Restaurant Brands cans final dividend to fund growth plans

Mon, 15 Apr 2019

By Paul McBeth April 16 (BusinessDesk) - Restaurant Brands New Zealand won't pay a final dividend after lifting annual earnings 3.3 percent, saying it wants to retain cash for a record capital spending programme that includes the roll-out of 60 Taco Bell stores across Australasia. The fast-food operator reported an underlying profit of $42.2 million in the 52 weeks ended Feb. 25, up from $40.8 million a year earlier. That's just shy of the $43-45 million guidance at last year's annual meeting. Net profit increased 0.8 percent to $35.7...

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