Ann: QUARTER: RBD: Restaurant Brands' First Q

• Release Date: 30/05/12 11:10
• Summary: QUARTER: RBD: Restaurant Brands' First Quarter Sales
• Price Sensitive: No
• Download Document  4.82KB

					

RBD
30/05/2012 09:10
QUARTER

REL: 0910 HRS Restaurant Brands New Zealand Limited

QUARTER: RBD: Restaurant Brands' First Quarter Sales

30 May 2012
NZX

Restaurant Brands' First Quarter Sales

Restaurant Brands' total sales across the company's three brands during the
first quarter (12 weeks ended 21st May 2012) were $70.6 million, a decrease
of 2.7% or $2.0 million on the equivalent period last year.  Most of the
reduction can be attributed to KFC rolling over the success of the KFC Double
Down promotion in the prior year. Same store sales for the company were down
3.7%.

KFC total sales declined 3.1% in the quarter.  Starbucks sales decreased 3.5%
but Pizza Hut sales were the same as last year (despite having 9 less
stores).

KFC same store sales saw a 6.4% decrease. Starbucks had a small same store
decline of 0.9%, but Pizza Hut saw a significant increase of 10.4%.

KFC
KFC sales declined 3.1% or $1.7 million over the prior year to $54.1m
(compared with a 2.8% increase in the prior year) with same store sales
declining by 6.4%.  Sales were affected by the rolling over of the prior
year's KFC Double Down burger promotion which was an unprecedented sales
success.  KFC plans to offer the Double Down as a limited time offer later
this year.

Successful product releases over the first quarter included the launch of the
popular $5 Lunch Box Deal as a value offer, the return of the Tower Burger
and the recent launch of the Godfather Tower Burger.

In Christchurch, the CBD store was permanently closed as a result of the site
requiring demolition following the earthquake last year.  As a result of the
closure, total store numbers fell by one in the quarter, down one on last
year.

Pizza Hut
Total sales for Pizza Hut were flat compared to the prior year at $10.6
million despite a reduction of nine stores on the prior year because of sales
of stores to independent franchisees and closures.

Same store sales for the quarter increased by 10.4% primarily driven by the
launch of the $4.90 Large Classics Pizza.  This promotion has provided a
strong value-based entry and headline price point for Pizza Hut in a very
competitive and crowded market.

Store numbers were reduced by two with the sale of stores in Greerton and
Taupo over the quarter with the Taradale store closed and the Papamoa store
sold after quarter end.  Store numbers reduced to 69, down nine on last year.
 A total of 15 stores are now operated by independent franchisees.

Total Pizza Hut system sales (including those of independent franchisees)
were $12.6m for the year, up 11.2% in total and up 9.6% on a same store
basis.

Starbucks Coffee
Starbucks Coffee total quarterly sales were $5.9 million, down $0.2 million
or 3.5% on the prior year.  The brand had two less stores than prior year as
a result of earthquake related closures in Christchurch.

Same store sales were down 0.9% rolling a 4.3% increase in the prior year.

During the quarter, the Colombo Street, Christchurch store was permanently
closed with lease termination relating to earthquake remediation works. This
reduced the store count by one to 34 stores, down two on last year.

In Christchurch, two Starbucks Coffee stores in Cashel Mall and Cathedral
Square remain closed as a result of the earthquake, thus leaving 32 stores
actually trading.

Carl's Jr
Restaurant Brands plans to open its first Carl's Jr restaurant in the third
quarter of this year with several more store sites currently under
evaluation.

For further information please contact

Russel Creedy  Grant Ellis
CEO  CFO/Company Secretary
Phone: 525 8722  Phone: 525 8722

ENDS

 RESTAURANT BRANDS NEW ZEALAND LIMITED
Quarterly Sales Report

Summary of Results for the 1st Quarter (Q1)
(for the 12 weeks 28/2/2012 to 21/5/2012)

 Q1 2012/13 ($000's) Q1 2011/12 ($000's) % change

Q1 2012/13 vs Q1 2011/12

Total Store Sales - KFC  54,066   55,801  -3.1%
Total Store Sales - Pizza Hut  10,585 10,589 0.0%
Total Store Sales - Starbucks Coffee  5,917   6,131  -3.5%

Total Store Sales  70,568   72,521  -2.7%

Same Store Sales - KFC 52,173  55,722  -6.4%
Same Store Sales - Pizza Hut  10,138   9,180  10.4%
Same Store Sales - Starbucks Coffee  5,806   5,860  -0.9%

Total Same Store Sales 68,117  70,762  -3.7%

YTD 2012/13 vs YTD 2011/12

Total Store Sales - KFC  54,066   55,801  -3.1%
Total Store Sales - Pizza Hut  10,585 10,589 0.0%
Total Store Sales - Starbucks Coffee  5,917   6,131  -3.5%

Total Store Sales  70,568   72,521  -2.7%

Same Store Sales - KFC 52,173  55,722  -6.4%
Same Store Sales - Pizza Hut  10,138   9,180  10.4%
Same Store Sales - Starbucks Coffee  5,806   5,860  -0.9%

Total Same Store Sales 68,117  70,762  -3.7%

NUMBER OF STORES OPEN AT QUARTER END

Qtr End no of Stores - KFC  88 89 -1
Qtr End no of Stores - Pizza Hut 69 78 -9
Qtr End no of Stores - Starbucks Coffee 34 36 -2

Total Stores 191 203 -12
End CA:00223393 For:RBD    Type:QUARTER    Time:2012-05-30 09:10:16