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An appetite for competition: New rivals eat into the fast food market

(Source: supplied )
The fast food industry has been well-placed to survive the pandemic, indeed some franchised brands have reported solid trade as house-bound Aussies turn to deliveries and takeaways. In August 2021, the New Zealand-based Restaurant Brands reported its Australian operations grew 24.1 per cent during the half-year to June 2021, to NZ$117 million ($107.1 million) in sales, and $5.3 million in and operating profit rose 106 per cent, to NZ$5.3 million. KFC Australia master franchisee Collins Foods rep