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KFC feeds Restaurant Brands sales

NZN 21/09/2016 Jonathan Underhill

Restaurant Brands New Zealand posted a 32 per cent gain in second-quarter sales, with the bulk of the increase coming from the 42 KFC stores in New South Wales acquired in April.

Sales rose by $38.6 million to $159.5 million in the 16 weeks to September 12, the Auckland-based company said. Same-store sales, which are those for outlets open at least 12 months, rose 2.1 per cent to $120.3m.

The Australian stores contributed $35.5m to the increase while KFC New Zealand added $3.3m.

Pizza Hut sales fell 9.1 per cent to $12.9m as the company sold seven stores to independent franchisees, reducing total outlets to 37. Franchisees now own 53 of the 90 stores in the Pizza Hut network.

Starbucks Coffee sales edged up 0.1 per cent to $7.8m while hamburger chain Carl's Jr, the company's newest brand, recorded a 10 per cent gain in sales to $11.4m as the number of stores rose by two to 20.

The company plans to release its first-half results on October 26.

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