|End-of-day quote - 06/23|
Restaurant Brands New Zealand : Total Sales Impacted By COVID-19 During Second Quarter
|08/12/2020 | 08:53pm|
Restaurant Brands' second quarter sales were materially impacted by Government-mandated trading restrictions implemented in response to the COVID-19 crisis. All stores in New Zealand were closed between 25 March and 28 April, and then only open for delivery and drive through until 14 May. Australian stores operated without dine-in for the quarter and 10 mall stores were closed for half of the quarter. Hawaiian stores operated without dine-in for the entire quarter.
Restaurant Brands' total sales for the second quarter of the financial year (three months to 30 June 2020) were $183.3 million, a decrease of $22.6 million or 11.0% on the equivalent period last year primarily due to the full closure of the New Zealand stores for most of April.
Total year to date sales were $383.4 million, a decrease of 3.2% on the prior year; however on a same store basis (removing the impact of stores closed because of the COVID-19 crisis) all divisions recorded growth despite these disruptions.
Company store numbers were up by three on the equivalent period last year to 290.
Restaurant Brands New Zealand Limited published this content on 29 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2020 00:52:07 UTC