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

• Release Date: 23/09/15 08:51
• Summary: QUARTER: RBD: Restaurant Brands' Second Quarter Sales
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					RBD
23/09/2015 08:51
QUARTER
PRICE SENSITIVE
REL: 0851 HRS Restaurant Brands New Zealand Limited

QUARTER: RBD: Restaurant Brands' Second Quarter Sales

23 September 2015
NZX

Restaurant Brands' Second
 Quarter Sales up 12.0%

Restaurant Brands' total sales during the second quarter of the financial
year (16 weeks ended 14 September 2015) were $121.0 million, an increase of
12.0% or $13.0 million on the equivalent period last year.

Of the total increase, KFC contributed $8.6 million, driven by strong same
store sales.  Carl's Jr. contributed a further $5.2 million, mostly from
higher store numbers following the acquisition of seven Auckland-based Carl's
Jr. stores in December 2014.

Same store sales for the company were up 6.0%, led by KFC which grew 8.0% and
Starbucks Coffee up 6.7%.  Pizza Hut was slightly down at 0.4% with Carl's
Jr. down 7.9% rolling opening of new stores.

KFC

Total sales for KFC were $88.7 million, up 10.7% (compared with 6.7% growth
the year before) or $8.6 million on the equivalent period last year.

Same store sales were up by 8.0%.  The strong sales continue to be driven by
store transformation and a strong marketing programme. Successful promotions
in the quarter were the Double Down (with new ham steak & hawaiian variants)
and the Family Favourites Bucket.  This was followed by the launch of the
innovative Rice Box and the Aioli & Bacon Burger as well as bringing back a
customer favourite Hot & Spicy.

KFC also had two more stores (Albany & Oamaru) compared with the prior period
last year.

Year to date sales for KFC were $153.2 million, an increase of 11.7% on a
total basis and up 8.8% on a same store basis.

Pizza Hut

Total sales for Pizza Hut were $14.1 million for the quarter, a decrease of
7.1% on the equivalent period last year due to having five fewer stores as
the company continued its strategy of selling lower volume stores to
independent franchisees.

Same store sales for the quarter decreased 0.4%, rolling over strong growth
of 7.6% in the same quarter of the prior year.

Year to date sales for Pizza Hut were $24.5 million, a decrease of 7.3% in
total due to fewer stores. There were 44 company stores at the end of the
quarter versus 49 in the prior year.  There are now 45 Pizza Hut stores
operated by independent franchisees with the Albany and Takanini stores sold
to independent franchisees in the quarter.

Starbucks Coffee

Starbucks Coffee total quarterly sales were $7.8 million, up 4.1% on the
equivalent period last year.

Same store sales were up 6.7% (rolling over a 4.7% 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.

Year to date sales for Starbucks Coffee were $13.9 million, an increase of
5.2% on a total basis and up 7.6% on a same store basis.

Store numbers remained steady during the quarter at 26.

Carl's Jr.

Total Carl's Jr. sales for the quarter were $10.4 million, an increase of
99.8% on the equivalent period last year, due to the increase in store
numbers with 9 new and acquired stores added to the portfolio since the prior
period last year.

On a same store basis sales were down 7.9% rolling new store openings last
year with the brand showing positive growth for most stores and some stores
still rolling over high opening period sales.

The brand is beginning to build awareness and customer loyalty across the
total network, which comprised 18 stores at the end of the quarter.

Half Year Results

The financial results for the first half year will be released on 29 October
2015.

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 2nd Quarter (Q2)
(for the 16 weeks 26/05/2015 to 14/09/2015)

 2015/16 ($000's) 2014/15 ($000's) % change
Q2 2015/16 vs Q2 2014/15

Total Store Sales - KFC  88,722   80,171  10.7%
Total Store Sales - Pizza Hut  14,076 15,156 -7.1%
Total Store Sales - Starbucks Coffee  7,798   7,492  4.1%
Total Store Sales - Carl's Jr. 10,355  5,182 99.8%

Total Store Sales  120,951   108,001  12.0%

Same Store Sales - KFC 84,652  78,363  8.0%
Same Store Sales - Pizza Hut  13,696   13,749  -0.4%
Same Store Sales - Starbucks Coffee  7,797   7,310  6.7%
Same Store Sales - Carl's Jr.  4,771   5,182  -7.9%

Total Same Store Sales 110,915   104,603  6.0%

YTD 2015/16 vs YTD 2014/15

Total Store Sales - KFC  153,171   137,107  11.7%
Total Store Sales - Pizza Hut  24,543 26,486 -7.3%
Total Store Sales - Starbucks Coffee  13,911   13,228  5.2%
Total Store Sales - Carl's Jr. 18,388  8,846 107.9%

Total Store Sales  210,013   185,667  13.1%

Same Store Sales - KFC 146,481   134,672  8.8%
Same Store Sales - Pizza Hut  23,870   23,974  -0.4%
Same Store Sales - Starbucks Coffee  13,869   12,888  7.6%
Same Store Sales - Carl's Jr.  8,246   8,847  -6.8%

Total Same Store Sales 192,465   180,380  6.7%

NUMBER OF STORES OPEN AT QUARTER END

Qtr End no of Stores - KFC  92 90 2
Qtr End no of Stores - Pizza Hut 44 49 -5
Qtr End no of Stores - Starbucks Coffee 26 26 0
Qtr End no of Stores - Carl's Jr. 18 9 9

Total Stores 180 174 6
End CA:00270570 For:RBD    Type:QUARTER    Time:2015-09-23 08:51:40