KFC and Pizza Hut boost Restaurant Brands outlook
Restaurant Brands is predicting an 87% increase in half-year earnings, thanks to a strong turnaround for the Pizza Hut franchise and sustained sales growth for the KFC takeaway chicken business.
For the 28 weeks to 14 September, Restaurant Brands is forecasting net after-tax profit, exclusing non-trading items, to be around $8.7 million, up $4.1 million on results for the first half of the last financial year.
"The full year result is anticipated to be in the vicinity of $15 million, which is also an improvement on the prior year's $11.7 million," the company said in an update to the NZX.
"The company will be rolling over a strong second half result for the prior year. Hence, the second half performance lift for the current year is not expected to be as strong."
The half year profit result will be announced on October 16.
Shares in Restaurant Brand jumped 12% to $1.15 immediately following the announcement.
Businesswire.co.nz
Related News
Restaurant Brands sales rise 5.3%, led by KFC turnover Restaurant Brands full-year profit jumps 67% Daily Share Chat: Restaurant Brands Restaurant Brands ups profit guidance to $17.5 million Daily Share Chat: Restaurant Brands Daily ShareChat: Restaurant Brands Restaurant Brands first-half profit soars Daily Share Chat: Restaurant Brands Restaurant Brands' Q2 sales climb Restaurant Brands signs on for 10 more years of pizza
NZX Annoucements for RBD
|
|
Restaurant Brands NZ Limited Ordinary Shares
Current quote:
RBD $1.91
Quotes delayed 20 minutes
Price when article published: $1.18
Previous News
Sharemarket News By Email
Stock Quote
At a Glance
| NZX 50 Index |
3225.14 |
 |
1.70 |
| S&P/ASX 200 |
4818.10 |
 |
3.90 |
| Dow Jones Industrials |
10624.70 |
 |
12.80 |
Comment & Analysis
|
“
Firstly me – on the 9th of February I received a call from the Endocrinology Department of Waikato Hospital asking how long it would take me to get to their clinic – when I hesitated to think, the specialist said “I mean today!” I turned up at the hospital to find the Doc himself standing [...]
”
Wayne Lochore More »
|
|
|
|


NZX 15 Index
NZX Announcements
|