Andrew Kelleher: JMI Wealth Director says Restaurant Brands hasn't been able to claw back increased expenses
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.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.