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.
Year-to-date sales for KFC Australia were $143.1 million, an increase of 4.9 per cent on a total basis and 5.3 per cent on a same-store basis. Store numbers increased by one to 62 during the quarter with the opening of the Darlinghurst store.
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