NZ Herald
  • Home
  • Latest news
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather forecasts

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Budget 2025
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
    • Cooking the Books
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • What the Actual
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business / Small Business

Restaurant Brands profit jumps 208% from $11.2m to $34.5m

Rahul Bhattarai
By Rahul Bhattarai
Multimedia business journalist - NZ Herald·NZ Herald·
23 Aug, 2021 09:51 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Restaurant Brands' result is out today. Photo / Dean Purcell

Restaurant Brands' result is out today. Photo / Dean Purcell

Fast food giant Restaurant Brands has taken an even bigger bite into New Zealand's growing fast food market, with its bottom line profit up 208 per cent from $11.2 million to $34.5m.

The owner of KFC, Pizza Hut, Carl's Jr and Taco Bell restaurants in New Zealand, Australia, Hawaii and California has reported its half-year earnings to June 30, 2021.

The business is also planning to open up four new Taco Bell stores and two KFC stores.

The group reported sales revenue of $540.6m up from $383.4m on the previous half a year period in 2020.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

The company said this is the result of the inclusion of the California business in 2021 but it suffered the adverse impact of Covid-19 in 2020.

The brands' earnings before interest, tax, depreciation and amortisation (ebitda) were up by $26.5m to $89.9m, of which $12.7m came from the inclusion of a maiden profit from the new California division.

In New Zealand, the store sales were up by 37 per cent, taking it to $239.3m. Its KFC and Carl's Jr stores brought in the most sales, with Taco Bell sales being relatively small with only five stores in New Zealand.

The group said seven of its stores were sold to independent franchise operators and it opened two new stores by independent franchisees over the first half-year.

Advertisement
Advertise with NZME.

The Pizza Hut network now stands at 105 outlets.

The group reported that despite the impact of Covid-19 it will continue to open up more stores in the second half of the year globally, but the uncertainty due to recent lockdowns in Australia and New Zealand made it difficult to provide profit guidance.

"The overall business continues to deliver solid results across all geographic markets and this strong performance has carried over into the second half of the year.

"However, while current trading remains strong across all divisions, the prevailing uncertainties with Covid-19, particularly in the Australian and most recently the New Zealand markets make it difficult to provide firm profit guidance," the company reported.

Discover more

Shares

Market close: NZ sharemarket posts biggest daily rise this year

19 Aug 05:38 AM
Markets

Market close: NZ shares plunge as Covid case unnerves investors

17 Aug 05:43 AM
Business

Jarden Brief: F&P Healthcare continues to slide

12 Aug 07:55 PM
Healthcare

Strong start to annual results fails to lift NZ sharemarket

12 Aug 05:22 AM

The result includes $77.3m in sales and $12.7m of brand EBITDA from the newly acquired California division.

"This, combined with the adverse effect of Covid-19 on the 1H 2020 results, compromises the opportunity for direct comparisons between the two half years' reported results.

"Comparisons at a reported profit level are further distorted by the recognition of $11.4m ($US8.1m) in relation to the PPP loan drawn down last year at the beginning of the Covid-19 pandemic, that was forgiven during the period," the company said.

Total store sales hit a new high of $540.6m, up to $157.2m or 41 per cent on 1H 2020, thanks to the inclusion of $77.3m in sales from the California business (acquired in September 2020). Strong same-store sales growth from the other divisions also contributed.

The group reported that it now has a total of 350 stores globally 60 more since the first half of 2020.

In New Zealand, it has 132 RBD-owned stores and 73 in Hawaii, 69 in California and 76 in Australia.

Advertisement
Advertise with NZME.

In Australia, the business contributed total sales of $123m which were up 37.9 per cent from $16.3m. It also bought five additional KFC stores in February this year including a Taco Bell store.

In Hawaii, for the same period, the sales were $104.72m (US$72.7m )which was up by 15.8 per cent from $16.8m (US$11.6m).

The company reported the "stagnant" sales of Taco Bell while Pizza Hut's sales "flourished".

In California, the group saw a 16.5 per cent increase in sales taking it to $80m (US$55.2m).

The group also reported that its bank debt at the end of the half-year was down to $222.3m compared to $235.6m at the previous year-end.

As of June 30, 2021, the group had bank debt facilities totalling $357m available.

Advertisement
Advertise with NZME.

Cash and cash equivalents decreased by $8.5m during the period resulting in net debt reducing by $4.8m to $195.1m over the half-year.

Save

    Share this article

Latest from Small Business

Premium
Property

From Ikea to Kmart: The biggest building projects taking shape in Auckland

20 May 05:00 PM
Premium
Small Business

Small Business: Salt, surf and saving the ocean with Gypsea Sol

18 May 05:00 PM
Premium
Retail

NZ fishing rod pioneer returns with innovative tech for new venture

16 May 12:00 PM

The Hire A Hubby hero turning handyman stereotypes on their head

sponsored
Advertisement
Advertise with NZME.

Latest from Small Business

Premium
From Ikea to Kmart: The biggest building projects taking shape in Auckland

From Ikea to Kmart: The biggest building projects taking shape in Auckland

20 May 05:00 PM

Huge new retail outlets opening this year and next are set to change Auckland's shops.

Premium
Small Business: Salt, surf and saving the ocean with Gypsea Sol

Small Business: Salt, surf and saving the ocean with Gypsea Sol

18 May 05:00 PM
Premium
NZ fishing rod pioneer returns with innovative tech for new venture

NZ fishing rod pioneer returns with innovative tech for new venture

16 May 12:00 PM
Premium
Gin, lavender, and life for a Lotto executive

Gin, lavender, and life for a Lotto executive

14 May 09:00 PM
Gold demand soars amid global turmoil
sponsored

Gold demand soars amid global turmoil

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • What the Actual
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven CarGuide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP