Restaurant Brands' First Quarter Sales up 8.5% following Australian Acquisition

2/06/2016 10:03:28 AM

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Restaurant Brands' total sales during the first quarter of the financial year (12 weeks ended 23 May 2016) were $96.6 million, an increase of 8.5% or $7.6 million on the equevalent period last year.

Of the increase, the acquisition of 42 KFC outlets in Australia contributed $8.1 million for the quarter.  Pizza Hut total company sales were down $1.2 million with a reduction in store numbers by nine from the prior year.

Same store sales for the company were steady at 0.4%, led by Pizza Hut which grew 4.3% with positive growth from KFC up 1.4% and Starbucks Coffee up 1.8%.  Carl's Jr. ended the quarter with negative same store sales growth of 13.5%.

Total company store numbers were up on the equivalent period last year by 33 to 215 with the Australian acquisition, off-set by Pizza Hut store sales.