[Levin]

Wed, 17 May 2023 at 8:24 pm SGT


BENGALURU/CHENNAI (Reuters) - Restaurant Brands Asia Ltd, earlier known as Burger King India, reported a wider fourth-quarter loss on Wednesday, as it spent more on ingredients at a time when it is also expanding in India and Indonesia.

Restaurants in India have been feeling the pinch from rising costs of essentials such as cheese and milk, with expenses rising in recent quarters even as prices of vegetables have eased off their highs.

They are also wrestling with a slowdown in demand from inflation-weary consumers.

Earlier in the day, Domino's franchisee Jubilant Foodworks and KFC-operator Devyani International also reported downbeat results, in line with the performances of McDonald's-operator Westlife FoodWorld and Yum Brands franchisee Sapphire Foods.


https://www.reuters.com/business/retail-...023-05-17/

[Oyk]

"They are also wrestling with a slowdown in demand from inflation-weary consumers."

Rising prices are happening around the world.  Instead of contributing ideas on how to "survive" this, the 39% point fingers at the MIW as if this was caused by them for eg, a mere 1% GST increase which is being used to fund healthcare costs for their own laupeh.

Why is "survive" in inverted commas?

 The reality out there is that restaurants here are FULL with peepur waiting to be seated.  Just look at Din Tai Fung, Dian Xiaoer...

MacD, Burger King, Jollibee.......all doing extremely well.

The 39% really know how to wayang.  Inflation ah!.  Hardship ah!  Must vote PAP out lar!  Ranjiao rar.

[K88 shu shu]

round one can't take.