KFC continues to be the generator of most sales and turnover for owner Restaurant Brands as the Starbucks Coffee chain continues to disappoint.
Restaurant Brands yesterday released its third-quarter sales, which showed total sales across the company's four brands - including Carl's Jr for the first time - were $72.2 million for the 12 weeks ended December 3, an increase of 0.5% or $300,000 on the previous corresponding period.
KFC total sales increased 0.5% in the quarter to $55.4 million, Pizza Hut sales increased 3.5% to $11.1 million and Starbucks sales fell nearly 7% to $5.7 million.
Carl's Jr sales generated $90,000 of sales in five days of trading of the Mangere outlet. A new outlet opened yesterday in Palmerston North.
KFC same store sales were up 1.2%. Starbucks had a same store decline of 2.8% but Pizza Hut saw a significant increase of 18.3%.
Year-to-date total sales were $238.9 million, up $600,000 or 0.2%. Year-to-date same store sales were up 1.3%, or $2.9 million, on the previous period.
At the end of the quarter, Restaurant Brands had a total of 179 stores, down 16 on the previous period.
