KFC, Carl's Jr. boost Restaurant Brands' profit
posted on 29th October 2015
Restaurant Brands' policies of re-investing in KFC and Carl's Jr. outlets seems to be paying off, and even Starbucks has contributed to increased profits for the multi-brand master licensee.
Restaurant Brands New Zealand boosted first-half profit 17 percent on increased sales of fried chicken at KFC and more Carl's Jr stores.
Profit rose to $13.4 million in the 28 weeks ended September 14, up from $11.5 million in the same period a year earlier, the company says.
Total store sales rose 13 percent to $210 million, while on a same-store basis sales increased 6.7 percent to $192 million. It had a total of 180 stores across its KFC, Carl's Jr, Starbucks Coffee and Pizza Hut brands, six more than a year earlier.
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