Carl's Jr. pushes Restaurant Brands sales higher
posted on 28th May 2014
With sales up 60 percent to $3.7 million, Carl's Jr. remains the star performer in Restaurant Brands portfolio as the company continues to adjust its store mix. Restaurant Brands is opening new Cal's Jr stores (the latest in Gisborne), closing Starbucks outlets, franchising regional and lower volume Pizza Hut outlets and increasing promotional activity around its biggest brand, KFC, pending a planned revamp of KFC stores nationwide.
Restaurant Brands' total sales during the first quarter (12 weeks ended 19 May 2014) were $77.7 million, an increase of 5.9% or $4.3 million on the equivalent period last year, with all four brandsrecording positive sales growth.
Of the total increase in sales KFC was the key contributor at $2.8 million with Carl’s Jr. contributing a further $1.4 million.
Same store sales for the company were up 4.3% with strong growth in KFC which grew 5.0%. Starbucks Coffee was up 5.5% and Pizza Hut up 9.3%. Carl’s Jr was down 36.2% as it rolled over very high new store opening sales in the four stores open in the prior year.
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