10 Mar 2016

Restaurant Brands' annual sales up 9.9 percent

3:20 pm on 10 March 2016

A stronger appetite for KFC and the smell of coffee at Starbucks have helped boost Restaurant Brands' annual sales.

090414.  KFC restaurant logo

KFC restaurant logo Photo: RNZ / Diego Opatowski

Sales for the year ended February climbed 9.9 percent to $387.6 million.

Same store sales across the group climbed more than 5.3 percent, helped by KFC, Starbucks and Pizza Hut, while Carl's Jr same store sales dipped.

Full-year sales for Pizza Hut fell after it closed seven stores, which is part of its plan to sell lower volume and regional stores to independent franchisees.

The bright spot continues to be KFC - driven by sales promotions - along with growing sales for Starbucks Coffee.

Last week, Restaurant Brands said it would buy 42 KFC stores in New South Wales for $AU82.4 million.

Those stores are expected to help boost Restaurant Brands' annual sales and profits.

The company will report its full-year result next month, with market expectations for a profit of around $24 million.

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