- Release Date: 07/03/13 11:40
- Summary: QUARTER: RBD: Restaurant Brands' Fourth Quarter Sales
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RBD 07/03/2013 09:40 QUARTER REL: 0940 HRS Restaurant Brands New Zealand Limited QUARTER: RBD: Restaurant Brands' Fourth Quarter Sales 7 March 2013 NZX Restaurant Brands' Sales Report Restaurant Brands NZ Limited's full year sales for year ending 25 February 2013 were $311.9 million, an increase of 1.2% on the previous year. KFC saw an increase of 0.3% in total sales for the full year, rolling over a 0.2% increase in the prior year. Pizza Hut had a full year sales increase of 5.3% despite selling thirteen stores to independent franchisees and closing one store. Starbucks Coffee recorded a decline in full year sales of 5.1%, mainly due to the closure of six stores. Two Carl's Jr. stores were opened in the last quarter and contributed $1.9million to full year sales. On a same store basis the company recorded a 1.9% increase for the year with KFC's full year sales down 1.0%, Pizza Hut's up 21.2% and Starbucks Coffee down 1.7%. For the 4th quarter total sales across the company's four brands were up 4.5%. Same store sales increased 3.9% with all brands growing, particularly Pizza Hut which was up 28.6%. KFC For the 4th quarter, KFC sales increased 1.8% or $0.9 million over the prior year to $54.2million (compared with a 1.6% decrease in the prior year which was impacted by the Canterbury earthquakes). Same store sales in the 4th quarter were up by 0.2%, compared with a 1.9% decrease in the prior year. Successful promotions in the 4th quarter included the return of the Summer Variety Bucket and Burger Box promotions, supplemented by the new $9.90 Boxed Meals and the So Good Savers promotions. Full year sales for KFC were $237.0 million, $0.7 million up on the previous year, an increase of 0.3% in total sales, although down 1.0% on a same store basis. Total store numbers at year were 89, up one on last year with the opening of a new store at Silverdale and another at Lower Hutt (relocating from two closed stores in the Hutt Valley) together with the purchase of one store in Cambridge from an independent franchisee. Pizza Hut Sales in the 4th quarter for Pizza Hut were up $0.7 million or 6.9% on prior year to $10.9 million. This was despite a 19.7% reduction in store numbers compared with the prior year from 71 to 57, with the sale of thirteen stores to independent franchisees and closure of one store over the last 12 months. Same store sales in the 4th quarter increased by 28.6%. This quarter's main promotional activity was the sustained success of the $4.90 Large Classics Pizza offering a strong value-based entry and headline price point for Pizza Hut in a very competitive and crowded market. Pizza Hut also introduced the Free Stuffed Crust on Meatlovers pizzas. Of the 83 Pizza Hut stores across New Zealand, 26 stores are now operated by independent franchisees and 57 by the company. Full year sales for Pizza Hut were $47.9 million, $2.4 million more than the previous year. This was an increase of 5.3% on a total basis and an increase of 21.2% on a same store basis. Total full year sales for the Pizza Hut system (including those of independent franchises) were $62.2million for the year to date, up 20.8% in total and up 21.0% on same store basis. Starbucks Coffee Starbucks Coffee 4th quarter sales were $6.1 million, down $0.3 million or 4.8% on the prior year. On a same store basis, Starbucks Coffee sales in the 4th quarter were up 1.7%. Successful promotions in the quarter included the Free Tall Beverage offer. Full year Starbucks Coffee sales were $25.1 million, down 5.1% in total on prior year with six less stores. Same store sales for the full year were down 1.7%. There are now 29 stores operating which is six fewer than a year ago. Three stores were closed in the year and a further three stores remain closed following the Canterbury earthquakes in 2011. Of the three stores impacted by the earthquakes, two have had their leases terminated, and one is unlikely to re-open. Carl's Jr. Carl's Jr. contributed sales of $1.8 million ($1.9 million full year) in the quarter with a second store opening in Palmerston North, joining the first new Mangere store. One further store was opened in Auckland Central, just after balance date. Year End Results The company expects to announce its year end results on Thursday 4 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 Summary of Results for the 4th Quarter (Q4) (for the 12 weeks 4/12/2012 to 25/2/2013) 2012/13 ($000's) 2011/12 ($000's) % change Q4 2012/13 vs Q4 2011/12 Total Store Sales - KFC 54,206 53,271 1.8% Total Store Sales - Pizza Hut 10,906 10,203 6.9% Total Store Sales - Starbucks Coffee 6,060 6,366 -4.8% Total Store Sales - Carl's Jr. 1,788 - n/a Total Store Sales 72,960 69,841 4.5% Same Store Sales - KFC 52,184 52,073 0.2% Same Store Sales - Pizza Hut 10,763 8,371 28.6% Same Store Sales - Starbucks Coffee 5,992 5,891 1.7% Same Store Sales - Carl's Jr. - - n/a Total Same Store Sales 68,939 66,335 3.9% YTD 2012/13 vs YTD 2011/12 Total Store Sales - KFC 237,032 236,284 0.3% Total Store Sales - Pizza Hut 47,876 45,477 5.3% Total Store Sales - Starbucks Coffee 25,115 26,452 -5.1% Total Store Sales - Carl's Jr. 1,878 - n/a Total Store Sales 311,900 308,212 1.2% Same Store Sales - KFC 231,340 233,618 -1.0% Same Store Sales - Pizza Hut 47,056 38,827 21.2% Same Store Sales - Starbucks Coffee 24,927 25,359 -1.7% Same Store Sales - Carl's Jr. - - n/a Total Same Store Sales 303,324 297,804 1.9% NUMBER OF STORES OPEN AT QUARTER END Qtr End no of Stores - KFC 89 88 1 Qtr End no of Stores - Pizza Hut 57 71 -14 Qtr End no of Stores - Starbucks Coffee 29 35 -6 Qtr End no of Stores - Carl's Jr. 2 - 2 Total Stores 177 194 -17 End CA:00233890 For:RBD Type:QUARTER Time:2013-03-07 09:40:04
Ann: QUARTER: RBD: Restaurant Brands' Fourth
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