Non-KFC growth strong
Restaurant Brands reported total sales for the 12 weeks to 4 September up 7.4% to $53 million, the seventh consecutive quarter it has improved returns over the same period the previous year.
Its strategy of growing non-KFC sales worked well â€” KFC sales grew 0.5% to $39.5 million, but same-store sales fell 1.5%, non-KFC sales rose 34.3%, including $2.5 million from Starbucks.
Chief executive Jim Collier was pleased, given the tighter economy and 1.7% fall in total takeaway sales in June and July.
Four more Starbucks and one KFC are due to open this quarter . The Pizza Hut chain has incorporated 39n Eagle Boys premises, closed nine of its own underperforming restaurants and two duplicated delivery/takeaway premises (delcos, as they are referred to).
On completion of the conversion, Pizza Hut will have 61 delcos and 21 restaurants. A Pizza Hut liquor delivery trial on the North Shore has begun well, with 7% of delivery customers ordering wine or beer after the first three weeks.