Restaurant Brands lifts 4Q revenue bolstered by KFC sales in NZ, Australia

Wed, 08 Mar 2017

By Sophie Boot March 9 (BusinessDesk) - Restaurant Brands New Zealand, the fast-food retailer, lifted fourth quarter sales 37 percent to $121.6 million, bolstered by gains from its Australian KFC stores. In the 12 weeks to Feb. 27, the company's sales rose to $121.6 million, up $32.7 million from the equivalent period a year earlier. Some $27 million of that came from the 42 KFC stores in New South Wales Restaurant Brands bought in April 2016. The company's New Zealand sales rose 6.4 percent to $94.5 million in the fourth quarter, while s...

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