Restaurant Brands' profits up 6.8 percent
posted on 9th April 2014
Restaurant Brands is benefitting from the improved eating out market as margins return after earlier price wars. Store closures and franchising some regional Pizza Hut outlets have also helped improve profitablility.
Restaurant Brands has posted a net profit of $18.9 million in the year to February 24, up 6.8 per cent on the previous year.
Group revenue for the fast-food retailer was up $17.6m (5.6 per cent) to $330.4m, boosted by growth from KFC (up 1.9 per cent) and the rollout of the Carl's Jr brand.
Strong performances by Pizza Hut and Starbucks Coffee, as well as positive earnings from Carl's Jr, offset slightly reduced KFC margins.
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