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Burger King quarterly profit slips
Quick ReadBurger King profit falls 6 pct in fiscal first quarter; revenue dips as customers stay home
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CHICAGO (AP) — Business slowed at Burger King Corp. for the second straight quarter as the recession hit even fast-food restaurants and their cheap menus.
The nation's No. 2 burger chain, which has about 12,000 restaurants around the world, blamed still-rising unemployment — along with menu markdowns by competitors — for the financial results it announced Thursday, which were worse than expected.
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