Positive Same-Store Sales for Restaurant Brands

Restaurant Brands’ same-store sales in New Zealand were up 3 percent for the quarter, despite nearly three weeks of delivery and drive-through trading only.

KFC and Carl’s Jr.’s strong performance after the government lifted its COVID-19 restrictions helped boost the company’s same-store sales. Total sales, however, fell $76.6 million, a decrease of 28.8 percent on the equivalent period last year, as a result of the government-mandated full-store closures to stem the spread of the coronavirus.

Year to date sales for New Zealand were $174.6 million, a decrease of 15.7 percent in total, but up 2.7 percent on a same store basis. Total year to date sales were $383.4 million, a 3.2 per cent decrease on the prior year; however on a same store basis, removing the impact of stores closed because of the COVID-19 crisis, all divisions recorded growth despite these disruptions.

Store numbers in the country also increased during the quarter to 150, with openings of a KFC in Christchurch CBD and a Taco Bell in Auckland CBD.