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Food & drink

Burger King returns to profit in the UK after expansion

Burger King UK said it returned to profit last year aided by a string of new restaurant openings.

Operating profit came in at £13.4 million for 2023, the fast food chain reported on Monday, against a £20.7 million loss a year earlier.

This came as 18 new restaurants were opened across the UK, with a further 10 being remodelled.

Revenue ticked up 30% to £381.8 million over the year, while sales climbed 3% on a like-for-like basis.

Chief executive Alasdair Murdoch noted the improvements reflected the “strength” of the Burger King brand, alongside ongoing demand for its “affordable food offering”.

Burger King added trading over the first half of 2024 had been “resilient” as sales ticked up 5%.

“[This was] split equally between the existing estate and contribution from new site openings,” Murdoch said, and “was also supported by a significant improvement in profitability from a strong operational cost focus”.

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