That figure would have been harder hit if it was not for the $22.1m the company received from the government's wage subsidy scheme. Restaurant Brands owns KFC, Carls Jr., Taco Bell and Pizza Hut in New Zealand. "Restaurant Brands is proud to have made the decision to retain all staff at 100 percent of their wages and salaries throughout the lockdown period. "Although the wage subsidy help off-set the cost to the business of doing so, there was a shortfall of approximately $0.5 million per week." An additional two Taco Bell stores and two further KFC stores are expected to open before the end of the year.

Source: Otago Daily Times September 08, 2020 02:26 UTC