Restaurant Brands expects its current positive sales trends to continue for the rest of the financial year, and for annual net profit to exceed the $20 million it reported last year.
The company told Thursday's annual shareholders' meeting it also expects to accelerate its KFC store transformation programme, which will be completed within two to three years.
"The last quarter of last year and the first quarter of this year have certainly been quite solid trading periods for all the brands and we've seen KFC deliver a first quarter solid ... result, and that trend, we're pretty confident, is going to continue for the year," chief executive Russel Creedy said.
"With that in mind, KFC being the biggest driver of Restaurant Brands' profit, we're confident that the net profits ... will be in excess of $20 million for the year."
The company was always looking at new ways to do things, and at ways to minimise wastage, he said.
"Certainly, in the retail industry, it's all about the details and being very tight and close to suppliers, and what margins we are making, and trends that competitors are doing."
"So it's all about being very tight every day."
A transformation programme for the KFC chain, which was started about eight years ago, would be completed in the next two to three years, which mean the amount of capital required would decrease, Mr Creedy said.
