Restaurant Brands lifts first quarter sales 8.5%, bolstered by Australian KFC stores

Wed, 01 Jun 2016

By Paul McBeth June 2 (BusinessDesk) - Restaurant Brands New Zealand lifted first-quarter sales 8.5 percent as the acquisition of New South Wales' biggest KFC franchise bolstered revenue in the period. Total sales rose to $96.6 million in the 12 weeks ended May 23 from $89.1 million a year earlier, of which the 42 Australian KFC stores contributed $8.1 million, the Auckland-based company said in a statement. Stripping that out, revenue in New Zealand was down 0.6 percent due to the closure of nine Pizza Hut stores, one Starbucks Coffee o...

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