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...

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