McDonald’s India franchisee Westlife misses earnings estimates on higher costs

McDonald’s India franchisee Westlife misses earnings estimates on higher costs

McDonald's India franchisee Westlife misses earnings estimates on higher costsWORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>WORLD>Indian Sub-continent>McDonald's India franchi...PHOTOWestlife Foodworld , which operates McDonald's restaurants in west and south India, reported quarterly earnings that missed analysts' estimates on Thursday, as increased costs overshadowed higher sales of its burgers and fried chicken.The franchisee said consolidated net profit after tax fell to 223.7 million Indian rupees ($2.7 million) in the July-September quarter, from 315.4 million rupees a year ago.Analysts were expecting a profit of 319.6 million rupees, according to LSEG data. ($1 = 83.1590 Indian rupees) (Reporting by Praveen Paramasivam in Chennai; Editing by Savio D'Souza)Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites,