Georgie Pie helps lift McDonald's revenues
posted on 24th April 2014
McDonald's New Zealand business posted a 5.8 percent lift in revenue to $216.6 million in the year to December 31. This figure includes sales through company-owned restaurants and rent and royalties paid by franchisees, but does not include sales made through franchised stores (about 80 percent of the company's 163 outlets). Overall system sales are not published but must now be pushing the magic $1 billion mark.
Revenue was boosted by the re-launch of Georgie Pie, which required the installation of new equipment.
'McDonald's and our 53 New Zealand franchisees largely enjoyed a positive 2013, buoyed by the launch and roll out of Georgie Pie,' McDonald's New Zealand managing director Patrick Wilson said.
But while revenue was up, net profit for the period was down 3.7 per cent to $30.7m.
Having recently opened a restaurant in north Hamilton, McDonald's now operated 163 restaurants and employed more than 9000 staff in New Zealand.
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