Restaurant Brands 'going from strength to strength'
posted on 26th June 2014
Carl's Jr has the potential to become a 'cash flow powerhouse' once quality problems in the supply chain are sorted out, Restaurant Brands told shareholders at its AGM today. However, the company is struggling to find suitable locations for any of its brands in central Auckland, which CEO Russel Creedy described as 'a pain in the backside.'
Speaking at the listed cafe and fast food company's annual general meeting in Auckland today, chairman Ted van Arkel said most shareholders would be satisfied with the return on their investment over the past year.
'Restaurant Brands is a business going from strength to strength,' Arkel said.
'We have the core competencies, the financial muscle and scale to capitalise on any opportunities that do arise.'
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