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Restaurant Brands' First Quarter Sales Up 8.5% Following Australian Acquisition

Restaurant Brands' total sales during the first quarter of the financial year (12 weeks ended 23 May 2016) were $96.6 million

Restaurant Brands' total sales during the first quarter of the financial year (12 weeks ended 23 May 2016) were $96.6 million, an increase of 8.5% or $7.6 million on the equevalent period last year.


Of the increase, the acquisition of 42 KFC outlets in Australia contributed $8.1 million for the quarter. Pizza Hut total company sales were down $1.2 million with a reduction in store numbers by nine from the prior year.


Same store sales for the company were steady at 0.4%, led by Pizza Hut which grew 4.3% with positive growth from KFC up 1.4% and Starbucks Coffee up 1.8%. Carl's Jr. ended the quarter with negative same store sales growth of 13.5%.


Total company store numbers were up on the equivalent period last year by 33 to 215 with the Australian acquisition, off-set by Pizza Hut store sales.

Restaurant Brands' First Quarter Sales Up 8.5% Following Australian Acquisition

Restaurant Brands' total sales during the first quarter of the financial year (12 weeks ended 23 May 2016) were $96.6 million

2 June 2016 at 4:30:00 am

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