Restaurant Brands New Zealand reported a 7.8-per cent increase on its annual sales led by KFC, Carl’s Jr. and Starbucks, while Pizza Hut’s full year sales fell.
The company reported sales across all stores for the financial year ended February 29 increased to $387.6 million, a 9.9-per cent increase or $34.9 million on the equivalent 52-week period the previous year. On an unadjusted basis, sales were up 7.8 per cent.
Of the total equivalent increase, KFC contributed $22.4 million, driven by strong same store sales growth. Carl’s Jr. contributed a further $13.9 million from an increase in store numbers.
Same store sales for the financial year were up 5.3 per cent, led by KFC, which saw an increase of 6.3 per cent, and Starbucks Coffee up 6.9 per cent. Pizza Hut saw a sales increase of 2.6 per cent and Carl’s Jr. was down 5.1 per cent.
KFC saw a full-year sales increase of 8.6 per cent to $282.5 million from the equivalent 52-week period the previous year, and up 6.3 per cent on a same store basis.
The Auckland-based company’s full year sales for Pizza Hut were $44.9 million, a decrease of 5.6 per cent on the equivalent 52 week period in the prior year due to having seven fewer stores as the company continued its strategy of selling lower volume and regional stores to independent franchises. On a same store basis sales were up 2.6 per cent.
There were 39 company stores at the end of the quarter compared to the 46 in the prior year. There are now 50 Pizza Hut stores operated by independent franchisees with the Mt Wellington and Mt Albert stores sold to independent franchisees in the quarter. Full year sales for the entire network were $86.1 million up 7.2 per cent on the equivalent period.
Starbucks Coffee’s full year sales increased 5 per cent to $26.8 million on the total equivalent 52-week period last year and up 6.9 per cent on a same store basis.
Same store sales were up 5.5 per cent (rolling over a 5.3-per cent increase in the prior year). The brand reported their continued growth in sales was driven by better value and improved customer experience initiatives implemented over the past two years.
Store numbers reduced by one store during the quarter to 25 with the closure of the Courtenay Place store in Wellington.
Carl’s Jr.’s full year sales saw an increase of 71.5-per cent increase to $33.4 million on the total equivalent 52-week period last year, driven by an increase in store numbers. Sales were down 5.1 per cent on a same store basis.
The brand opened a new store at Church Corner in Christchurch after balance date to strong initial sales, with a further store scheduled to open in the same city next month.
