RBD restaurant brands new zealand limited

Ann: QUARTER: RBD: Restaurant Brands' Fourth Quarter Sales

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    • Release Date: 10/03/16 09:26
    • Summary: QUARTER: RBD: Restaurant Brands' Fourth Quarter Sales
    • Price Sensitive: No
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    					RBD
    10/03/2016 09:26
    QUARTER
    PRICE SENSITIVE
    REL: 0926 HRS Restaurant Brands New Zealand Limited
    
    QUARTER: RBD: Restaurant Brands' Fourth Quarter Sales
    
    10 March 2016
    NZX
    
    Restaurant Brands' Annual Sales up 9.9%
    
    Note: Restaurant Brands' results for the 2014/15 financial year (prior year)
    were on a 53 week basis compared with 52 weeks for the current year.  Because
    the company normally reports on a 52 week (364 day) year, a "leap year" is
    occasionally required, hence an extra week in the fourth quarter of the prior
    year.  Comparative % and dollar changes in sales are restated to a 52 week
    equivalent.  Unadjusted and adjusted comparisons are contained in the
    appended tables.
    
    Restaurant Brands' total sales for the financial year (52 weeks ended 29
    February 2016) were $387.6 million, an increase of 9.9% or $34.9 million on
    the equivalent 52 week period in the prior year. On an unadjusted basis sales
    were up 7.8%.
    
    Of the total equivalent increase, KFC contributed $22.4 million, driven by
    strong same store sales growth.  Carl's Jr. contributed a further $13.9
    million from an increase in store numbers.
    
    Same store sales for the financial year were up 5.3%, led by KFC up 6.3% and
    Starbucks Coffee up 6.9%. Pizza Hut saw a sales increase of 2.6% and Carl's
    Jr. was down 5.1%.
    
    KFC
    
    Full year sales for KFC were $282.5 million, an increase of 8.6% on the
    equivalent 52 week period in the prior year and up 6.3% on a same store
    basis.
    
    For the fourth quarter, total sales for KFC were $64.9 million, up 4.2% or
    $2.6 million on the equivalent 12 week period last year.  This is rolling
    over an increase of 9.3% the year before.
    
    Quarterly same store sales were up by 3.5%, on top of a high 7.5% same store
    growth figure from the same period last year.  Successful promotions in the
    quarter were the return of the popular Festive Meal family buckets and the
    Bacon & Avocado burger.
    
    Store numbers remained steady through the quarter at 91.
    
    Pizza Hut
    
    Restaurant Brands' full year sales for Pizza Hut were $44.9 million, a
    decrease of 5.6% on the equivalent 52 week period in the prior year (seven
    fewer stores than the previous year). On a same store basis sales were up
    2.6%.
    
    Total sales for the quarter for Restaurant Brands' own Pizza Hut stores were
    $9.9 million, a decrease of 3.1% on the equivalent 12 week period last year,
    due to having seven fewer stores as the company continued its strategy of
    selling lower volume and regional stores to independent franchisees.
    
    Same store sales for the fourth quarter increased 8.8% benefiting from the
    launch of a new mobile friendly Pizza Hut website and a revised menu.
    
    There were 39 company stores at the end of the quarter versus 46 in the prior
    year.  There are now 50 Pizza Hut stores operated by independent franchisees
    with the Mt Wellington and Mt Albert stores sold to independent franchisees
    in the quarter.
    
    As a brand, Pizza Hut continued to grow strongly with the total network sales
    for the quarter at $20.2 million (up 9.5% on the equivalent period).  Full
    year sales for the entire network were $86.1 million (up 7.2% on the
    equivalent period).
    
    Starbucks Coffee
    
    Full year sales for Starbucks Coffee were $26.8 million, an increase of 5.0%
    on the total equivalent 52 week period last year and up 6.9% on a same store
    basis.
    
    Starbucks Coffee total quarterly sales were $6.7 million, up $0.3 million or
    4.0% on the equivalent 12 week period last year.
    
    Same store sales were up 5.5% (rolling over a 5.3% 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.
    
    Store numbers reduced by one store during the quarter to 25 with the closure
    of the Courtenay Place store in Wellington.
    
    Carl's Jr.
    
    Full year sales for Carl's Jr. were $33.4 million, an increase of 71.5% on
    the total equivalent 52 week period last year, driven by an increase in store
    numbers. Sales were down 5.1% on a same store basis.
    
