Restaurant Brands' Full Year Sales up 9.9%

10/03/2016 12:03:11 PM

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Note: Restaurant Brands' results for the 2014/15 financial year (prior year) were on a 53 week basis compared with 52 weeks for the current year. Because the company normally reports on a 52 week (364 day) year, a "leap year" is occasionally required, hence an extra week in the fourth quarter of the prior year. Comparative % and dollar changes in sales are restated to a 52 week equivalent. Unadjusted and adjusted comparisons are contained in the appended tables.

Restaurant Brands' total sales for the financial year (52 weeks ended 29 February 2016) were $387.6 million, an increase of 9.9% or $34.9 million on the equivalent 52 week perioed in the prior year. On an unadjusted basis sales were up 7.8%.

Of the total equivalent increase, KFC contributed $22.4 million, driven by strong same store sales growth. Carl's Jr. contributed a further $13.9 million from an increase in store numbers.

Same store sales for the financial year were up 5.3%, led by KFC up 6.3% and Starbucks Coffee up 6.9%. Pizza Hut saw a sales increase of 2.6% and Carl's Jr. was down 5.1%.