Burger King Worldwide Inc. is bringing in Unilever executive Fernando Machado as its new senior vice president of global brand management, part of an effort to burnish its image worldwide.
Machado, 39, is starting today after relocating from London to Miami, where Burger King is based, said Alix Salyers, a company spokeswoman. In the newly created job, he is reporting to Chief Marketing Officer Axel Schwan.
Burger King Worldwide Inc (BKW) will announce earnings results for the second quarter of its fiscal year 2014 (2QFY14) in pre-market hours tomorrow.
Analyst estimate the company will report per-share earnings (EPS) of 23 cents for the quarter, up 9% year-over-year (YoY) from 21 cents. The Street expects revenue of $262 million, a 6% decline from the $278 million posted in the comparable quarter last year.
By Jacob Steinberg:British investment company Justice Holdings has paid $1.4 billion to acquire 29% of Burger King, and when all is said and done in a few months, these shares will be listed on the New York Stock Exchange. That will mark the first time the company will be listed on the NYSE since 2010. Should investors get excited and expect similar results from Burger King that McDonald's (MCD) has achieved over the past several years?