Restaurant Brands margins undercooked; profits slip

Restaurant Brands margins undercooked; profits slip
Restaurant Brands operates KFC, Carl's Jr, Pizza Hut and Taco Bell restaurants. (Image: NZME)
Gregor Thompson
Restaurant Brands’ margins are losing their sizzle as the New Zealand segment's profitability stumbles.The fast-food restaurant operator posted earnings for the six months ended June 30 on Tuesday. While group sales grew 2.3% to an interim record $703.2 million, net profit after tax (npat) dipped 5.6% to $11.9m compared with the prior comparable period.The company said the decrease reflected “the slower-than-anticipated improvement in macroeconomic conditions across key regions”.Group store earnings before interest, t...

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