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KFC helps boost Restaurant Brands Q3 sales

Restaurant Brands posted a rise in sales in its fast food stores in New Zealand, Australia and Hawaii for its third quarter, helped by the rise in sales in its KFC business. 

The fast food retailer posted a 5.8 per cent rise in the quarter ending December 2 to $192 million compared to the previous corresponding period.

Each of Restaurant Brands’ operating divisions (New Zealand, Australia and Hawaii) maintained strong same-store sales growth with sales increases of 5.6 per cent, 3.9 per cent and 8.8 per cent respectively.

The company posted a 5.2 per cent increase in its New Zealand operations with sales of up to $99.6 million despite the partial impact of the sale of the Starbucks Coffee business in October 2018. It also posted a 5.6 per cent rise on a same store basis.

KFC Australia posted a 6.7 per cent growth in third quarter sales to $43.7 million on a total basis and 3.9 per cent on a same store basis.

Hawaiian operations saw sales of $43.2 million, up 2.7 per cent on a total basis and 8.8 per cent on a same-store basis.

Restaurant Brands’ year-to-date sales were $634.5 million, an increase of 3.6 per cent over the prior year on a total basis.

Company store numbers were up by two on the equivalent period last year to 286.

Third quarter sales for KFC New Zealand saw an 8.3 per cent increase to $83.6 million on the equivalent period last year and up 5.5 per cent on a same store basis for this quarter.

Year to date sales for KFC New Zealand were $277.1 million, an increase of 8.0 per cent on a total basis and 5.6 per cent on a same store basis.

Store numbers increased by two during the quarter with the opening of stores at WestCity and Newmarket, and increased by five on the prior year with stores opening during the first quarter at Bombay, Courtenay Place and Tauranga Crossing.

Pizza Hut stores saw a 0.8 per cent rise in third quarter sales to $7.6 million on the equivalent period last year. Same store sales for the quarter decreased by 3.2 per cent.

Year to date sales for Restaurant Brands-owned Pizza Hut stores were $25.9 million, a decrease of 7.4 per cent in total, and down 4.1 per cent on a same store basis.

Restaurant Brands-owned store numbers decreased by one during the quarter to 29 stores, and constant with last year. There are now 73 Pizza Hut stores operated by independent franchisees of a network of 102 stores.

Network total sales for the quarter were $23.4 million, an increase of 1.2 per cent. Year to date network total sales were $77.0 million, a decrease of 2.5 per cent.

The first New Zealand Taco Bell store opened in November with strong sales from three weeks of trading of $300,000.


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