Rising costs bite into Restaurant Brands' bottom line

Restaurant Brands has continued to grow sales despite inflation and the impact of covid-19. (Image: Restaurant Brands)

Wed, 27 Jul 2022

Restaurant Brands shares fell after the fast food operator warned first-half profit was weaker than a year earlier, after the firm struggled to pass on rising costs. The company's shares, of which three-quarters are owned by Mexico's Finaccess, declined 2.1% to $10.39 when the NZ Stock Exchange (NZX) opened, after the fast food company said net profit was between $14 million and $16m in the six months ended June 30. That's less than half the $34.5m profit of the period before and still down when accounting for the $11.4m b...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Finance

Heartland reaps benefit of change, reiterates guidance

Bank looks to sustainable, profitable growth.

Andy Macdonald 2:50pm

CEO Index Free Public Sector Finalist

No (fruit) flies on head of rural sector's supporter-in-chief

Ray Smith sees ministry's key role as helping NZ's primary industry exporters.

Gill South 12:00pm

No (fruit) flies on head of rural sector's supporter-in-chief

Markets

Blackpearl launches $11.8m ASX placement

Software company says investors should jump on its US market opportunity.

Rebecca Stevenson 10:45am

Blackpearl launches $11.8m ASX placement

Sponsored

Cybersecurity skills gap leaving Kiwi businesses at risk - report

A cybersecurity skills shortage is creating additional cyber risks, according to a new global report.

Fortinet

Sponsored

Spark’s partner strategy sets the bar for innovation

Spark

More Retail

Retail

NZ’s second giant Costco Wholesale to be built at Drury

New Zealand’s second giant Costco Wholesale shop will be built in South Auckland’s Drury, it has been confirmed.Kiwi Property chief executive Clive Mackenzie and Costco country manager Chris Tingman made a joint statement about a conditional land deal.“Kiwi Property has reached a...

Staff reporters 12 Nov 2025