Sharechat Logo

Restaurant Brands New Zealand Limited (NZX: RBD) Q4 Sales Announcement

Friday 29th January 2021

Text too small?

Restaurant Brands’ total sales for the year to December 2020 were $892.4 million, an increase of 2.1% across the businesses it operated for the full year and up 8.4% when including four months trading from its recent California acquisition.

For the fourth quarter of the financial year (three months to 31 December 2020) total sales were $269.1 million, an increase of $54.5 million driven primarily by the inclusion of trading for the California acquisition. Total sales for the fourth quarter after excluding the California acquisition were up 7.4% on the equivalent period last year due to strong same store sales growth, particularly in Hawaii and New Zealand.

COVID-19 had a significant negative effect on total annual sales for the New Zealand market as a result of the full closure of the business for five weeks and reduced dine-in sales. The ongoing global situation continues to affect all overseas markets.

Company owned store numbers were up by 64 on the equivalent period last year to 348, primarily following the acquisition of 69 stores in California in September 2020.

Annual Profit Result

The company will release its annual trading result for the year ended 31 December 2020 on 25 February 2021.

Please see the link below for more details:

Restaurant Brands Q4 Sales Announcement

Source: Restaurant Brands New Zealand Limited



  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