Aussie acquisitions boost Kiwi operator’s revenue
New Zealand operations generated sales of $400.0 million, up 3.2 per cent, with an additional $97.2 million generated by the Aussie KFC outlets that were acquired in April 2016.
The 42 acquired stores contributed AUD$92.5 million (NZD$97.2 million) in total sales in the ten months since acquisition.
Total sales of AUD$25.8 million (NZD$27.1 million) were made during the fourth quarter, which is an increase of 8 per cent on a same store basis over the equivalent period last year.
Store numbers remained steady at 42 during the quarter.
Group same store sales for the year were +3.0 per cent with Pizza Hut and KFC New Zealand both up 3.6 per cent, Starbucks Coffee up 4.5 per cent and Carl’s Jr, slightly down at -3.8 per cent.
The Company finished the year with fourth quarter sales of $121.6 million, an increase of 36.8 per cent or $32.7 million on the equivalent period last year.
Total company store numbers were up by 39 on the equivalent period last year to 212 with the Australian acquisition, off-set by Pizza Hut store sales to independent franchisees.
Year to date sales for KFC New Zealand were $296.5 million, an increase of 4.9 per cent on a total basis and up 3.6 per cent on a same store basis.
Total sales in the fourth quarter for KFC New Zealand were $70.7 million, up 9.0 per cent or $5.8 million on the equivalent period last year. This is rolling over an increase of 4.2 per cent the year before.
Year to date sales for Restaurant Brands owned Pizza Hut stores were $40.5 million, an increase of 3.6 per cent on a same store basis.
Full year sales for Starbucks Coffee were $26.7 million, up 4.5 per cent on a same store basis.
Starbucks Coffee total sales for the fourth quarter were $6.6 million, a slight decrease on the equivalent period last year, but with one less store. Same store sales for the quarter were up 6.6 per cent (rolling over a 5.5 per cent increase in the prior year).
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