Newcomer boosts sales for KFC owner
New burger chain Carl's Jr has provided a major boost to Restaurant Brands' third quarter sales.
The fast food franchise operator has reported a modest increase in sales for the 12 weeks to December, up just 0.5 per cent.
The figures include burger chain Carl's Jr for the first time. Restaurant Brands opened the first of its Carl's Jr stores in Mangere in late November, and saw sales of $90,000 in just five days.
A separate franchisee, Forsgren NZ, operates two Carl's Jr outlets in Auckland.
Sales across all the company's brands - KFC, Pizza Hut, Starbucks and Carl's Jr - were $72.2 million for the quarter, up $300,000 on the same time last year.
Aside from Carl's Jr the best performer in the period was Pizza Hut, which saw a 3.5 per cent increase in sales to $11.1m despite having 11 fewer stores compared with the third quarter of last year. The chain's same store sales were up 18.3 per cent.
Continuing the $4.90 Large Classics Pizza promotion provided a boost in a very competitive and crowded market, the company said. Pizza Hut also extended its $9.90 Large Favourites Pizza offer during the period.
Starbucks' sales fell by 6.9 per cent to $5.7m, while KFC sales rose 0.5 per cent to $55.4m.
Year-to-date sales were $238.9m, up $0.6m or 0.2 per cent on the prior year. Same store sales were up 1.3 per cent or $2.9m.
A second Carl's Jr store opens in Palmerston North today, and a third will open in the Metro Centre on Auckland's Queen Street in the new year.
The company has said that Carl's Jr could become a bigger seller than KFC.