The (Burger) King Has No (Perry Ellis) Clothes
Burger King reported a profit surge of 42% in its fiscal fourth quarter due to increased sales, but margins are down. High food costs are one reason. Despite the overall gains, shares fell a record 7% yesterday.
Yadda, yadda, yadda ...numbers. The economy sucks. The good news is everyone is apparently eating more whoppers (because it's all we can afford?) and buying fewer overadvertised, overcool threads.