Restaurant Brands posts 7.2% lift in full year sales
Full year sales for KFC Australia were also up.
Restaurant Brands’ announced that its total sales for the year ended 25 February 2019 were NZ$794.0 million, up by 7.2% compared to the same period last year. Total sales during the fourth quarter of the financial year were $181.6 million, an increase of $0.2 million or 0.1% on the equivalent period last year.
Full year sales for KFC Australia were AU$178.3 million ($NZ191.5 million), up by 27.8% on a total basis and 4.7% on a same store basis. Fourth quarter sales for KFC Australia were AU$41.9 million ($NZ43.9 million), an increase of 7.2% on a total basis and 6.9% on a same store basis.
Total store numbers were down by 31 on the equivalent period last year to 283, primarily attributed to the sale of the 22 Starbucks Coffee stores in October and the sale of eight New Zealand Pizza Hut stores to independent franchisees.
Full year sales for KFC New Zealand were $336.5 million, an increase of 5.3% in total and up 4.3% on a same store basis. Its fourth quarter sales were $80.1 million, an increase of 5.7% on the equivalent period last year and up 5.6% on a same store basis for this quarter. Store numbers remained at 94 during the quarter.
Restaurant Brands-owned Pizza Hut stores in New Zealand had full year sales worth $35.4 million, a dip of 14.0% in total, and down 6.1% on a same store basis. Total fourth quarter sales were $7.3 million, a decrease of 18.5% on the equivalent period last year. Same store sales for the quarter decreased by 9.4%.
Full year sales for the 22 sold Starbucks Coffee outlets were $16.0 million, an increase of 4.0% on a same store basis.
Carl’s Jr. outlets in New Zealand had full year sales of $31.9 million, a decrease 8.8% on a total basis and 3.3% on a same store basis. Total fourth quarter sales were $7.4 million, a decrease of 7.4% on the equivalent period last year with the network having one less store than last year. Same store sales for the quarter dipped by 1.5% whilst store numbers remained at 18 during the quarter.
The company previously announced its agreement with Taco Bell Restaurants Asia to roll out the taco chain’s outlets across Australia and New Zealand, aiming to build more than 60 stores in the two countries from this year to 2024.
