Dual-listed fast-food franchise operator Restaurant Brands NZ says its Aussie fried chicken profits are on the rise, even as it cooks up a Tex-Mex expansion.
The Auckland-based company says third-quarter same-store sales at its Australian KFC outlets rose 2.4 per cent to $A33 million compared to the same period last year.
Restaurant Brands, which also added three Australian KFC stores in the three months to December 3 for a total 62, says total same-store year-to-date sales in Australia were up 3.8 per cent to $A100.1 million.
Total third-quarter sales at the company’s 284 global fast-food stores was $NZ181.5 million ($A172.4 million), an increase of 4.7 per cent on the equivalent period last year.
This includes include KFC, Pizza Hut, Starbucks franchises in NZ, and Taco Bell and Pizza Hut restaurants in Hawaii.
Restaurant Brands recently announced plans to bring 60 Taco Bell restaurants to Australia and New Zealand by 2024.
It follows a 50-store Taco Bell push from Brisbane-based Collins Foods.
Shares in Restaurant Brands were last trading on the ASX at $7.33, down from a June 2018 peak of $8.05.
Mexican investor Finaccess Capital currently has a 75 per cent takeover offer on the table for the company.