Revenue rises but profit falls as Restaurant Brands battles inflation

Revenue rises but profit falls as Restaurant Brands battles inflation
The fast-food company hasn't been able to lift prices at the same rate as inflation. (Photo: RBD)
Dan Brunskill
Restaurant Brands (RBD) reported $1.2 billion in total sales during 2022, but its profit fell as rising food costs hurt the company’s margins. Net profit was $32.1 million, a 38% fall from $51.9m the previous year, due to the “adverse impact of inflation”. The 2021 profit included forgiveness of an $11.4m US government loan.The fast-food company said inflation had been a bigger challenge in 2022 than the covid-19 pandemic had been in 2020 and 2021.  Food inflation rates were “well above” overall price inc...

More Markets

Jim Grenon's NZME board takes shape
Markets

Jim Grenon's NZME board takes shape

Investor's concessions to media firm could only extend to bringing CEO onto its board.

Power stocks good buy despite regulatory threat: Forsyth Barr
Markets

Power stocks good buy despite regulatory threat: Forsyth Barr

The analysts are relaxed about the gathering clouds of intervention.

NZ sharemarket up 0.4% amid US market surge
Markets Market Close

NZ sharemarket up 0.4% amid US market surge

The S&P/NZX 50 Index closed at 12,184.51, up 56.3 points or 0.46%.

Graham Skellern 25 Mar 2025