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Fast-food sales rise $51m

The fast-food company that owns the local franchises for KFC, Pizza Hut, Taco Bell and Carl’s Jr, made an extra $51 million in sales in New Zealand last year, but estimates it lost about $26m of sales as a result of Covid-19. Restaurant Brands’ sales in New Zealand increased to $461.1m in 2021, from $410.4m in 2020, the company said in a statement to the NZX yesterday. The company estimates it lost $26m in sales in 2021 due to Government-mandated store closures, compared with $40m of lost sales in 2020. Sales of fast-food have proved popular during Covid-19, with New Zealand making international headlines when queues of cars lined up outside KFC and McDonald’s after the country’s Covid-19 alert levels were relaxed to allow takeaways.

Business

en-nz

2022-01-28T08:00:00.0000000Z

2022-01-28T08:00:00.0000000Z

https://stuff.pressreader.com/article/281732682873710

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