11 Mar 2015

Big boost in sales for Restaurant Brands

3:30 pm on 11 March 2015

Stronger sales at KFC and the acquisition of Carl's Jr stores have boosted Restaurant Brands' fourth quarter revenue.

The fast food operator, which runs the KFC, Pizza Hut, Starbucks and Carl's Jr chains, said sales rose 20 percent to $92.8 million in the 13 weeks to 2 March, compared to the equivalent 12 week period a year earlier.

After adjusting for the extra week, sales rose 11 percent.

Restaurant Brands said KFC, which contributes nearly three-quarters of sales, led the way, thanks to its increased spending on marketing, including promotions around the Cricket World Cup, longer opening hours and new family meal options.

Carl's Jr sales doubled, due to buying seven more stores from their owners.

Sales at stores that have been open for at least a year, a key indicator, rose more than 5.5 percent to $79.4 million.

KFC rose by 7.5 percent, while Starbucks' improvement continued, rising by 5 percent, and Pizza Hutt a modest 1.7 percent.

Carl's Jr same store sales fell almost 11.5 percent.

Store numbers rose by 4 to 181 thanks to the acquisition of the Carl's Jr outlets, offsetting fewer Pizza Hut and Starbucks shops.