,Australia

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.
The Mexican QSR recently embarked on a hiring spree across the country.
The promotion is available across the chain’s 41 stores.
This unit guarantees food quality without increasing operational expenses.
Controlling food costs, lessening waste, and forecasting demand accurately are crucial.
It partnered with Sydney illustrator Julie Luu to feature festive art across store signages and the brand’s 2022 Christmas Calendar.
One applicant will also have the chance to win a year’s worth of free pizza and a Nintendo Switch.
Find out how the upgraded digital menu signages improved the brand's operational and cost efficiencies.
The fast food chain has 54 restaurants across SA and 449 nationally.