- Release Date: 05/03/14 12:54
- Summary: QUARTER: RBD: Restaurant Brands' Fourth Quarter Sales
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RBD 05/03/2014 10:54 QUARTER REL: 1054 HRS Restaurant Brands New Zealand Limited QUARTER: RBD: Restaurant Brands' Fourth Quarter Sales 5 March 2014 NZX Restaurant Brands' Fourth Quarter Sales up 6.4% Restaurant Brands' total sales across the company's four brands during the fourth quarter (12 weeks ended 24 February 2014) were $77.6 million, an increase of 6.4% or $4.7 million on the equivalent period last year. The Carl's Jr. brand of burger restaurants, launched in November 2012 was a key contributor to the sales increase at $1.9 million with KFC contributing $2.7 million. Same store sales for the company were up 3.5% with strong growth in KFC which grew 4.1%. Starbucks Coffee was up 7.6% and Pizza Hut up 8.9%. Carl's Jr was down 59.1% as it rolled over very high new store opening sales in the two stores opened last year. KFC Total sales for KFC increased by 5.0% or $2.7 million to $56.9 million over the quarter (compared with a 1.8% increase in the prior year). Same store sales increased by 4.1%. The strong sales increase was driven by the launch of a new menu, in particular around family meals. The Christmas promotional activity and the release of the Real Kahuna Burger both proved popular over the period. Full year sales for KFC were $241.5 million, an increase of 1.9% on a total basis and up 0.2% on a same store basis. Pizza Hut Total sales for Pizza Hut were slightly down on last year at $10.8 million (compared with a 6.9% increase in the prior year). This result is with six (11%) fewer stores as the company continues its strategy of selling regional and lower volume stores to independent franchisees. Same store sales for the quarter increased by 8.9% 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 promotion in the quarter including the Moroccan Pizza range. There were 51 company stores at the end of the quarter versus 57 in the prior year with 33 Pizza Hut stores now operated by independent franchisees. The Timaru store was the only company store sold over the quarter with six stores sold over the full year. Full year sales for Pizza Hut were $48.4 million, an increase of 1.1% on a total sales basis and up 15.3% on a same store basis. Starbucks Coffee Starbucks Coffee total quarterly sales were $6.2 million, up $0.2 million or 2.7%, despite having two fewer stores than the prior year. Same store sales were up 7.6% (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. Starbucks Christmas range continued to be well received by Starbucks Coffee customers and helped maintain sales momentum. Full year sales for Starbucks Coffee were $25.0 million. This was a decrease of 0.3% in total, but an increase of 5.7% on a same store basis. There were no store changes during the period with total stores at the end of the quarter numbering 27. Carl's Jr. The Carl's Jr. brand saw no new stores opening in this quarter with current company store numbers at eight, six up on the fourth quarter of the prior year. Whilst same store sales were down 59.1% as the brand rolled over very strong openings from last year, total sales for the fourth quarter were up 107.8% to $3.7 million driven by new store openings and a successful Hawaiian Teriyaki Burger promotion. Full year sales were $14.3 million, up $12.4 million on prior year. Annual Profit Announcement The company will announce its full year results on 10 April. 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 See attachment. End CA:00247839 For:RBD Type:QUARTER Time:2014-03-05 10:54:45
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