Restaurant Brands’ sales are up after Australian acquisitions

Company News

by Rachael Jones

Restaurant Brands’ (ASX:RBD) New Zealand first Quarter Sales are up 11.7 per cent following further Australian acquisitions.

Total sales for the first quarter of the financial year were $180.0 million, an increase of $18.8 million on the equivalent period last year.

New Zealand operations generated sales of $97.4 million, up 2.8 per cent on a total basis and 2.6 per cent on a same store basis.

Australian KFC outlets produced sales of $42.8 million, up 44.1 per cent on a total store basis, and 3.7 per cent on a same store basis.

Shares in Restaurant Brands’ (ASX:RBD) New Zealand last traded at $7.15 on 24 May.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.