Restaurant Brands bets on new brands to drive future earnings growth

Fri, 28 Jun 2013

By Tina Morrison June 28 (BusinessDesk) – Restaurant Brands, New Zealand’s largest fast food operator by sales, is betting on new brands such as burger chain Carl’s Jr to drive future earnings growth in the nation’s $2 billion fast food market and remains keen on adding new offerings such as Taco Bell. The company opened its first two Carl’s Jr stores targeting “hungry young guys” last financial year, and expects the eventual 40 outlets will match the $200 million of annual sales at its KFC chain in five to seven years’ time, chairman Ted van...

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