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News Breaks February 15, 2013 11:11 EDT BKW Burger King shares rise following Q4 results Burger King Worldwide (BKW) shares are higher this morning after the company reported better-than-expected Q4 results. For the quarter, the company reported adjusted earnings per share of 23c, against estimates for 15c, and revenue of $404.5M, against estimates for $375M. The company also reported Q4 system-wide comparable sales rose 2.7%. In the year ago period, Burger King reported EPS of 14c on revenue of $580.6M. CEO Bernardo Hees said that the company added 485 net new restaurants and increased SSS 3.2% for FY12. On the Q4 earnings conference call, Hees said that the company expects to see continued margin expansion as the global refranchising initiative is completed. The company also noted that it is estimating commodity inflation of about 3% for FY13 and food costs should peak in Q3. Burger King also said that it is "a little more focused on the value side" due to competitive pressures. Hees said sales in Europe have not been impacted by the horsemeat scandal affecting the region and that the company has been having positive sales in the U.K. in January and February. In late morning trading, Burger King rose 42c, or 2.53%, to $17.00. Year-to-date, shares are up almost 4%. News For BKW From The Last 14 Days Check below for free stories on BKW the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 18, 2013 11:34 EDT BKW High option volume stocks: BKW FDS FMC DPM VNDA June 7, 2013 11:38 EDT BKW Burger King names Schwartz CEO Burger King Worldwide (BKW) announced that effective immediately Daniel Schwartz and Bernardo Hees will assume their new roles as CEO, BKW and vice chairman, BKW board of directors respectively, as previously announced in April. This transition is the result of the completion of the acquisition of H.J. Heinz (HNZ) where Hees will assume the role of CEO, H.J. Heinz Company. He will continue to support the Burger King brand as a member of BKW's executive committee. Sign up for a free trial to see the rest of the stories you've been missing.