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Burger King profit beats projection as franchising slashes costs

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(Reuters) - Burger King Worldwide Inc. reported a better-than-expected third-quarter profit as it slashed costs by franchising more outlets and sales grew outside North America.

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The third-largest U.S. hamburger chain, behind McDonald's Corp. and Wendy's Co., said expenses fell about 90 percent, mainly because it refranchised more than 500 restaurants in the past year.

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