Restaurant Brands hits FY 2018 sales target with 49% gain on Australia, Hawaii acquisitions

Wed, 07 Mar 2018

By Sophie Boot March 8 (BusinessDesk) - Restaurant Brands met its sales forecast for 2018, with revenue rising 49 percent to $740.8 million, as acquisitions in Hawaii and Australia bolstered earnings. In June last year, chief executive Russel Creedy said the company expected to "comfortably" exceed revenue of $700 million in the 2018 financial year and it was aiming to reach $1 billion in annual sales. Today, the company reported it had done that with fourth-quarter earnings, for the 12 weeks ended Feb. 26, at $181.3 million, a 49 percent...

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