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Article: RESTAURANT BRANDS NEW ZEALAND; Growth sliced by Pizza Hut
- Article from:
- The Press
- Article date:
- May 30, 2007
- Author:
CopyrightCopyright 2007 The Press. Provided by ProQuest LLC. (Hide copyright information)
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Restaurant Brands New Zealand has served up more of the same in
the first quarter -- strong sales at its KFC outlets, but sagging
Pizza Hut figures.
Pizza Hut has been battling increased competition in the market --
particularly from Domino's, which has moved aggressively into this
country, chairman Ted van Arkel said yesterday.
"The (Pizza Hutt) business continues to implement significant
operational changes as part of the strategy to return to profitable
growth in a very competitive market."
Sales across the Auckland listed fast-food group were $70.5
million for the 12 weeks to May 21, 4.1 per cent firmer on figures
for the same 2006 period. Same- store sales rose 4.4%.
However, Pizza ...