Follow the podcast on
Fast food operator Restaurant Brands says that despite making record sales, it still has major cost issues.Â
The operator of KFC, Pizza Hut, Carl's Junior, and Taco Bell has posted $1.3 billion in full-year sales.Â
Its net after-tax profit was $15.8 million, down half a million annually.Â
Brad Olsen, Infometrics Principal Economist, told Mike Hosking that while spending value was up 4.2% year on year, the volume purchased was down by 2.7%.Â
So, he said, you’re spending more, getting less bang for your buck.Â
LISTEN ABOVEÂ
Take your Radio, Podcasts and Music with you