Wednesday 18th September 2013
|Text too small?|
Restaurant Brands New Zealand, the listed fast-food chain operator, reported a 6.2 percent lift in second-quarter sales, mainly driven by the contribution from its Carl's Jr outlets while revenue from Starbucks Coffee fell.
Sales rose by $6 million to $102.1 million in the 16 weeks ended Sept. 9, the Auckland-based company said in a statement. Same store sales rose 2.7 percent.
Restaurant Brands launched its Carl's Jr burger chain last November and in the latest quarter it contributed $4.3 million of sales. The company opened its fifth Carl's Jr outlet in Rotorua last month and plans to open three more this year, bringing the total to eight.
Sales at its biggest unit, the KFC chicken chain, rose 2.4 percent to $75.1 million, while same-store sales grew 0.4 percent. Pizza Hut sales were flat at $15.3 million as the company continues its strategy of selling stores to independent franchisees. Same-store sales climbed 13.2 percent.
The number of company-owned Pizza Hut outlets fell to 52 from 63 a year earlier, with 32 now independently owned.
Starbucks Coffee outlet sales fell 1.2 percent to $7.4 million though they were up 5.8 percent on a same-store basis.
The company plans to release its first-half results on Oct. 17.
The shares fell 0.7 percent to $2.74.
No comments yet
Is this the beginning of end for Starbucks?
Restaurant Brands bets on new brands to drive future earnings growth
Restaurant Brands expects 2014 profit will be marginally ahead of 2013
Restaurant Brands lifts 1st quarter sales 3.9 percent after adding Carl's Jr stores
Restaurant Brands scotches talk of buying Western Australian KFC stores
Restaurant Brands annual profit slips 4.5 percent, sees bigger earnings in 2013
Restaurant Brands 4th-qtr sales rise 4.5 percent as Carl's Jr makes up for Starbuck’s dip
Restaurant Brands 3Q sales creep higher
Restaurant Brands predicts flat annual profit, holds interim dividend
Restaurant Brands' 2Q sales rise 2.3 percent on Pizza Hut, KFC