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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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. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.