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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
3 mins to read

Restaurant Brands brushes off Popeyes threat

International competition is closing in on Australasia.

US fried chicken retailer Popeyes is making an aggressive move into NZ.

Kate McVicar Mon, 26 Feb 2024
Key points
  • Revenue: Group store sales up 6.7% to more than $1.3 billion.
  • Profit: Net profit after tax down over 49% to $16.3b. 
  • Key takeaway: Inflationary pressures continue to challenge Restaurant Brands.

Restaurant Brands executives aren’t concerned about the expansion of US fried chicken giant Popeyes into the New Zealand market.

Over the weekend, the US food retailer reported an aggressive expansion into the domestic market, with its first store set to open in Takanini during April, and six to

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Kate McVicar Mon, 26 Feb 2024
Contact the Writer: kate@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • Revenue: Group store sales up 6.7% to more than $1.3 billion.
  • Profit: Net profit after tax down over 49% to $16.3b. 
  • Key takeaway: Inflationary pressures continue to challenge Restaurant Brands.
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Restaurant Brands brushes off Popeyes threat
Investment,
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