New Zealand operator blames Pizza Hut for profit slump

April 11, 2007

New Zealand Herald: Year-to-date profit at Restaurant Brands New Zealand Ltd. fell 47 percent for the year ended Feb. 28 compared with the previous year. The company, which franchises the Starbuck's, Pizza Hutand KFC brands in New Zealand, blamed reduced profitability at its Pizza Hut brand for the decline.