Restaurant Brands' total sales soar 41% in Q2
The sales increased $65.4m on the equivalent period last year.
Restaurant Brands’ New Zealand operations generated sales of $130.6m, up 5.3%, with an additional $42.2m from the 47 KFC outlets in Australia (majority acquired in April 2016), and $52.1m from the 37 Taco Bell and 45 Pizza Hut outlets in Hawaii, Guam and Saipan (acquired in March 2017).
Group same store sales for the quarter were up 6.7% with New Zealand operations up 6.1% and Australia up 8.9%. Year to date sales were $386.1m, an increase of 50.7% over the prior year on a total basis, and up 6.8% on a same store basis.
Total company store numbers were up by 82 on the equivalent period last year to 297 primarily from the 82 store Hawaiian acquisition.
On 27 April 2016, Restaurant Brands has acquired 42 KFC stores in New South Wales, Australia. During the first quarter of this year the company acquired another 5 independent KFC franchise stores.
The 47 stores contributed AUD$39.2m in total sales during the second quarter, up 6.2% on a same store basis for the quarter. Year to date sales for KFC Australia were AUD$66.7m, an increase of 5.8% on a same store basis.
Carl’s Jr.’s total sales for the second quarter were $10.7m, down 6.1% on the equivalent period last year due to strong sales in that period last year, following two new store openings in Christchurch and the closure of the poor performing Otahuhu store at the end of last year. On a same store basis, sales were down by 3.7%.
