Restaurant Brands' margins shrink as inflation bites

Restaurant Brands is facing cost inflation across all its markets. (Image: Restaurant Brands)

Mon, 29 Aug 2022

Restaurant Brands delivered a weaker first-half profit as significant global inflationary pressures ate into the company’s margins.The company, which operates KFC, Pizza Hut, Carl’s Jr and Taco Bell franchises, reported a net profit for the six months to June 30 of $15.3 million, or 12.25 cents per share, down 55% or $19.2m, from $43.5m in the same period last year.Last year’s half-year profit was bolstered by the recognition of the $11.4m loan forgiveness under the US Paycheck Protection Program (PPP).Restaurant Brands’...

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