Key Points
BENGALURU, Nov 8 (Reuters) - Restaurant Brands Asia (RESR.NS), the franchisee of Burger King India, reported a narrower quarterly loss on Wednesday as it added more outlets in the country and expanded its menu...
Burger King India expanded its menu during the quarter to include more chicken items and also offered promotions on certain meals, helping increase footfall at its restaurants and accrue higher average bill values, analysts said.. Restaurant Brands, which added 10 Burger King outlets during the period, also benefitted from more people visiting malls, where it has a bigger presence than other fast food chains, they added...
Even so, same-store sales growth, a barometer of customer retention, at Indian Burger King restaurants slowed to 3.5% from 27% a year earlier...
Several fast food chains, including Burger King, removed ingredients such as tomatoes and cheese from their menus to cut back spending during the quarter...
McDonald's operator Westlife Foodworld (WEST.NS), and Domino's India franchisee Jubilant FoodWorks (JUBI.NS) all reported a decline in quarterly profit.. Shares of Restaurant Brands fell as much as 2.1% after the results, before reversing course to rise as much as 3.3%...
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