Restaurant Brands New Zealand has boosted first-quarter sales by 67 percent after the fast-food operator expanded to Australia, Hawaii, Guam and Saipan.
The Auckland-based company said sales increased to $161.2 million in the 12 weeks ended May 22, from $96.6m in the equivalent period a year earlier.
New Zealand operations lifted sales 7.1 percent to $94.8m, while Australia contributed $29.7m and its Hawaiian operations added $36.7m. On a same-store basis, sales rose 7.2 percent.
New Zealand’s largest fast-food operator is expanding into new overseas markets. In April 2016 it expanded into KFC in Australia and in March 2017 bought the largest fast-food operator in Hawaii.
In Australia, the company acquired another five independent KFC franchise stores in the first quarter, taking its total KFC store numbers across the Tasman to 47. Its Hawaiian-based operations include 37 Taco Bell and 45 Pizza Hut stores.
This article first appeared on sister site Inside Retail New Zealand.
