Love of chicken feeds 62% profit jump at Restaurant Brands
New Zealand’s KFC helped the fast-food operator to a finger lickin’ good performance last year, while Australia and California didn’t fare quite so well.
Revenue: at a record $1.4 billion, up 5.4% year-on-year
Profit: net profit after tax up 62.6% at $26.5m
Main takeaway: New Zealand and Hawaiian markets show healthy growth; California and Australia down on tough consumer climate.
The fast food trend is alive and well, as KFC, Pizza Hut, and Taco Bell helped feed a healthy 62.6% increase in net profits at Restaurant Brands to $26.5 million for its December year.
But it was KFC that led the charge, with Kiwis snapping up more of their beloved deep fried chicken than ever last
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