Restaurant Brands up 3.2% on same-store sales

posted on 29th May 2013

Carl's Jr added $2.3 million to Restaurant Brands' first quarter sales while Pizza Hut saw same-store sales jump a massive 28.6 percent after new promotions kicked in. However, the company has franchised 12 regional and lower volume stores which may also impact upon this figure.

Sales at its 179 stores increased by $2.8 million to $73.3 million in the 12 weeks ended May 20, from the year earlier period, the Auckland-based company says in a statement. The addition of three Carl's Jr stores during the period added $2.3 million to sales. On a same-store basis, total sales rose 3.2 percent.

Shares in Restaurant Brands gained 1 percent to $3.03.

Read more at http://www.nbr.co.nz/articl...

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