Analysts mixed on KFC operator's recovery

Restaurant Brands has 376 stores across NZ, Australia and the US. (Image: File)

Mon, 12 Feb 2024

New Zealand’s fast food operator Restaurant Brands looks to be recovering from inflationary pressures that have eaten into the company’s margins in recent quarters, Macquarie says. Despite reporting a disappointing $2.2 million net profit in the first half of 2023, the Macquarie analysts expect Restaurant Brands’ annual profit to land within the $12m to $16m guidance it gave the market last month after a strong expected performance in the fourth quarter. The company, which operates KFC, Pizza Hut, Carl’s Jr, an...

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