KFC, Taco Bell assist Restaurant Brands in tripling profit during first half

New KFC and Taco Bell stores scheduled for Australia and New Zealand in the second half.

New Zealand-headquartered Restaurant Brands tripled its profit during the first half, with group NPAT reaching $33 million from last year’s $10.7 million - equivalent to a 208% rise.

The NZX-listed operator reported a 41% jump in group sales to $516 million, courtesy of positive same-store sales across Australia, New Zealand, Hawaii, and their newly-added business in California.

Its Australian operations grew 24.1% during the half to NZ$117 million in sales and $5.3 million in operating profit, up by 106%.

“With continued investment in existing stores in the portfolio and a particular emphasis on driving workplace safety, operational excellence and digital innovation that enhances customer experience, the business has succeeded in mitigating some of the impact of the current Covid-19 restrictions,” Restaurant Brands said.

Sales  in New Zealand were up 37% to NZ$239 million whilst EBITDA jumped 28.3% to NZ$43.1 million. Operating profit rose by 68.5% to NZ$28.7 million.

Meanwhile in Hawaii, sales were up 5.7% to US$72.7 million, whilst its new operations in California brought in US$55.2 million.

New KFC and Taco Bell stores scheduled for Australia and New Zealand in the second half, the company added.

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The chain is also giving one couple the chance to win free catering.
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The promotion is available across the chain’s 41 stores.
This unit guarantees food quality without increasing operational expenses.
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One applicant will also have the chance to win a year’s worth of free pizza and a Nintendo Switch.
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The fast food chain has 54 restaurants across SA and 449 nationally.