Brad Olsen: Infometrics Principal Economist on Restaurant Brands' major cost issues despite making record sales
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
Fast food operator Restaurant Brands says that despite making record sales, it still has major cost issues.
The operator of KFC, Pizza Hut, Carl's Junior, and Taco Bell has posted $1.3 billion in full-year sales.
Its net after-tax profit was $15.8 million, down half a million annually.
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%.
So, he said, you’re spending more, getting less bang for your buck.
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