Restaurant Brands Sales Growth Continues in the First Quarter

28/02/2020 8:00:00 PM

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Restaurant Brands’ total sales for the first quarter of the financial year (three months to 31 March 2020) were $200.1 million, an increase of $10.0 million or 5.3% on the equivalent period last year. Each of the operating divisions (New Zealand, Australia and United States) maintained same store sales growth with sales increases of +1.7%, +2.0% and +7.9% respectively.

New Zealand operations sales were $98.0 million, down 1.5% on a total basis, and up 1.7% on a same store basis. The Australian business produced sales of $NZ50.4 million, up 13.3% on a total basis and 2.0% on a same store basis (local currency). United States sales were $NZ51.8 million, up 6.3% on a total basis and 7.9% on a same store basis (local currency).

Company store numbers were up by four on the equivalent period last year to 288.

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