Inflation, ingredient and labour costs and worker shortages have hit fast-food retailer Restaurant Brands' net profit
Inflation, ingredient and labour costs and worker shortages have hit fast-food retailer Restaurant Brands' net profit
28 August 2023
It fell 86 percent in the last year -- with a group net profit in the past six months of just 2.2-million-dollars.
The owner of KFC, Taco Bell and Pizza Hut -- says profit was impacted significantly by the minimum wage increase, high inflation and interest rates -- and rising ingredient costs.
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