24 Sep 2009

Restaurant Brands sales rise in September quarter

9:01 am on 24 September 2009

Fast food operator, Restaurant Brands says sales have jumped 5% in the September quarter, despite its Starbucks chain experiencing a dip in trade.

Sales at Restaurant Brands, which also owns the Pizza Hut and KFC, totaled $96.9 million dollars in the period. Sales at stores open at least a year rose 7%.

The improvment has been led by KFC, which accounts for 70% of the business, and a stronger performance at Pizza Hut, which has underperformed in recent years.

That offset weaker sales at Starbucks which fell more than 8% to $8.8 million.

Restaurants Brands chief executive Russel Creedy says the company is not considering selling off the coffee chain, as it is now showing signs of improvement following recent changes to the brand.

Last week, Restaurant Brands forecast its half year profit would almost double to about $8.7 million.