Saturday, 1 December 2012

Carbon tax eats up fast food earnings

The Australian reports:

Carbon tax eats up fast-food earnings

KFC and Sizzler franchisee Collins Foods expects sales growth to continue into the second half of fiscal 2013 despite estimating the carbon tax will cost it $2.5 million. 

"On a pro forma basis, half-year 2013 Net Profit After Tax was down 7.5 per cent on half-year 2012 due to the impact of the carbon tax, promotional discounting, and operational cost increases which could not be fully passed on to consumers," it said.

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