Wednesday 28th April 2021
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Restaurant Brands Delivers Solid Sales Growth for the First Quarter
Restaurant Brands’ total sales for the first quarter to 31 March 2021 were $259.7 million, an increase of 11.2% on the equivalent period last year across the businesses it operated during the previous year and up 29.8% when including trading from its recent California acquisition.
The increase in sales of $59.6 million was driven by the inclusion of trading for the California acquisition, ten additional stores in Australia, and strong same store sales growth in Hawaii and New Zealand.
COVID-19 continues to impact the business, resulting in a higher mix of drive through and delivery sales in all markets.
Company owned store numbers were up by 65 on the equivalent period last year to 353, primarily following the acquisition of 69 stores in California in September 2020.
Annual Shareholders’ Meeting
The Annual Shareholders’ Meeting of the company will be held on Thursday 27 May 2021. Given the ongoing disruption to international travel arising from COVID-19 and the potential for restrictions on large gatherings being implemented, it will be a virtual meeting.
Please see the link below for details:
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