The chips are down: pizza, fried chicken and doughnut shares plunge on ASX as living costs bite budgets
Shares in Domino’s Pizza, KFC operator Collins Foods and multi-brand food franchise owner Retail Food Group have all suffered double-digit fallsGet our breaking news email, free app or daily news...
By Jonathan Barrett Business editor · The Guardian World
Shares in Domino’s Pizza, KFC operator Collins Foods and multi-brand food franchise owner Retail Food Group have all suffered double-digit falls Get our breaking news email , free app or daily news podcast Once a symbol of cheap eating, fast food is transforming into a luxury many can no longer afford due to resurgent living costs . This shift is reflected on the ASX, where major pizza, fried chicken and doughnut outlets are seeing significant price drops, raising the question: are consumers so downbeat that they are even giving up on fast food? Continue reading...