Restaurant Brands raises annual profit forecast; shares jump to a record

Wed, 22 Oct 2014

By Tina Morrison Oct. 23 (BusinessDesk) - Restaurant Brands New Zealand, the nation's largest fast food operator, raised its annual profit forecast as it benefits from lower input costs, higher sales and restructuring of stores. The shares rose to a record. Full-year profit, excluding the sale and leaseback of stores, will exceed $22 million, the Auckland-based company said in a statement. That's higher than the company's $20 million forecast in April and the $18.9 million posted last year. The company's shares jumped 5.7 percent to $3.70...

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