Wendy's Tops Burger King For 4th Place Overall In Technomic Estimates -AP

Date : 03/19/2012 @ 3:18PM
Source : Dow Jones News
Stock : Burger King Holdings (BKC)
Quote : 23.99  0.0 (0.00%) @ 2:05AM

Wendy's Tops Burger King For 4th Place Overall In Technomic Estimates -AP

Wendys Company (The) (MM) (NASDAQ:WEN)
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Wendy's Co. (WEN) had about $8.5 billion of U.S. systemwide sales last year, edging out Burger King Holdings Inc.'s $8.4 billion, according to estimates from Technomic Inc., the Associated Press reported Monday.

Market researcher Technomic projected in December that Wendy's would surpass Burger King for the first time in the U.S.

First-place McDonald's Corp. (MCD) had about $34.2 billion in sales, according to Technomic. Worldwide, Burger King remains the second-largest hamburger chain, according to the AP.

In the U.S., Subway had estimated sales of $11.4 billion, while Starbucks Corp. (SBUX) was in third place with $9.8 billion, the AP reported. The growth at Subway and Starbucks has sharply outpaced the top three hamburger chains, with Subway sales up 48% and Starbucks sales up 39% from five years ago, the AP reported.

Full story at http://hosted.ap.org/dynamic/stories/U/US_FAST_FOOD_RANKINGS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT

-Dow Jones Newswires; 212-416-2900

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