Restaurant Brands boosts annual profit, signals increased earnings in coming year

Tue, 08 Apr 2014

By Tina Morrison April 9 (BusinessDesk) - Restaurant Brands New Zealand, the nation’s largest fast food operator, posted a 23 percent rise in annual profit after it boosted sales and margins even as increased rivalry forced it to cut prices. The company expects to increase earnings further this year. Net income rose to $19.9 million in the 52 weeks ended Feb. 24, from $16.2 million a year earlier, the Auckland-based company said in a statement. Excluding the sale and leaseback of stores, earnings rose 6.8 percent to $18.9 million, at the top...

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