Restaurant Brands trading update broadly in line with expectations – Forbarr

(Image: Restaurant Brands)

Fri, 27 Oct 2023

Forsyth Barr analysts say Restaurant Brands' third-quarter update was “broadly in line” with their expectations.Earlier this week, the fast-food company reported that total sales for the quarter ending Sept 30 had risen to $340.9 million, up 5.8% from the same period last year.Third-quarter sales for New Zealand were up 7.6% to $148m, while in Australia, sales were up 13% to A$74.1m (NZ$80.1m). NZ sales rose largely because of price increases and covid-related trading constraints easing.Forsyth analysts Margaret Bei an...

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