower Your Taxes

Burger King reports higher profits, in part due to the sales of its "stacker", and in part due to a lowering of its tax rate. Neat trick. I wish I could figure out how to do that.

The full story is here.

Burger King net rises on higher sales, lower tax rate

By Josh Fineman
Bloomberg News
Published November 1, 2006, 4:28 PM CST


Burger King Holdings Inc., the second-largest U.S. hamburger chain, said first-quarter profit almost doubled on sales of the BK Stacker bacon-and-cheese sandwich and a reduced tax rate.

Earnings rose more than analysts anticipated, sending the shares up the most since the company went public in May.

Net income for the three months through Sept. 30 rose to $40 million, or 30 cents a share, from $22 million, or 19 cents, a year earlier, Miami-based Burger King said today in a statement...

...Revenue gained 7.5 percent to $546 million from $508 million. The company's effective tax rate decreased more than 10 percentage points to 37 percent from 47.6 percent...

There is no mention of the effect of the subtle drug-culture references in its current advertising campaign; nor is there any mention of the health effects of its "stacker," nor is there any mention of pay raises for its employees.
posted by : Joseph j7uy5 | link | | |
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