Restaurant Brands Second Quarter Sales up 31.9% Following Australian Acquisition

22/09/2016 1:37:38 a.m.

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Restaurant Brands' total sales during the second quarter of the financial year (16 weeks ended 12 September 2016) were $159.5 million, an increase of 31.9% or $38.6 million on the equivalent period last year. Of the increase, the acquisition of 42 KFC outlets in Australia contributed $35.5 million, KFC New Zealand $3.3 million and Carl’s Jr. $1.0 million. Pizza Hut total company sales were down $1.3 million with the sale of seven stores to independent franchisees. Same store sales for the company increased by 2.1%, led by Pizza Hut which grew 5.3% with positive growth from KFC up 2.3% and Starbucks Coffee up 4.0%. Carl’s Jr. ended the quarter with negative same store sales of 4.4%. Total company store numbers were up on the equivalent period last year by 35 to 215 with the Australian acquisition, off-set by Pizza Hut store sales to independent franchisees.