    Total Carl's Jr. sales for the quarter were $7.4 million, an increase of 5.8%
    on the equivalent 12 week period last year, with the impact of new stores in
    the prior year trading for a full quarter.
    
    On a same store basis sales quarterly were down 4.3%, 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. A new store opened at
    Church Corner in Christchurch after balance date to strong initial sales,
    with a further store scheduled to open in the same city next month.
    
    Annual Profit Announcement
    
    The company will announce its full year profit results on 14 April 2016.
    
    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 4th Quarter (Q4) - Adjusted for 53rd Week
    (for the 12 weeks 08/12/2015 to 29/02/2016)
    
      (Excluding 53rd Week)
    Q4 2015/16 vs Q4 2014/15 2015/16 ($000's) 2014/15 ($000's) % change
    
    Total Store Sales - KFC  64,890   62,260  4.2%
    Total Store Sales - Pizza Hut  9,889   10,205  -3.1%
    Total Store Sales - Starbucks Coffee  6,661   6,404  4.0%
    Total Store Sales - Carl's Jr. 7,415 7,010  5.8%
    
    Total Store Sales  88,855   85,879  3.5%
    
    YTD 2015/16 vs YTD 2014/15
    
    Total Store Sales - KFC  282,532   260,084  8.6%
    Total Store Sales - Pizza Hut  44,872 47,556 -5.6%
    Total Store Sales - Starbucks Coffee  26,812   25,534  5.0%
    Total Store Sales - Carl's Jr. 33,351  19,445  71.5%
    
    Total Store Sales  387,567   352,619  9.9%
    
    NUMBER OF STORES OPEN AT QUARTER END
    
    Qtr End no of Stores - KFC  91 91 0
    Qtr End no of Stores - Pizza Hut 39 46 -7
    Qtr End no of Stores - Starbucks Coffee 25 26 -1
    Qtr End no of Stores - Carl's Jr. 18 17 1
    
    Total Stores 173 180 -7
    
    RESTAURANT BRANDS NEW ZEALAND LIMITED
    Quarterly Sales Report
    
     Summary of Results for the 4th Quarter (Q4)
    (for the 12 weeks 08/12/2015 to 29/02/2016 - The prior year comparative
    2014/15 has 13 weeks of trading for the fourth quarter and 53 weeks for the
    full year)
    
       (Including 53rd Week)
    Q4 2015/16 vs Q4 2014/15 2015/16 ($000's) 2014/15 ($000's) % change
    
    Total Store Sales - KFC  64,890   67,214  -3.5%
    Total Store Sales - Pizza Hut  9,889   11,012  -10.2%
    Total Store Sales - Starbucks Coffee  6,661   6,937  -4.0%
    Total Store Sales - Carl's Jr. 7,415 7,624  -2.7%
    
    Total Store Sales  88,855   92,787  -4.2%
    
    Same Store Sales - KFC 63,290  61,155  3.5%
    Same Store Sales - Pizza Hut  9,758   8,969  8.8%
    Same Store Sales - Starbucks Coffee  6,588   6,242  5.5%
    Same Store Sales - Carl's Jr.  6,606   6,900  -4.3%
    
    Total Same Store Sales 86,242  83,266  3.6%
    
    YTD 2015/16 vs YTD 2014/15
    
    Total Store Sales - KFC  282,532   265,038  6.6%
    Total Store Sales - Pizza Hut  44,872 48,364 -7.2%
    Total Store Sales - Starbucks Coffee  26,812   26,067  2.9%
    Total Store Sales - Carl's Jr. 33,351  20,059  66.3%
    
    Total Store Sales  387,567   359,528  7.8%
    
    Same Store Sales - KFC 271,404   255,244  6.3%
    Same Store Sales - Pizza Hut  43,764   42,672  2.6%
    Same Store Sales - Starbucks Coffee  26,683   24,970  6.9%
    Same Store Sales - Carl's Jr.  18,351 19,335 -5.1%
    
    Total Same Store Sales 360,202   342,221  5.3%
    
    NUMBER OF STORES OPEN AT QUARTER END
    
    Qtr End no of Stores - KFC  91 91 0
    Qtr End no of Stores - Pizza Hut 39 46 -7
    Qtr End no of Stores - Starbucks Coffee 25 26 -1
    Qtr End no of Stores - Carl's Jr. 18 18 0
    
    Total Stores 173 181 -8
    End CA:00279055 For:RBD    Type:QUARTER    Time:2016-03-10 09:26:48
    				
 
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