Restaurant Brands Strong Sales Growth Continues in the Third Quarter

16/12/2019 8:05:06 PM

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Restaurant Brands’ total sales for the third quarter of the financial year (12 weeks to 2 December 2019) were $192.0 million, an increase of $10.5 million or 5.8% on the equivalent period last year. Each of the operating divisions (New Zealand, Australia and Hawaii) maintained strong same store sales growth with sales increases of +5.6%, +3.9% and +8.8% respectively.

New Zealand operations sales were $99.6 million, up 5.2% in total (despite the partial impact of the sale of the Starbucks Coffee business in October 2018), and up 5.6% on a same store basis. Australian KFC outlets produced sales of $NZ46.5 million, up 6.7% on a total basis and 3.9% on a same store basis (local currency). Hawaiian operations sales were $NZ45.8 million, up 2.7% on a total basis and 8.8% on a same store basis (local currency).

Year to date sales were $634.5 million, an increase of 3.6% over the prior year on a total basis.

Company store numbers were up by two on the equivalent period last year to 286.

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