New Zealand Pizza Hut owner turns profits around

 
Dec. 1, 2009
New Zealand based Restaurant Brands, operator of KFC, Starbucks and Pizza Hut brands in the area, has cut expenses and grown sales volume at its previously "money-hemorrhaging" Pizza Huts, according to Stuff.co.nz. The company expects to report a $5.8 million boost in profit on its third-quarter sales results.
The revised profit forecast was up 50 percent to $17.5 million.
 
From Stuff:
Pizza Hut was ‘not out of the woods yet,' but margins were better through increased efficiencies and greater sales volumes.
 
Growth in sales over the past few months had put their previous estimates to shame.
The long-term strategy for the pizza chain was to sell out of remote regional areas and focus on more central properties

Topics: Business Strategy and Profitability , Pizza Hut


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