New Zealand fastfood company Restaurant Brands has said that a weak sales performance at its KFC stores will cut its second-half net profit by NZ$2m (US$1.3m) from a year-earlier profit of $6.1m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The company, which also operates the Pizza Hut and Starbucks brands in New Zealand, said that since its first-half profit announcement in October, “the company’s KFC business has experienced a downturn in sales, which has been a reversal of the improving trend experienced over the previous three quarters,” reported Dow Jones News.


For the first half the company posted a near 15% drop in six-month net profit to $4.3m.


Restaurant Brands said third-quarter same-store KFC sales were likely to be 7.5% lower than in the year-ago period.


The company said its Pizza Hut and Starbucks brands continued to perform close to expectations.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

 

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now