RBD
28/05/2014 10:12
QUARTER
REL: 1012 HRS Restaurant Brands New Zealand Limited
QUARTER: RBD: Restaurant Brands' First Quarter Sales
28 May 2014
NZX
Restaurant Brands' First Quarter Sales up 5.9%
Restaurant Brands' total sales during the first quarter (12 weeks ended 19
May 2014) were $77.7 million, an increase of 5.9% or $4.3 million on the
equivalent period last year, with all four brands recording positive sales
growth.
Of the total increase in sales KFC was the key contributor at $2.8 million
with Carl's Jr. contributing a further $1.4 million.
Same store sales for the company were up 4.3% with strong growth in KFC which
grew 5.0%. Starbucks Coffee was up 5.5% and Pizza Hut up 9.3%. Carl's Jr was
down 36.2% as it rolled over very high new store opening sales in the four
stores open in the prior year.
KFC
Total sales for KFC increased by 5.2% or $2.8 million to $56.9 million over
the quarter (compared with 0.1% growth the year before).
Same store sales increased by 5.0%. The strong sales increase was driven by
the launch of a new menu, in particular around family meals. The sponsorship
of the New Zealand Super Rugby franchises and associated promotions such as
the Kiwi Onion Dip burger were highly successful for the brand in the
quarter.
Store numbers increased by one during the quarter to 91 with the purchase of
the KFC at Mt. Maunganui, previously an independently franchised store.
Pizza Hut
Total sales for Pizza Hut were in line with last year at $11.3 million
(compared with a 6.7% increase in the prior year). This result is with seven
(12.3%) fewer stores as the company continued its strategy of selling
regional and lower volume stores to independent franchisees.
Same store sales for the quarter increased by 9.3% on top of a 28.6% growth
in the same quarter of the prior year. This growth has been sustained by the
continuing value offer and successful promotions in the quarter including the
popular Hot Dog Stuffed Crust.
There were 50 company stores at the end of the quarter versus 57 in the prior
year with 34 Pizza Hut stores now operated by independent franchisees. The
Newtown store was sold to an independent franchisee during the quarter.
Starbucks Coffee
Starbucks Coffee total quarterly sales were $5.7 million, up $0.1 million or
2.2%, despite having two fewer stores than the prior year.
Same store sales were up 5.5% (compared with a 1.7% increase in the prior
year). This is a continuation of the growth in sales that has been driven by
better value and improved customer experience initiatives implemented in the
middle of 2012/13.
Successful promotions for Starbucks Coffee in the quarter were the Mocha
Cookie Crumble Range, which held particular appeal with consumers and helped
maintain sales momentum.
There were no store changes during the period with total stores at the end of
the quarter numbering 27.
Carl's Jr.
Total Carl's Jr. sales for the first quarter were up 59.7% to $3.7 million
driven by new store openings, whilst same store sales were down 36.2% as the
brand rolled over very strong openings from last year.
The Carl's Jr. brand saw no new stores opening in this quarter with current
company store numbers at eight, four higher than the first quarter of the
prior year. A new store has opened in Gisborne in the first week of quarter
two with three more stores planned to open this fiscal year.
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 25/02/2014 to 19/05/2014)
2014/15 ($000's) 2013/14 ($000's) % change
Q1 2014/15 vs Q1 2013/14
Total Store Sales - KFC 56,936 54,141 5.2%
Total Store Sales - Pizza Hut 11,330 11,299 0.3%
Total Store Sales - Starbucks Coffee 5,736 5,614 2.2%
Total Store Sales - Carl's Jr. 3,665 2,295 59.7%
Total Store Sales 77,667 73,349 5.9%
Same Store Sales - KFC 55,812 53,178 5.0%
Same Store Sales - Pizza Hut 11,323 10,364 9.3%
Same Store Sales - Starbucks Coffee 5,701 5,402 5.5%
Same Store Sales - Carl's Jr. 1,464 2,295 -36.2%
Total Same Store Sales 74,300 71,239 4.3%
YTD 2014/15 vs YTD 2013/14
Total Store Sales - KFC 56,936 54,141 5.2%
Total Store Sales - Pizza Hut 11,330 11,299 0.3%
Total Store Sales - Starbucks Coffee 5,736 5,614 2.2%
Total Store Sales - Carl's Jr. 3,665 2,295 59.7%
Total Store Sales 77,667 73,349 5.9%
Same Store Sales - KFC 55,812 53,178 5.0%
Same Store Sales - Pizza Hut 11,323 10,364 9.3%
Same Store Sales - Starbucks Coffee 5,701 5,402 5.5%
Same Store Sales - Carl's Jr. 1,464 2,295 -36.2%
Total Same Store Sales 74,300 71,239 4.3%
NUMBER OF STORES OPEN AT QUARTER END
Qtr End no of Stores - KFC 91 89 2
Qtr End no of Stores - Pizza Hut 50 57 -7
Qtr End no of Stores - Starbucks Coffee 27 29 -2
Qtr End no of Stores - Carl's Jr. 8 4 4
Total Stores 176 179 -3
End CA:00250957 For:RBD Type:QUARTER Time:2014-05-28 10:12:21
