Sharechat Logo

Restaurant Brands first-half sales rise 13% on demand for KFC, more Carl's Jr stores

Wednesday 23rd September 2015

Text too small?

Restaurant Brands, the country's largest listed fast food operator, boosted first-half sales 13 percent on an increase in sales of fried chicken at KFC and more Carl's Jr stores.

Total store sales rose to $210 million in the 28 weeks ended Sept. 14, from $185.7 million a year earlier, the Auckland-based company said in a statement. On a same-store basis sales increased 6.7 percent to $192 million. It had a total of 180 stores across its KFC, Carl's Jr, Starbucks Coffee and Pizza Hut brands, six more than a year earlier. 

Its KFC brand, which makes up more than two thirds of revenue, increased total store sales 1​2 percent to $153.2 million while same-store sales rose 8.8 percent. Restaurant Brands has been refurbishing stores and spending more on marketing, including KFC's successful promotion of the Double Down option and the Family Favourites Bucket. 

Carl's Jr, the company's newest brand, increased total store sales 108 percent to $18.4 million, but on a same-store basis sales slipped 6.8 percent to $8.2 million. The company doubled the number of stores to 18, as it opened new shop fronts and brought back stores under its management, buying them from franchisees.

Pizza Hut sales fell 7.3 percent to $24.5 million on a total store basis, while same-stores sales slipped 0.4 percent to $23.9 million. The company is exiting stores in line with its plan to sell underperforming outlets to franchisees, and had reduced it to 44 at balance date from 49 a year earlier. 

Starbucks total store sales rose 5.2 percent to $13.9 million, while on a same-store basis sales increased 7.6 percent to $13.9 million, as the chain benefited from better value and improved customer experience initiatives implemented over the past two years, it said.

Restaurant Brands expected to release its full first-half sales next Tuesday. 

The shares last traded at $3.78 and have gained 3 percent since the start of the year.

 

 

 

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report