WITH a name like yours hope not to meet you @ KFC..
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It's okay, I'm really very presentable. But don't worry, chances are slim - I only go to KFC maybe twice a year now that the young fella's taste has turned to pizza.
Very dissapointing announcement, but then who would want to be a CEO of a company that will be sold at any day at the right price. I also agree with the advertisements. Maybe they should get a new advertising person for RBD. I will reveiw my RBD holding, may sell it down. What a joke :confused::mad:
Restaurant Brands have reported second quarter sales across its three New Zealand businesses up 5.8 per cent to $93.6 million, with same store sales up 5 per cent.
- Sales at KFC were up $6.3m in the second quarter to $60.7m. On a same store basis KFC sales were up 9.3 per cent for the quarter.
- Sales at Pizza Hut New Zealand during the second quarter were $23.1m, with same store sales declining 4%. A substantial improvement on the 8% decline in same store sales in the first quarter of the year.
- Starbucks Coffee delivered the 15th consecutive quarter of sales growth, increasing to $9.9m, with same store growth of 2.8 per cent.
NZ Herald - Restaurant Brands turns things around in Q2
Mr Chips would like to thank Mr KFC for the Total Store Sales increase of 11.7%..
Sales up slightly but no announcement about profits which in my opion will have fallen further otherwise they would be trumpeting the fact of a profit increase
The market seems to view the result positively, up 2 cents today. Wonder if they can sustain the growth pattern or is it just a one off.
Pick the positives - don't worry about the negatives
I am more of a med-long term investor, so I usually buy undervalued stocks with potential for future growth. I do have some RBD that I got above 90 cents. The current board and management hasnt given me confidence to accummulate more shares. RBD will eventually need a leader with vision and leadership to grow RBD after it restructures.