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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
RetailBurger King

Burger King sales get a boost from Chicken Fries

By
John Kell
John Kell
Contributing Writer and author of CIO Intelligence
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By
John Kell
John Kell
Contributing Writer and author of CIO Intelligence
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July 27, 2015, 1:19 PM ET
Burger King Profits Rise 19 Percent
SAN FRANCISCO, CA - AUGUST 01: Customers leave a Burger King restaurant on August 1, 2014 in San Francisco, California. Fast-food chain Burger King reported a 19 percent surge in second quarter net income with earnings of $75.1 million, or 21 cents per share, compared to $62.9 million, or 18 cents per share one year ago. (Photo by Justin Sullivan/Getty Images)Photograph by Justin Sullivan — Getty Images
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Burger King’s chicken fries are spicing up sales at the fast-food restaurant chain.

Daniel Schwartz, CEO of Restaurant Brands (QSR), told analysts that Burger King was finding success in offering fewer menu items with limited complexity in the kitchen so the company’s restaurants can produce the food quickly upon request. Chicken fries were one of the items that performed particularly well, as did a premium line of burgers. A breakfast option drove sales during the early part of the day.

Chicken fries first debuted in Burger King’s restaurants in 2005, but were taken off the menu in 2012. They initially returned on a limited-time basis last summer, and they became a permanent menu fixture earlier this year. Chicken fries cost around $3, are profitable, and restaurants are selling a lot of them, the Associated Press reported, quoting Schwartz.

 

Burger King merged with coffee and doughnut chain Tim Hortons late last year to form a company called Restaurant Brands International. The company reported quarterly results on Monday, saying comparable sales at Burger King jumped by 6.7% in constant currency, the best performance for the chain in nearly a decade. Tim Hortons posted a 5.5% jump in sales. Overall sales grew even more at both chains as Restaurant Brands opened new locations under both banners.

The growth at Burger King was particularly notable as it stacked up well compared to rival McDonald’s (MCD), which last week reported comparable sales dropped 0.7% globally, including a 2% decline in the U.S.

About the Author
By John KellContributing Writer and author of CIO Intelligence

John Kell is a contributing writer for Fortune and author of Fortune’s CIO Intelligence newsletter.

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