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


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 - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now