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Shareholders in NZ's main fast food company having to swallow some tough news

Author
Newstalk ZB,
Publish Date
Tue, 8 Aug 2023, 7:50am
Restaurant Brands. Photo / Facebook
Restaurant Brands. Photo / Facebook

Shareholders in NZ's main fast food company having to swallow some tough news

Author
Newstalk ZB,
Publish Date
Tue, 8 Aug 2023, 7:50am

Shareholders in New Zealand's main fast food company are having to swallow some tough financial news.

Restaurant Brands, which owns KFC, Pizza Hut, Carl's Junior and Taco Bell is expecting to see just half the full year profit it achieved last year.

It's due to inflation around both wages and the cost of ingredients.

JMI Wealth Director Andrew Kelleher told Mike Hosking the company hasn't been able to claw back those expenses.

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