Grill’d, Oporto feel the heat in fast-food fight for customers

Resumen detallado

Grill’d and the company behind Oporto, Chargrill Charlie’s and Red Rooster report losses as competition increases and customers flock to other chains.

Grill’d, Red Rooster, Oporto and Chargrill Charlie’s are among fast food chains to discover that rising demand for cheaper meals does not guarantee stronger financial performance, with their latest corporate filings showing some operators are struggling to be profitable.

Although some chains, such as KFC and Guzman y Gomez, have benefited from consumers trading down from more expensive restaurants to ease cost-of-living pressures, that phenomenon has not led to higher sales or better profits across the board.

Inicio del artículo, extracto de Australian Financial Review. Para leer el resto, abra el artículo en el sitio del medio.