• Strong sales boost Restaurant Brands NZ '01 profits

WELLINGTON, New Zealand -- Restaurant Brands NZ Ltd., operator of 201 Pizza Hut, KFC and Starbucks stores throughout New Zealand reported a 24 percent increase in profits over last year of NZ$12.2 million, versus NZ$9.81 million.

Earnings were driven by a combined 12.7 percent rise in sales at all three brands.

The company's Pizza Hut stores recorded an EBITDA margin of 11.4 percent, 2.8 percent over the prior year.

Restaurant Brands' total sales for the fourth quarter (ended Dec. 3) this year were particularly strong, up 11.8 per over last year. Sales totalled NZ $62 million, versus $56 million last year. Pizza Hut's sales, were particularly strong, up 16.1 percent .

According to a company release, "Both Pizza Hut and Starbucks are expected to continue to grow," the company said.

The company declared a final dividend of NZ 8 cents a share, up from 5.5 cents last year.

The company has changed its balance date to Feb. 28, and, therefore, is expected to report a 15-month earnings report.

Related Content

User Comments – Give us your opinion!
Products & Services

AquaCafe

http://global.networldalliance.com/new/images/products/6965.png

6965/AquaCafe

Nationwide Criminal Records

http://global.networldalliance.com/new/images/products/Criminal_Search_iix.gif

1427/Nationwide-Criminal-Records

Self Serve iPad Ordering

http://global.networldalliance.com/new/images/products/5605.png

5605/Self-Serve-iPad-Ordering

Thr!ve Point-of-Sale

http://global.networldalliance.com/new/images/products/6811.png

6811/Thr-ve-Point-of-Sale

Customized Menu Board Content

http://global.networldalliance.com/new/images/products/6689.png

6689/Customized-Menu-Board-Content

Advanced Wireless

http://global.networldalliance.com/new/images/products/6635.png

6635/Advanced-Wireless

See the latest in restaurant POS

http://global.networldalliance.com/new/images/products/1926.png

1926/See-the-latest-in-restaurant-POS

DriverAdvisor Fleet Monitoring

http://global.networldalliance.com/new/images/products/DriverAdvisor_iix.gif

1425/DriverAdvisor-Fleet-Monitoring

FireFly Point-of-Sale

http://global.networldalliance.com/new/images/products/4282.png

4282/FireFly-Point-of-Sale

Javarama coffee

http://global.networldalliance.com/new/images/products/6961.png

6961/Javarama-coffee

Digital Menu Boards and ROI
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.