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:
No comments yet
27th September 2021 Morning Report
Z Energy Limited (NZX: ZEL) Exclusivity Period with Ampol Extended
Synlait Milk Limited (NZX: SML) Publishes FY21 Result; Appoints CEO
Pacific Edge Limited (NZX: PEB) Placement Upsized Following Strong Demand
24th September 2021 Morning Report
23rd September 2021 Morning Report
Pacific Edge Limited (NZX: PEB) Dual Lists on ASX; Announces Capital Raise to Accelerate
Tower Limited (NZX: TWR) Updates Guidance
South Port New Zealand Limited (NZX: SPN) 2021 Annual Report
22nd September 2021 Morning Report