, Australia
619 views
Photo from KFC press photo.

Restaurant Brands reports 2.7% total sales growth amidst economic pressures

Strong sales in its New Zealand market helped offset some of the negative effects.

Restaurant Brands saw total sales for the fourth quarter climbing by 2.7% in the fourth quarter of 2024 despite slowing sales growth in almost all its markets.

Total year sales increased by 6.7% to $1.23b (NZ$1.33b), supported by the recovery from the impacts of the 2022 COVID-19 Omicron outbreak earlier in the year, and a full year of trading from new stores opened in 2022. 

According to the group, it implemented a ‘strategic programme of price increases’ across all of its markets to help relieve margin pressures whilst balancing brand health and the financial pressures faced by its customers. 

In Australia, Q4 sales increased by 2.4% to $72.3m. The group saw lower sales growth this quarter compared to the first three quarters because of cost of living pressures impacting discretionary household expenditure.

Meanwhile, the group saw sales dipping by 1.3% in Hawaii whilst California sales slipped by 4.9%.

These losses were partially offset by gains in Restaurant Brands New Zealand market which saw sales increase by 8.3%.

Restaurant Brands said it expects to report a full-year net profit after tax for 20203 within its provided guidance.

Restaurant Brands operates the New Zealand franchises for KFC, Pizza Hut, Carl's Jr. and Taco Bell.  It also operate a KFC franchise in New South Wales, Australia & California, USA and Taco Bell and Pizza Hut franchises in Hawaii, Guam and Saipan.

Follow the link for more news on

Join QSR Media Australia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!