GUIDANCE UPDATE AND Q2 SALES RESULTS Restaurant Brands New Zealand Limited (“RBD”) has today provided updated earnings guidance for the 2023 financial year and released its Q2 sales announcement.

Guidance Update

The RBD Board of Directors wishes to provide updated full year NPAT guidance for the 2023 financial year, which is now expected to be in the range of $12 million to $16 million.

As announced at the 2023 Annual Shareholders' Meeting in May, RBD continues to face global inflationary pressures, particularly in regard to rising ingredient and wage costs, which is having a significant and ongoing impact on profits. Read the full report below.