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business1d ago
The chips are down: pizza, fried chicken and doughnut shares plunge on ASX as living costs bite budgets
- ASX-listed fast-food shares tumbled as cost-of-living pressures hit discretionary spending in Australia.
- Analysts say fast food is discretionary and could be cut as budgets tighten.
- Investors linked price declines to rising fuel costs and inflation pressures.
- Domino’s and Collins Foods shares fell more than 10% in a single trading session.
- Retail Food Group has fallen over 40% in 2026 as investor sentiment soured.
- Morningstar’s Lo
- Share declines come as consumer confidence falls to pandemic-era anxiety levels.
- ASX maintains broader robustness despite sector-specific declines.
- Analyst notes earnings outlook risk amid higher fuel and operating costs.
- Question looms whether traditional chains like McDonald’s can remain affordable.
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