Aust KFC sales help lift franchisor profit

Restaurant Brands’ first-half underlying profit has risen 14.4 per cent to $NZ25 million ($A20.3 million), helped by a jump in earnings from the fast food franchisor’s Australian KFC stores.

Sales from Restaurant Brands’ 61 Australian KFC outlets rose 4.2 per cent to $A99.5 million and their earnings rose 5.7 per cent, which the company says was in part due to store upgrades and digital channels.

The firm was hit by a downturn at its NZ Pizza Hut restaurants due to competition from other stores and food delivery services but, once one-off items and the effect of changed accounting standards have been stripped out, Restaurant Brands said it had performed strongly and expected that to continue through the remainder of FY20.


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