Restaurant Brands lifts 2Q sales; appetite for KFC offsets ditched Starbucks

Wed, 18 Sep 2019

By Paul McBeth Sept. 19 (BusinessDesk) - Restaurant Brands New Zealand lifted second-quarter sales 3.5 percent as growing demand for the fast-food operator's local KFC chain more than offset the loss of its lacklustre Starbucks Coffee stores. Total sales rose to $259.7 million in the 16 weeks ended Sept. 9 from $251 million a year earlier. Its New Zealand arm still accounts for more than half its revenue, largely through the success of 97 KFC stores. The local KFC arm lifted sales 8.8 percent, or $9.2 million, to $113.5 million, more...

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