Restaurant Brands' 1H net profit jumps six-fold

Restaurant Brands operates KFC, Taco Bell, Pizza Hut and Carl's Jr outlets in New Zealand. (Image: Luke Kirkness)

Thu, 29 Aug 2024

Strong sales in New Zealand and successful efforts to reclaim lost margins have helped Restaurant Brands' first-half net profit grow nearly sixfold year-on-year. The quick-service restaurant company, which operates in NZ, Australia and the United States, declared a 473% net profit after tax (Npat) increase to $12.6 million for the six months to June 30. The addition of 13 stores to Restaurant Brands network helped group sales rise 7.3% on the year to an interim record of $687.2m.Jarden's Guy Hooper and Nick Yeo said...

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