Ann: QUARTER: RBD: Restaurant Brands' First Q

• Release Date: 29/05/13 13:14
• Summary: QUARTER: RBD: Restaurant Brands' First Quarter Sales
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RBD
29/05/2013 11:14
QUARTER

REL: 1114 HRS Restaurant Brands New Zealand Limited

QUARTER: RBD: Restaurant Brands' First Quarter Sales

29 May 2013
NZX

Restaurant Brands' First Quarter Sales up 3.9%

Restaurant Brands' total sales across the company's four brands during the
first quarter (12 weeks ended 20th May 2013) were $73.3 million, an increase
of 3.9% or $2.8 million on the equivalent period last year.

The new Carl's Jr. brand of burger restaurants, launched in November 2012 was
the largest contributor to the sales increase at $2.3 million with three
stores trading for most of the quarter.

KFC total sales increased 0.1% in the quarter. Starbucks Coffee sales
decreased 5.1% and Pizza Hut sales were up 6.7%.

Same store sales for the company were up 3.2% with KFC showing a small
decrease of 0.9%,  Starbucks Coffee up 1.7% and Pizza Hut well up with 28.6%
growth.

KFC

Total sales for KFC were steady, increasing by 0.1% or $0.1 million to $54.1
million (compared with a 3.1% decrease in the prior year on the back of the
very successful Double Down launch in 2011/12). Same store sales showed a
decline of 0.9%.

A full range of promotions were run in the quarter including the extension of
the popular Double Down range to include the new Zinger Double Down with
Chilli Relish variant.

Pizza Hut

Total sales for Pizza Hut were up 6.7% or $0.7 million to $11.3 million
(compared with flat growth in the prior year). This result is with 12 fewer
stores as the company has continued its strategy of selling regional and
lower volume stores to independent franchisees.

Same store sales for the quarter increased by 28.6%. Over the last four
quarters the rate of same store sales growth has continued to increase since
the launch of the Large Classics Pizza Range part way through Q1 in 2012/13
and the Large Favourites Pizza Range in Q2 of 2012/13.

Promotions in the quarter included the $1.00 Stuffed Crust Pizza followed by
the Hot Dog Stuffed Crust Pizza and the limited time Meat Lovers BBQ
promotion.

Company stores reduced in number from 69 a year ago to 57 at the end of the
quarter with 26 Pizza Hut stores now operated by independent franchisees.
There were no Company stores sold over the quarter.

Total Pizza Hut system sales (including those of independent franchisees)
totalling 83 stores were $16.2 million for the quarter, up 28.5% in total and
up 29.2% on a same store basis.

Starbucks Coffee

Starbucks Coffee total quarterly sales were $5.6 million, down $0.3 million
or 5.1%. The brand had five less stores than prior year, two as a result of
earthquake related closures in Christchurch, and three stores with low sales
closed at the end of their leases.

Same store sales were up 1.7% (compared with a 0.9% decrease in the prior
year). This is a continuation of the growth in sales that has been driven by
the value strategy and improved customer experience initiatives implemented
in the middle of 2012/13.

Successful promotions run in the period were the Cookie Crumble Frappuccino
Range, which held particular appeal with consumers over the extended hot
summer experienced this year.

Carl's Jr.

A third Carl's Jr. store opened in Queen Street, Auckland on 28 February
2013, adding to the existing stores at Mangere and Palmerston North.

The fourth store in Frankton, Hamilton, opened on 16 May 2013 and achieved a
weekly sales record for any store operated by the company.

Sales for the quarter were $2.3 million, $0.5 million higher than the last
quarter.

The Memphis BBQ Burger and the Hokey Pokey Milkshake promotions continued to
be a success this quarter with consistently strong sales since launch.

For further information please contact

Russel Creedy  Grant Ellis
CEO  CFO/Company Secretary
Phone: 525 8710  Phone: 525 8710

ENDS

RESTAURANT BRANDS NEW ZEALAND LIMITED
Quarterly Sales Report

 Summary of Results for the 1st Quarter (Q1)
(for the 12 weeks 26/2/2013 to 20/5/2013)

 2013/14 ($000's) 2012/13 ($000's) % change
Q1 2013/14 vs Q1 2012/13

Total Store Sales - KFC  54,141   54,066  0.1%
Total Store Sales - Pizza Hut  11,299 10,585 6.7%
Total Store Sales - Starbucks Coffee  5,614   5,917  -5.1%
Total Store Sales - Carl's Jr. 2,295 -    n/a

Total Store Sales  73,349   70,568  3.9%

Same Store Sales - KFC 52,769  53,249  -0.9%
Same Store Sales - Pizza Hut  11,294   8,780  28.6%
Same Store Sales - Starbucks Coffee  5,588   5,492  1.7%
Same Store Sales - Carl's Jr.  -     -   n/a

Total Same Store Sales 69,651  67,521  3.2%

YTD 2013/14 vs YTD 2012/13

Total Store Sales - KFC  54,141   54,066  0.1%
Total Store Sales - Pizza Hut  11,299 10,585 6.7%
Total Store Sales - Starbucks Coffee  5,614   5,917  -5.1%
Total Store Sales - Carl's Jr. 2,295 -    n/a

Total Store Sales  73,349   70,568  3.9%

Same Store Sales - KFC 52,769  53,249  -0.9%
Same Store Sales - Pizza Hut  11,294   8,780  28.6%
Same Store Sales - Starbucks Coffee  5,588   5,492  1.7%
Same Store Sales - Carl's Jr.  -     -   n/a

Total Same Store Sales 69,651  67,521  3.2%

NUMBER OF STORES OPEN AT QUARTER END

Qtr End no of Stores - KFC  89 88 1
Qtr End no of Stores - Pizza Hut 57 69 -12
Qtr End no of Stores - Starbucks Coffee 29 34 -5
Qtr End no of Stores - Carl's Jr. 4   -   4

Total Stores 179 191 -12
End CA:00236789 For:RBD    Type:QUARTER    Time:2013-05-29 11:14:27