'Game of two halves': Restaurant Brands' shares marginally down after big profit fall

'Game of two halves': Restaurant Brands' shares marginally down after big profit fall
Restaurant Brands operates 109 KFCs in New Zealand. (Image: Getty)
Gregor Thompson
Inflation continues to hurt Restaurant Brands, with higher costs offsetting increasing sales across the company's major fast-food franchises, KFC, Pizza Hut, Carl’s Jr and Taco Bell.Despite record-high sales of $1.32 billion, the company posted net profit after tax (npat) of $16.3 million – a touch above guidance but still a 49.3% decline on last year.The shares fell about 1.15% on the news and last traded at $3.45.Margins in all regions – New Zealand, Australia, Hawaii and California – were hit b...

More Markets

Boyes ups Infratil stake; resignations aplenty on NZX
Markets Market Close

Boyes ups Infratil stake; resignations aplenty on NZX

The benchmark index traded flat.

Gregor Thompson 07 Jul 2025
NZME chief financial officer David Mackrell resigns, to join Sky TV
Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV

NZME is losing one of its long-established executives as he switches to the top table at Sky Television.NZME chief financial officer David Mackrell has resigned and will join Sky as its new chief financial officer in January, the two publicly listed companies have revealed in sep...

Staff reporters 07 Jul 2025
Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025