Burger King loses 8% revenue to winter storm

Burger-KingFast-food chain Burger King announced an 8 per cent drop in its sales for US and Canada in the first two months of the year on Tuesday. A strong winter storm during the period remained the reason for the same, the company said in a statement.

The figures are related to the burger maker's sales from the stores, which were in operation for at least 12 months.

On a global basis, the same-store sales of the company dropped 5.4 per cent for the period on a year-on-year basis.

The major reason for the quick-serve-restaurant's sales decline was the location of its stores. 75 per cent of its stores are present in the Eastern and Central part of the country where the winter storm showcased its worst.

Though the Burger King's sales in such stores have improved since the beginning of the month, the Miami-based company announced in today's statement that its US and Canada sales and operational income would suffer in the third quarter of the financial year.

Post announcement the company's shares lost 2.6 per cent of its previous value to $17.85 in early trading.