Restaurant Brands 4th-qtr sales rise 4.5 percent as Carl’s Jr makes up for Starbuck’s dip

Wed, 06 Mar 2013

March 7 (BusinessDesk) – Restaurant Brands New Zealand reported a 4.5 percent gain in fourth-quarter sales as the inclusion of two Carl’s Jr stores made up for weaker revenue from Starbuck’s Coffee as it closed six outlets. Sales rose to $72.96 million in the 12 weeks ended Feb. 25, from $69.8 million a year earlier, the Auckland-based company said in a statement. Annual sales rose 1.2 percent to $311.9 million. Restaurant Brands is tweaking its product mix in a strategy to wind down its less profitable Pizza Hut stores while adding burger c...

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