Shares in Restaurant Brands fall 10% as inflation bites into second-quarter sales

Shares in Restaurant Brands fall 10% as inflation bites into second-quarter sales
Restaurant Brands said sales for the second quarter to June went up 7.1%. (Image: KFC)
Ella Somers
Shares in Restaurant Brands (RBD) fell more than 10% in mid-afternoon trading on Monday, with investors unhappy that the fast food company’s price rises hadn’t been sufficient to cover inflationary cost increases.The company's share price fell 5.5% to $6.03 after the market opened and was down 10.7% by mid-afternoon.Devon Funds head of retail Greg Smith said cost pressures had been dogging Restaurant Brands for some time.He told BusinessDesk the company had flagged a while back that it was looking to put through price rises...

More Markets

Hallenstein stars as NZ stocks drift lower
Markets Market Close

Hallenstein stars as NZ stocks drift lower

The S&P/NZX 50 Index was 42.06 points or 0.32% lower at 13,111.73.

Jamie Gray 26 Sep 2025
Trump to slap new tariffs on pharma
Markets

Trump to slap new tariffs on pharma

Levies on drugs will be imposed on companies that aren’t building plants in the US.

2 Cheap Cars signals branding gear change to chase Turners
Markets

2 Cheap Cars signals branding gear change to chase Turners

At the AGM, a shareholder cited Turners' “very aggressive marketing strategy”.

Gregor Thompson 26 Sep 2025
Hallenstein Glasson reports sales hike to start year
Retail

Hallenstein Glasson reports sales hike to start year

Hallenstein Glasson has reported an early-year sales lift linked to continued growth in its Australian Glassons segment.The clothing retailer reported its full-year earnings for the year to Aug 1 on Friday. Net profit after tax lifted 12.1% to $58.4 million and was at the top end...

Gregor Thompson 26 Sep 2025