RBD restaurant brands new zealand limited

Ann: QUARTER: RBD: Restaurant Brands' Fourth

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    • 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
    				
 
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