RBD
04/06/2015 09:09
QUARTER
PRICE SENSITIVE
REL: 0909 HRS Restaurant Brands New Zealand Limited
QUARTER: RBD: Restaurant Brands' First Quarter Sales
4 June 2015
NZX
Restaurant Brands' First Quarter Sales up 14.7%
Restaurant Brands' total sales during the first quarter of the financial year
(12 weeks ended 25 May 2015) were $89.1 million, an increase of 14.7% or
$11.4 million on the equivalent period last year.
Of the total increase, KFC contributed $7.5 million, driven by strong same
store sales. Carl's Jr. contributed a further $4.4 million, mostly from
higher store numbers following the acquisition of seven Auckland-based Carl's
Jr. stores.
Same store sales for the company were up 7.6%, led by KFC which grew 9.8% and
Starbucks Coffee up 8.9%. Pizza Hut was slightly down at 0.5% with Carl's
Jr. down 5.2%.
KFC
Total sales for KFC were $64.4 million, up 13.2% (compared with 5.2% growth
the year before) or $7.5 million on the equivalent period last year.
Same store sales were up by 9.8%. The strong sales continue to be driven by
the store transformation program, increased marketing spend and longer store
opening hours. Successful promotions in the quarter were the Super Zinger
Burger, Zinger Stacker Burger, the innovative Crispy Burrito as well as a
highly successful Super Bucket with a free rugby ball as part of the KFC New
Zealand Super Rugby teams' sponsorship.
During the quarter a new store opened in Albany bringing the total store
count to 92, up one on prior year.
Pizza Hut
Total sales for Pizza Hut were $10.5 million for the quarter, a decrease of
7.6% on the equivalent period last year (compared with a 0.3% increase in the
prior year). This result is due to having four fewer stores as the company
continued its strategy of selling lower volume stores to independent
franchisees.
Same store sales for the quarter decreased slightly by -0.5% compared to a
9.3% growth in the same quarter of the prior year which benefitted from
strong sales of the Hot Dog Stuffed Crust promotion.
There were 46 company stores at the end of the quarter versus 50 in the prior
year. There are now 43 Pizza Hut stores operated by independent franchisees.
Starbucks Coffee
Starbucks Coffee total quarterly sales were $6.1 million, up $0.4 million or
6.6% on the equivalent period last year, despite having one less store.
Same store sales were up 8.9% (rolling over a 5.5% 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.
Store numbers remained steady during the quarter at 26, but down one on prior
year.
Carl's Jr.
Total Carl's Jr. sales for the quarter were $8.0 million, an increase of
119.2% on the equivalent period last year, driven by an increase of 10 new
and acquired stores to the portfolio.
On a same store basis sales were down 5.2% (compared to -36.2% last year)
with the brand showing positive growth for some stores, with other stores
still rolling over high opening period sales.
The brand is beginning to build awareness and loyalty across the total
network, which comprised 18 stores at the end of the quarter.
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 03/03/2015 to 25/05/2015)
2015/16 ($000's) 2014/15 ($000's) % change
Q1 2015/16 vs Q1 2014/15
Total Store Sales - KFC 64,449 56,936 13.2%
Total Store Sales - Pizza Hut 10,467 11,330 -7.6%
Total Store Sales - Starbucks Coffee 6,113 5,736 6.6%
Total Store Sales - Carl's Jr. 8,033 3,665 119.2%
Total Store Sales 89,062 77,667 14.7%
Same Store Sales - KFC 61,829 56,309 9.8%
Same Store Sales - Pizza Hut 10,174 10,225 -0.5%
Same Store Sales - Starbucks Coffee 6,072 5,578 8.9%
Same Store Sales - Carl's Jr. 3,475 3,665 -5.2%
Total Same Store Sales 81,550 75,777 7.6%
YTD 2015/16 vs YTD 2014/15
Total Store Sales - KFC 64,449 56,936 13.2%
Total Store Sales - Pizza Hut 10,467 11,330 -7.6%
Total Store Sales - Starbucks Coffee 6,113 5,736 6.6%
Total Store Sales - Carl's Jr. 8,033 3,665 119.2%
Total Store Sales 89,062 77,667 14.7%
Same Store Sales - KFC 61,829 56,309 9.8%
Same Store Sales - Pizza Hut 10,174 10,225 -0.5%
Same Store Sales - Starbucks Coffee 6,072 5,578 8.9%
Same Store Sales - Carl's Jr. 3,475 3,665 -5.2%
Total Same Store Sales 81,550 75,777 7.6%
NUMBER OF STORES OPEN AT QUARTER END
Qtr End no of Stores - KFC 92 91 1
Qtr End no of Stores - Pizza Hut 46 50 -4
Qtr End no of Stores - Starbucks Coffee 26 27 -1
Qtr End no of Stores - Carl's Jr. 18 8 10
Total Stores 182 176 6
End CA:00265205 For:RBD Type:QUARTER Time:2015-06-04 09:09:34
