McDonald's NZ revenue up, profits flat
posted on 17th June 2015
McDonald's New Zealand has reported a 2 percent rise in revenue at a time when the global operations have dropped by the same amount. The figures relate only to company-owned stores and other revenue, including royalties paid by franchisees, and do not include sales made through franchised outlets - the majority of stores in New Zealand.
McDonald's new global chief executive, Steve Easterbrook, unveiled a major restructuring plan last month that aims to improve the Golden Arches' poor recent performance.
The company is hoping to save US$300 million a year by 2017 by selling more than 3000 company-owned outlets to franchisees, which would increase the proportion of franchise-run outlets globally to 90 per cent from around 80 per cent currently.
McDonald's New Zealand managing director Patrick Wilson was unavailable for comment today.
Company spokesman Simon Kenny said there had been "no material impact" from the restructuring in this country so far.
"It's been business as usual since the announcement," he said.
Restaurant Brands - whose businesses include Pizza Hut, KFC and Carl's Jr - posted a 9.2 per cent lift in sales, to $359.5 million, for the year to March 2.
Its profit jumped 19.4 per cent to $23.8 million.
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