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16 Apr 2024 21:42
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  •   Home > News > Business

    Fast food operator Restaurant Brands says despite making record sales, it still has major cost issues

    Fast food operator Restaurant Brands says despite making record sales, it still has major cost issues


    The operator of KFC, Pizza Hut, Carl's Junior and Taco Bell -- has posted one-point-three-billion-dollars in full-year sales.

    Its net after-tax profit was 15-point-eight-million-dollars, down half a million annually.

    But it says increases in the cost of ingredients and minimum wages placed big pressure on its margins in New Zealand.

    © 2024 Newstalk ZB, NZCity

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