Restaurant Brands announces half year profit results for the half year ended 8 September 2014

23/10/2014 9:40:31 AM

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Net Profit after Tax for the 28 weeks ended 8 September 2014 (1H 2015) was $11.5 million (11.7 cents per share) up $1.8 million or 18.6% on the prior period (1H 2014). Net Profit excluding non-trading items was also $11.5 million, up $2.7 million or 30.2% on the prior period.

Total Group Sales were $185.7 million, up 5.8% on the previous half year, driven by a strong performance from KFC and increased contribution from the new Carl’s Jr. brand. Same store sales were up 4.9% for the half year (+2.9% 1H 2014) with solid same store sales growth from KFC, Pizza Hut and Starbucks Coffee.

Brand EBITDA was up $4.4 million to $31.6 million. The bulk of the increase came from KFC, but all four brands delivered an improved profit performance.

Directors have declared an interim dividend of 7.5 cents per ordinary share, up 1.0 cent on last year. The dividend is fully imputed and payable on 21 November 2014.