Restaurant Brands New Zealand has high expectations for its profits next year as it continues to roll out new stores and invest in others. The business said that they are expecting net profit to be at least ten percent higher next year, especially as Taco Bell stores begin to permeate Australasia. Restaurant Brands New Zealand has announced lofty goals of opening 60 Taco bell outlets throughout Australia and New Zealand within five years.
KFC remains a driving force for the New Zealand side of operations, increasing earnings by five percent, or $3.4 million since the first half of 2019. While Pizza Hut’s performance has slowed a little, down 7.1 percent from the first half of 2019, Carl’s Junior has remained steady, even increasing 0.4 percent from last year.