Restaurant Brands’ sales up 41 per cent

Restaurant Brands New Zealand has boosted this year’s second-quarter sales by 41 per cent, to $224.9m and same-store sales rose 6.7 per cent.

Sales in its domestic market lifted 5.3 per cent to $130.6m; Australian sales rose a significant 19 per cent to $42.2m; the company’s Hawaiian operations contributed $52.1m to the group’s coffers.

In New Zealand, the company’s 92 KFC stores saw sales increase 8 per cent in the second quarter to $99.4m while its 34 Pizza Hut stores raised sales 2.9 per cent to $13.2m.

However the 23 Starbucks Coffee stores dipped 6.4 per cent to $7.3m and sales at 19 Carl’s Jr outlets fell 6.1 percent to $10.7m.

New Zealand’s largest fast-food operator is banking on overseas markets to drive future earnings growth. In April 2016 it bought into KFC in Australia and in March 2017 acquired Hawaii’s largest fast-food operator.

Australia’s 47 KFC stores brought sales of $A39.2m ($NZ42.8 m) into the group during the second quarter – that’s a 16 per cent rise from the previous year.