RBD
17/12/2015 08:45
QUARTER
PRICE SENSITIVE
REL: 0845 HRS Restaurant Brands New Zealand Limited
QUARTER: RBD: Restaurant Brands' Third Quarter Sales
17 December 2015
NZX
Restaurant Brands'
Third Quarter Sales up 9.4%
Restaurant Brands' total sales for the third quarter of the financial year
(12 weeks ended 7 December 2015) were $88.7 million, an increase of 9.4% or
$7.6 million on the equivalent period last year.
Of the total increase, KFC contributed $3.8 million, driven by solid same
store sales growth. Carl's Jr. contributed a further $4.0 million, mostly
from higher store numbers following the acquisition of seven Auckland-based
Carl's Jr. stores in December 2014.
Same store sales for the company were up 3.7%, led by KFC which grew 3.7%.
Starbucks Coffee sales were up 6.6% and Pizza Hut up 4.2%. Carl's Jr. was
slightly down by 2.5%.
KFC
Total sales for KFC were $64.5 million, up $3.8 million or 6.2%, rolling over
9.8% growth the previous year.
Same store sales were up by 3.7% rolling over a high 10.8% same store growth
figure from the same period last year. Same store sales have eased back
slightly as the business is rolling over double digit growth in the previous
year. Successful promotions in the quarter were the innovative Sour Cream &
Sweet Chilli burger and the return of the very popular Surf Safe Buckets with
a $1 donation to Surf Life Saving New Zealand for every bucket sold.
Year to date sales for KFC were $217.6 million, an increase of 10.0% on prior
year and up 7.2% on a same store basis.
Store numbers decreased by one to 91 during the quarter with the closure of
the loss-making Kaikohe store.
Pizza Hut
Total sales for Restaurant Brands' Pizza Hut stores were $10.4 million for
the quarter, a decrease of 3.9% on the equivalent period last year, due to
having six fewer stores as the company continued its strategy of selling
lower volume stores to independent franchisees and closing one more store of
the remaining Red Roof dine in restaurant format.
Same store sales for the quarter increased 4.2% compared to a 5.8% growth in
the same quarter of the prior year benefiting from the launch of a new mobile
friendly Pizza Hut website.
Year to date sales for Pizza Hut were $35.0 million, a decrease of 6.3% in
total (six fewer stores than the previous year) and up 0.9% on a same store
basis.
There were 41 company stores at the end of the quarter versus 47 in the prior
year. There are now 47 Pizza Hut stores operated by independent franchisees
with the Dannemora and Mt Eden stores sold to independent franchisees in the
quarter. Additionally the Rotorua Red Roof dine in restaurant was closed
over the period.
As a brand Pizza Hut continues to grow strongly with the total network sales
for the quarter at $20.1 million (up 7.0%). Year to date sales for the
entire network are $65.9 million (up 6.8%).
Starbucks Coffee
Starbucks Coffee total quarterly sales were $6.2 million, up $0.3 million or
5.7% on the equivalent period last year.
Same store sales were up 6.6% (rolling over a 4.9% increase in the prior
year). The brand continues to see growth in sales driven by better value and
improved customer experience initiatives implemented over the past two years.
Year to date sales for Starbucks Coffee were $20.2 million, an increase of
5.3% on a total basis and up 7.3% on a same store basis.
Store numbers remained steady during the quarter at 26.
Carl's Jr.
Total Carl's Jr. sales for the quarter were $7.5 million, an increase of
110.3% on the equivalent period last year, largely because of the increase in
store numbers with 9 new and acquired stores added to the portfolio since the
equivalent period last year.
On a same store basis sales were down 2.5% with the brand showing positive
growth for some stores and other stores still rolling over high opening
period sales.
The brand is building awareness and customer loyalty across the network,
which comprised 18 stores at the end of the quarter and one new store planned
to open in the fourth quarter.
For further information please contact
Russel Creedy Grant Ellis
CEO CFO/Company Secretary
Phone: 525 8700 Phone: 525 8700
ENDS
RESTAURANT BRANDS NEW ZEALAND LIMITED
Quarterly Sales Report
Summary of Results for the 3rd Quarter (Q3)
(for the 12 weeks 15/09/2015 to 07/12/2015)
2015/16 ($000's) 2014/15 ($000's) % change
Q3 2015/16 vs Q3 2014/15
Total Store Sales - KFC 64,470 60,716 6.2%
Total Store Sales - Pizza Hut 10,440 10,866 -3.9%
Total Store Sales - Starbucks Coffee 6,240 5,902 5.7%
Total Store Sales - Carl's Jr. 7,548 3,589 110.3%
Total Store Sales 88,698 81,073 9.4%
Same Store Sales - KFC 61,633 59,417 3.7%
Same Store Sales - Pizza Hut 10,137 9,729 4.2%
Same Store Sales - Starbucks Coffee 6,226 5,840 6.6%
Same Store Sales - Carl's Jr. 3,499 3,589 -2.5%
Total Same Store Sales 81,495 78,575 3.7%
YTD 2015/16 vs YTD 2014/15
Total Store Sales - KFC 217,642 197,824 10.0%
Total Store Sales - Pizza Hut 34,983 37,352 -6.3%
Total Store Sales - Starbucks Coffee 20,151 19,130 5.3%
Total Store Sales - Carl's Jr. 25,936 12,435 108.6%
Total Store Sales 298,712 266,741 12.0%
Same Store Sales - KFC 208,114 194,089 7.2%
Same Store Sales - Pizza Hut 34,006 33,703 0.9%
Same Store Sales - Starbucks Coffee 20,095 18,728 7.3%
Same Store Sales - Carl's Jr. 11,745 12,435 -5.5%
Total Same Store Sales 273,960 258,955 5.8%
NUMBER OF STORES OPEN AT QUARTER END
Qtr End no of Stores - KFC 91 91 0
Qtr End no of Stores - Pizza Hut 41 47 -6
Qtr End no of Stores - Starbucks Coffee 26 26 0
Qtr End no of Stores - Carl's Jr. 18 9 9
Total Stores 176 173 3
End CA:00275262 For:RBD Type:QUARTER Time:2015-12-17 08:45:25
