Restaurant Brands' Q4 sales fell 2.7%, same-store sales down 3.7%

Tue, 29 May 2012

By Hannah Lynch May 30 (BusinessDesk) - Restaurant Brands, which operates the local Pizza Hut, KFC and Starbucks brands, reported first-quarter sales fell 2.7 percent, reflecting the success of KFC's Double Down promotion a year earlier. Group sales fell $2 million to $70.6 million, in the 12 weeks ended May 21, while same-store sales dropped 3.7 percent to $68 million, the company said in a statement. KFC sales fell 3.1 percent to $54 million, while same store-sales decreased 6.4 percent. In the same quarter last year, sales rose 2.8 perc...

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