Restaurant Brands lifts full-year sales as expansion bears fruit

Wed, 06 Mar 2019

By Rebecca Howard Restaurant Brands New Zealand, the subject of a partial takeover offer by Finaccess Capital, lifted its full-year sales as the fast-food operator's expansion to Australia and Hawaii continued to bear fruit. Total sales for the 12 months to Feb. 25 were $794 million, up 7.2 percent on the year. Its fourth-quarter sales inched up 0.1 percent to $181.6 million. New Zealand's largest fast-food operator has been expanding into overseas markets to drive earnings growth. The company, which operates the KFC, Pizza Hut, and C...

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