The (Burger) King Has No (Perry Ellis) Clothes
Two Miami-based corporations reported their recent earnings this week, and taken together we can only assume Americans are getting fatter and wearing less clothes.
Burger King reported a profit surge of 42% in its fiscal fourth quarter due to increased sales, but margins are down. High food costs are one reason. Despite the overall gains, shares fell a record 7% yesterday.
Yadda, yadda, yadda ...numbers. The economy sucks. The good news is everyone is apparently eating more whoppers (because it's all we can afford?) and buying fewer overadvertised, overcool threads.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss Miami New Times' biggest stories.