RB aims for $1b in sales

RESTAURANT Brands has met its sales forecast for 2018, with revenue rising 49 per cent to $740.8 million, as acquisitions in Hawaii and Australia bolstered earnings.

In June last year, chief executive Russel Creedy said the company expected to “comfortably” exceed revenue of $700m in the 2018 financial year and it was aiming to reach $1 billion in annual sales.

Yesterday, the company reported it had done that with fourth-quarter earnings, for the 12 weeks ended February 26, at $181.3m, a 49 per cent lift on the same period in 2017.