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

Time ripe to stop forex fees confusion
Finance

Time ripe to stop forex fees confusion

Misleading 'fees free' foreign exchange deals are costing Kiwis.

Pattrick Smellie 22 Jul 2025
Warehouse reshuffles exec team
Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Staff reporters 18 Jul 2025
Why Promisia's promised land is Cromwell
Retail Small Cap Wrap

Why Promisia's promised land is Cromwell

Plus chicken and eggs with BlackPearl, Rua goes for gold in Reefton, and more.

Aussie and NZ line up on bank fee chop proposal
Retail

Aussie and NZ line up on bank fee chop proposal

The Australians are also proposing to ban surcharges on in-store plastic card payments.

Pattrick Smellie 16 Jul 2025