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- Release Date: 05/03/14 12:54
- Summary: QUARTER: RBD: Restaurant Brands' Fourth Quarter Sales
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RBD
05/03/2014 10:54
QUARTER
REL: 1054 HRS Restaurant Brands New Zealand Limited
QUARTER: RBD: Restaurant Brands' Fourth Quarter Sales
5 March 2014
NZX
Restaurant Brands' Fourth Quarter Sales up 6.4%
Restaurant Brands' total sales across the company's four brands during the
fourth quarter (12 weeks ended 24 February 2014) were $77.6 million, an
increase of 6.4% or $4.7 million on the equivalent period last year.
The Carl's Jr. brand of burger restaurants, launched in November 2012 was a
key contributor to the sales increase at $1.9 million with KFC contributing
$2.7 million.
Same store sales for the company were up 3.5% with strong growth in KFC which
grew 4.1%. Starbucks Coffee was up 7.6% and Pizza Hut up 8.9%. Carl's Jr was
down 59.1% as it rolled over very high new store opening sales in the two
stores opened last year.
KFC
Total sales for KFC increased by 5.0% or $2.7 million to $56.9 million over
the quarter (compared with a 1.8% increase in the prior year).
Same store sales increased by 4.1%. The strong sales increase was driven by
the launch of a new menu, in particular around family meals. The Christmas
promotional activity and the release of the Real Kahuna Burger both proved
popular over the period.
Full year sales for KFC were $241.5 million, an increase of 1.9% on a total
basis and up 0.2% on a same store basis.
Pizza Hut
Total sales for Pizza Hut were slightly down on last year at $10.8 million
(compared with a 6.9% increase in the prior year). This result is with six
(11%) fewer stores as the company continues its strategy of selling regional
and lower volume stores to independent franchisees.
Same store sales for the quarter increased by 8.9% on top of a 28.6% growth
in the same quarter of the prior year. This growth has been sustained by the
continuing value offer and successful promotion in the quarter including the
Moroccan Pizza range.
There were 51 company stores at the end of the quarter versus 57 in the prior
year with 33 Pizza Hut stores now operated by independent franchisees. The
Timaru store was the only company store sold over the quarter with six stores
sold over the full year.
Full year sales for Pizza Hut were $48.4 million, an increase of 1.1% on a
total sales basis and up 15.3% on a same store basis.
Starbucks Coffee
Starbucks Coffee total quarterly sales were $6.2 million, up $0.2 million or
2.7%, despite having two fewer stores than the prior year.
Same store sales were up 7.6% (compared with a 1.7% 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 in the
middle of 2012/13.
Starbucks Christmas range continued to be well received by Starbucks Coffee
customers and helped maintain sales momentum.
Full year sales for Starbucks Coffee were $25.0 million. This was a decrease
of 0.3% in total, but an increase of 5.7% on a same store basis.
There were no store changes during the period with total stores at the end of
the quarter numbering 27.
Carl's Jr.
The Carl's Jr. brand saw no new stores opening in this quarter with current
company store numbers at eight, six up on the fourth quarter of the prior
year.
Whilst same store sales were down 59.1% as the brand rolled over very strong
openings from last year, total sales for the fourth quarter were up 107.8% to
$3.7 million driven by new store openings and a successful Hawaiian Teriyaki
Burger promotion.
Full year sales were $14.3 million, up $12.4 million on prior year.
Annual Profit Announcement
The company will announce its full year results on 10 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
See attachment.
End CA:00247839 For:RBD Type:QUARTER Time:2014-03-05 10:54:45
