Restaurant Brands' Fourth Quarter Sales up 10.6%

11/03/2015 2:18:00 PM

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Note: Restaurant Brands’ results for the 2014/15 financial year are on a 53 week basis vs 52 weeks for the previous year.  Because the company normally uses a 52 week (364 day) year, a “leap year” is occasionally required, hence an extra week in the fourth quarter.  All comparative % and dollar changes in sales are restated to a 52 week equivalent.  Unadjusted and adjusted comparisons are contained in the appended tables.
 
Restaurant Brands' total sales during the fourth quarter of the financial year (13 weeks ended 2 March 2015) were $92.8 million, an increase of 10.6% or $8.2 million on the equivalent 12 week quarter in the prior year.
                                                                                                        
Of the total equivalent increase, KFC contributed $5.3 million, driven by strong same store sales.  Carl’s Jr. contributed a further $3.3m mostly from the acquisition of seven Auckland-based Carl’s Jr. stores.
 
Same store sales for the company were up 5.7%, led by KFC which grew 7.5%, Starbucks Coffee was up 5.3% and Pizza Hut up 1.7%.  Carl’s Jr. was down 11.4% on a same store basis as the brand continued to roll over high store opening sales experienced in the prior year.