RESTAURANT BRANDS Q4 SALES ANNOUNCEMENT

1/02/2021 8:28:09 AM

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Restaurant Brands’ total sales for the year to December 2020 were $892.4 million, an increase of 2.1% across the businesses it operated for the full year and up 8.4% when including four months trading from its recent California acquisition.
 
For the fourth quarter of the financial year (three months to 31 December 2020) total sales were $269.1 million, an increase of $54.5 million driven primarily by the inclusion of trading for the California acquisition. Total sales for the fourth quarter after excluding the California acquisition were up 7.4% on the equivalent period last year due to strong same store sales growth, particularly in Hawaii and New Zealand.
 
COVID-19 had a significant negative effect on total annual sales for the New Zealand market as a result of the full closure of the business for five weeks and reduced dine-in sales.  The ongoing global situation continues to affect all overseas markets.
 
Company owned store numbers were up by 64 on the equivalent period last year to 348, primarily following the acquisition of 69 stores in California in September 2020.


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