Restaurant Brands Total Sales Impacted By COVID-19 During Second Quarter

29/07/2020 8:00:00 PM

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Restaurant Brands’ second quarter sales were materially impacted by Government-mandated trading restrictions implemented in response to the COVID-19 crisis. All stores in New Zealand were closed between 25 March and 28 April, and then only open for delivery and drive through until 14 May. Australian stores operated without dine-in for the quarter and 10 mall stores were closed for half of the quarter. Hawaiian stores operated without dine-in for the entire quarter.

Restaurant Brands’ total sales for the second quarter of the financial year (three months to 30 June 2020) were $183.3 million, a decrease of $22.6 million or 11.0% on the equivalent period last year primarily due to the full closure of the New Zealand stores for most of April.

Total year to date sales were $383.4 million, a decrease of 3.2% on the prior year; however on a same store basis (removing the impact of stores closed because of the COVID-19 crisis) all divisions recorded growth despite these disruptions.

Company store numbers were up by three on the equivalent period last year to 290.

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