Restaurant Brands sees sales jump in Q2

KFCNew Zealand-based Restaurant Brands have seen Q2 sales jump 11.6 per cent after further Australian acquisitions offset some New Zealand divestments.

Total sales for the quarter reached NZ$250 million, ahead of the NZ$222 million seen in the corresponding period of 2017, while year-to-date sales reached NZ$430 million.

Sales for KFC New Zealand grew 4.9 per cent over the corresponding period of 2017 to NZ$103 million, contributing to the NZ$179 million reached year-to-date – a 5.3 per cent increase year-over-year. KFC New Zealand stores remained steady at 94.

The company’s Pizza Hut New Zealand stores reduced by four in the period, while sales for the quarter fell 14.4 per cent to $10 million.

Year-to-date sales saw the NZ pizza-chain bring in NZ$20.4 million, a 10.5 per cent decrease compared to the previous corresponding period.

Restaurant Brands’ other New Zealand brands, Starbucks and Carl’s Jr, brought in NZ$7.2 million and NZ$9.8 million for the quarter respectively. Starbucks saw consistency compared to the same quarter in 2017, while Carl’s Jr saw a sales decrease of 7.3 per cent.

Restaurant Brands sole Australian brand, KFC Australia, reached $60 million in sales, an increase of 41.9 per cent on a total basis or 4.8 per cent on a same store basis.

During the financial year KFC Australia store numbers grew by 14 due to the opening of a new store as well as the acquisition of 13 stores, with total store numbers reaching 61 during the quarter.

This story originally ran on sister-site Inside Retail Australia. 

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