Subscribe To Our Free Newsletter |
Westlife FoodWorld Q1 Results: McDonald’s India franchisee misses profit estimates as costs mount
Westlife Foodworld, the operator of McDonald's restaurants in West and South India, reported a smaller-than-expected rise in Q1 net profit due to a 14% increase in expenses, which outstripped the 7% rise in same-store sales. The company's net income rose to INR288.3m ($3.5m) in the quarter ending June