LEGAL | Staff Reporter, Australia

Restaurant Brands' Q2 sales up by 11.6%

Acquired Australian KFC outlets boosted the group’s growth, with sales of NZ$60.6 million.

Restaurant Brands New Zealand Ltd has announced that their total sales for the second quarter ending September 10 attained an 11.6% or NZ$26.1 million increase in total sales to NZ$251.0 million compared to the previous year.

Operations in New Zealand had its sales increase to NZ$132.8 million, up 1.7% on a total basis as well as 2.7% on a same store basis.

Their KFC operations in Australia produced sales that went 41.9% up to NZ$60.6 million (AU$55.6 million) on a total basis and 4.8% on a same store basis. Year to date sales also grew 43.1% to NZ$103.4 million (AU$95.5 million). Their Hawaiian operations, meanwhile, generated 10.4% growth to NZ$57.6 million on a total basis and 2.0% on a same store basis.

Overall, their year to date sales took an 11.6% increase to NZ$431.0 million on a total basis.

Currently, total company store numbers are at 305, up by eight compared to the equivalent period last year. This is due to the acquisition of an additional 13 KFC stores in Australia offset by the sale of five New Zealand Pizza Hut stores to independent franchisees.

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