Restaurant Brands sees ongoing volatility, cans quarterly updates

Restaurant Brands sees ongoing volatility, cans quarterly updates
KFC is one of Restaurant Brands' key operations. (Image: Restaurant Brands)
Victoria Young
Restaurant Brands has told shareholders it is 12 to 18 months away from recovering margins it had in the 2022 calendar year, and has canned quarterly sales reporting due to “ongoing volatility”.The fast-food operator posted earnings before interest and tax (ebit) at 7% of sales in 2022, but in 2023 it fell to 5.6%.Yearly sales had hit a record $1.32 billion, but net profit after tax was down to $16.3 million, which was above guidance but a 49.3% decline on last year.The operator of KFC, Pizza Hut and Taco Bell in New Zealand and som...

More Retail

Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
Fast-food sector in 'consolidation' stage: IbisWorld
Retail

Fast-food sector in 'consolidation' stage: IbisWorld

Higher costs are helping McDonald’s and KFC grab market share.

Gregor Thompson 23 Apr 2025
ComCom clears Woolworths ready-meal deal
Retail

ComCom clears Woolworths ready-meal deal

The Commerce Commission granted clearance for Woolworths Group to acquire ready-meal manufacturer Beak & Johnston.Through facilities in New Zealand and Australia, Beak & Johnston (B&J) makes and supplies ready-to-eat meals under its brands to grocery retailers, wholesalers, and f...

Gregor Thompson 17 Apr 2025
Accent Group plans Sports Direct roll-out in NZ
Retail

Accent Group plans Sports Direct roll-out in NZ

With the help of London-listed Frasers Group, Accent Group will take on Rebel Sport.

Gregor Thompson 16 Apr 2025