Restaurant Brands' margins shrink as inflation bites

Restaurant Brands' margins shrink as inflation bites
Restaurant Brands is facing cost inflation across all its markets. (Image: Restaurant Brands)
Riley Kennedy
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’...

More Finance

RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025
Wow. It’s all basketball!
Finance

Wow. It’s all basketball!

US investment in basketball is lapping at our shores in more ways than one.

Pattrick Smellie 25 Mar 2025
FMA files criminal charges against David McEwen
Finance

FMA files criminal charges against David McEwen

New Zealand’s financial watchdog has filed criminal charges against former financial adviser David McEwen for allegedly failing to comply with a stop order, which prevented him from contacting potential investors.The Financial Markets Authority (FMA) had made a permanent stop ord...

Staff reporters 18 Mar 2025