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Restaurant Brands' Q4 sales fell 2.7%, same-store sales down 3.7%
By Hannah Lynch May 30 (BusinessDesk) - Restaurant Brands, which operates the local Pizza Hut, KFC and Starbucks brands, reported first-quarter sales fell 2.7 percent, reflecting the success of KFC's Double Down promotion a year earlier. Group sales fell $2 million to $70.6 mi...
Mainfreight posts record FY profit on NZ, Australia as Wim Bosman disappoints
By Jonathan Underhill May 30 (BusinessDesk) - Mainfreight, the biggest road transport company on the NZX 50 Index, posted record annual sales and profit on growth in New Zealand and Australia, while reporting that the Wim Bosman business missed an earn-out target. Net profit mo...
Fonterra mulls Dutch factory investment in whey, cheese partnership
By May 30 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, is looking at signing a deal with Netherlands-based A-Ware Food Group to set up a new European cheese and dairy ingredients factory. The companies have signed a memorandum of understand...
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