Burger king profit up in 3Q, outlook cut

Burger King said Wednesday that its net income for the quarter ended March 31 rose to $47 million, or 34 cents per share, from $41 million, or 30 cents a share.

In its guidance for the rest of the company’s fiscal year, which ends in June, Burger King forecast a per-share profit of between 34 cents and 37 cents in the fourth quarter. The company lowered its full-year outlook to between $1.39 and $1.42 per share, from previous expectations for earnings between $1.44 and $1.49 per share. The company cited “ongoing market challenges and unknown potential effects of the swine flu situation.”

Burger King has 390 restaurants in Mexico, including 84 corporate locations.