RBD
17/09/2014 09:23
QUARTER
REL: 0923 HRS Restaurant Brands New Zealand Limited
QUARTER: RBD: Restaurant Brands Second Quarter Sales
17 September 2014
NZX
Restaurant Brands' Second Quarter Sales up 5.8%
Restaurant Brands' total sales during the second quarter of the financial
year (16 weeks ended 8 September 2014) were $108.0 million, an increase of
5.8% or $5.9 million on the equivalent period last year.
Of the total increase in sales KFC was the key contributor at $5.0 million
with Carl's Jr. contributing a further $0.8 million.
Same store sales for the company were up 5.3% with strong growth in KFC which
grew 7.4%. Starbucks Coffee was up 4.7% and Pizza Hut up 7.6%. Carl's Jr. was
down 37.9% as it rolled over very high new store opening sales in the five
stores open in the prior year.
KFC
Total sales for KFC increased by 6.7% or $5.0 million to $80.2 million over
the quarter (compared with 2.4% growth the year before).
Same store sales increased by 7.4%. The strong sales increase continued to
be driven by the new menu, in particular around family meals launched late
last year. Strong promotions in the quarter were the return of the Double
Down including two new variants and the very popular Hot 'n Spicy campaign.
Year to date sales for KFC were $137.1 million, an increase of 6.1% on a
total basis and up 6.4% on a same store basis.
Store numbers decreased by one during the quarter to 90 with the closure of
the KFC in Taihape.
Pizza Hut
Total sales for Pizza Hut were slightly down on last year at $15.2 million
(compared with a 0.1% decrease in the prior year). This result is with three
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 7.6% on top of a 13.2% 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 free Stuffed Crust with a Meat Lovers pizza purchase.
Year to date sales for Pizza Hut were $26.5 million, a decrease of 0.3% on a
total basis and up 8.3% on a same store basis.
There were 49 company stores at the end of the quarter versus 52 in the prior
year with 35 Pizza Hut stores now operated by independent franchisees. The
Botany Downs store was sold to an independent franchisee during the quarter.
Starbucks Coffee
Starbucks Coffee total quarterly sales were $7.5 million, up $0.1 million or
1.8%, despite having two fewer stores than the prior year.
Same store sales were up 4.7% (compared with a 5.8% 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 over
the past two years.
Year to date sales for Starbucks Coffee were $13.2 million, an increase of
2.0% on a total basis and up 5.1% on a same store basis.
Store numbers decreased by one during the quarter to 26 with the closure of
the Starbucks Coffee store on Karangahape Road in Central Auckland.
Carl's Jr.
Total Carl's Jr. sales for the first quarter were up 19.6% to $5.2 million
driven by new store openings, whilst same store sales were down 37.9% as the
brand rolled over very strong openings from last year.
The Carl's Jr. brand had one new store open in the quarter in Gisborne
bringing total company store numbers to nine, four higher than the first
quarter of the prior year. Two more stores are planned to open this fiscal
year.
Half Year Results
The financial results for the first half year will be released on 23 October.
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 2nd Quarter (Q2)
(for the 16 weeks 20/05/2014 to 8/09/2014)
2014/15 ($000's) 2013/14 ($000's) % change
Q2 2014/15 vs Q2 2013/14
Total Store Sales - KFC 80,171 75,123 6.7%
Total Store Sales - Pizza Hut 15,156 15,278 -0.8%
Total Store Sales - Starbucks Coffee 7,492 7,361 1.8%
Total Store Sales - Carl's Jr. 5,182 4,333 19.6%
Total Store Sales 108,001 102,095 5.8%
Same Store Sales - KFC 78,586 73,164 7.4%
Same Store Sales - Pizza Hut 15,145 14,075 7.6%
Same Store Sales - Starbucks Coffee 7,458 7,124 4.7%
Same Store Sales - Carl's Jr. 2,689 4,333 -37.9%
Total Same Store Sales 103,878 98,696 5.3%
YTD 2014/15 vs YTD 2013/14
Total Store Sales - KFC 137,107 129,264 6.1%
Total Store Sales - Pizza Hut 26,486 26,577 -0.3%
Total Store Sales - Starbucks Coffee 13,228 12,976 2.0%
Total Store Sales - Carl's Jr. 8,846 6,628 33.5%
Total Store Sales 185,667 175,445 5.8%
Same Store Sales - KFC 134,398 126,342 6.4%
Same Store Sales - Pizza Hut 26,467 24,439 8.3%
Same Store Sales - Starbucks Coffee 13,159 12,526 5.1%
Same Store Sales - Carl's Jr. 4,153 6,628 -37.3%
Total Same Store Sales 178,177 169,935 4.9%
NUMBER OF STORES OPEN AT QUARTER END
Qtr End no of Stores - KFC 90 89 1
Qtr End no of Stores - Pizza Hut 49 52 -3
Qtr End no of Stores - Starbucks Coffee 26 28 -2
Qtr End no of Stores - Carl's Jr. 9 5 4
Total Stores 174 174 0
End CA:00255334 For:RBD Type:QUARTER Time:2014-09-17 09:23:30
