Big burger joints lag behind growing Kiwi appetite for food and beverage services

Fri, 15 Jun 2018

By Rebecca Howard June 15 (BusinessDesk) - Three of the more prominent burger brands failed to sizzle in 2017 with sales rising at a slower pace than what Kiwis were willing to spend on food and beverage services, and are now contending with a hike in the minimum wage eating into gains from higher prices. Government data show New Zealanders increased the value of retail spending on food and beverage services 9.1 percent to $11.28 billion in the year ended March 31, with the volume sold rising 6.8 percent, indicating higher prices. Whil...

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