Restaurant Brands has reported a 473% increase in net profit after tax for the first half of the financial year 2024.
The company's strong performance in Hawaii and New Zealand helped drive record sales, offsetting the impact of lower sales in California and Australia due to adverse consumer pressures.
Store earnings before interest, tax, depreciation and amortisation (Ebitda) also saw a 21% increase.
However, Restaurant Brands highlighted that while ingredient costs are stabilising, labour, fuel, utility, and occupancy costs remain high.
The company's chief executive, Arif Khan, and chief financial officer, Julio Valdés, presented the half-year results on Friday.
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