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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Retail

Why this fast food chain is king of the burgers

By
Ben Geier
Ben Geier
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By
Ben Geier
Ben Geier
Down Arrow Button Icon
February 17, 2015, 6:16 PM ET

Don’t knock the king — the Burger King, that is.

While McDonald’s noted sales struggles in last month’s earnings report, (Golden) arch-rival Burger King posted some serious good news Tuesday: Burger King stores saw a 3% sales increase last quarter, according to Bloomberg News.

This was the first time Burger King had reported earnings since it completed its takeover of Canadian coffee and donuts chain Tom Hortons. The two chains now operate under the banner Restaurant Brands International Inc, which posted a quarterly loss of $514.2 million owing to costs of the Timmy Ho’s takeover. Investors forgave the loss, focusing instead on rising sales and sending the stock skyrocketing nearly 9%.

McDonald’s, meanwhile, saw sales fall last quarter and recently saw its CEO leave the business.

Why has McDonald’s fallen on such hard times while the King reigns supreme? As Fortune‘s Beth Kowitt pointed out in November, an overly large McD’s menu with items no one wanted — chicken wings and wraps spring to mind — led to decreasing same store sales. Burger King, meanwhile, has been more strategic in its product selection, bringing back fan favorites like chicken fries.

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