Restaurant Brands Same Store Sales Soar

According to the National Business Review, “Restaurant Brands is continuing to serve up strong sales at its KFC and rejuvenated Pizza Hut stores, with same store sales up 7.2% in the third quarter for the year.”

“The fast food group’s total sales for the 12 weeks ended December 7 were $72.9 million, up 4.7% on the same time last year. That follows steady growth over the year with increases of 4.8% and 4.3% in the previous two quarters, while the total year-to-date sales are up 4.6% to $242.6 million. The company has spent the past two years restructuring and refurbishing its KFC and Pizza Hut businesses and same store sales have benefited from that, with a same store sales increase of 6.8% for the group over the year so far. The same store KFC sales were up a full 10%, with total sales up 7.4% to $51.4 million. The company is planning to have half of its KFC store transformations completed by the end of the year and store numbers have remained stable at 84 during the quarter, although one new store is scheduled to open in Greenlane, Auckland tomorrow. The Pizza Hut business is continuing its long turnaround, with same store sales up 1.9%, although total store sales saw a slight 0.1% drop.”