RBD
18/09/2013 13:14
QUARTER
REL: 1314 HRS Restaurant Brands New Zealand Limited
QUARTER: RBD: Restaurant Brands' Second Quarter Sales
18 September 2013
NZX
Restaurant Brands' Second Quarter Sales up 6.2%
Restaurant Brands' total sales across the company's four brands during the
second quarter (16 weeks ended 9th September 2013) were $102.1 million, an
increase of 6.2% or $6.0 million on the equivalent period last year.
The new Carl's Jr. brand of burger restaurants, launched in November 2012 was
the largest contributor to the sales increase at $4.3 million.
KFC total sales increased 2.4% in the quarter. Starbucks Coffee sales
decreased 1.2% and Pizza Hut sales were in line with last year.
Same store sales for the company were up 2.7% with KFC showing a small
increase of 0.4%, Starbucks Coffee up 5.8% and Pizza Hut well up with 13.2%
growth.
KFC
Total sales for KFC increased by 2.4% or $1.7 million to $75.1 million over
the quarter (compared with a 1.8% increase in the prior year on the back of
the very successful Double Down promotion).
Same store sales were steady at 0.4%. A range of promotions were run in the
quarter including the popular new Kentucky burger and Mexican burger range as
well as a repeat of the popular Hot & Spicy promotion.
Year to date sales for KFC were $129.3 million, this was an increase of 1.4%
on a total basis, but marginally down at 0.1% on a same store basis.
Pizza Hut
Total sales for Pizza Hut were in line with last year at $15.3 million
(compared with a 9.5% increase in the prior year). This result is with 11
(17.5%) fewer stores as the company has continued its strategy of selling
regional and lower volume stores to independent franchisees.
Same store sales for the quarter increased by 13.2% on top of a 26.5% same
store growth in the same quarter of the prior year. This growth has been
sustained by the $4.90 value offer and successful promotions in the quarter
including PeriPeri Hot & Spicy pizzas followed by the Double Beef & Bacon
pizza with a free Stuffed Crust. Both these promotions performed well
providing new innovative flavours to the market.
Company stores reduced in number from 63 a year ago to 52 at the end of the
quarter with 32 Pizza Hut stores now operated by independent franchisees.
There were five Company stores sold over the quarter being Kapiti, Karori,
Hawera, Levin and Napier.
Total Pizza Hut system sales (including those of independent franchisees)
totalling 84 stores were $22.6 million for the quarter, up 15.7% in total and
up 15.5% on a same store basis.
Year to date sales for Pizza Hut were $26.6 million, this was an increase of
2.7% on a total basis and up 19.3% on a same store basis.
Starbucks Coffee
Starbucks Coffee total quarterly sales were $7.4 million, down $0.1 million
or 1.2%. The brand had five less stores than prior year (five low volume
stores closed at the end of their lease).
Same store sales were up 5.8% (compared with a 4.0% decrease 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.
Successful promotions in the quarter were the Starbucks Dolce Latte and the
promotion of the Signature Hot Chocolate range which helped drive sales.
Year to date sales for Starbucks Coffee were $13.0 million, this was a
decrease of 2.9% on a total basis and an increase of 4.0% on a same store
basis.
Carl's Jr.
A fifth Carl's Jr. store opened in Rotorua on 13 August 2013, adding to the
existing stores at Mangere, Palmerston North, Auckland Metro and Frankton.
The company plans to open a further three stores over the balance of the
financial year, including a site at the Auckland airport, bringing the total
number of stores to eight by year end.
Sales were $4.3 million in this quarter growing from $2.3 million in the
previous quarter.
There were two strong promotions over the quarter. They were the Super Bacon
Cheeseburger and the Jim Beam Bourbon Burger. The Mint Oreo Milk Shake was
also launched as an exciting new promotional milk shake flavour.
Half Year Results
The financial results for the first half year will be released on 17 October.
For further information please contact
Russel Creedy Grant Ellis
CEO CFO/Company Secretary
Phone: 525 8710 Phone: 525 8710
RESTAURANT BRANDS NEW ZEALAND LIMITED
Quarterly Sales Report
Summary of Results for the 2nd Quarter (Q2)
(for the 16 weeks 21/5/2013 to 9/9/2013)
2013/14 ($000's) 2012/13 ($000's) % change
Q2 2013/14 vs Q2 2012/13
Total Store Sales - KFC 75,123 73,377 2.4%
Total Store Sales - Pizza Hut 15,278 15,299 -0.1%
Total Store Sales - Starbucks Coffee 7,361 7,452 -1.2%
Total Store Sales - Carl's Jr. 4,333 - n/a
Total Store Sales 102,095 96,128 6.2%
Same Store Sales - KFC 72,800 72,491 0.4%
Same Store Sales - Pizza Hut 15,265 13,483 13.2%
Same Store Sales - Starbucks Coffee 7,353 6,947 5.8%
Same Store Sales - Carl's Jr. - - n/a
Total Same Store Sales 95,418 92,921 2.7%
YTD 2013/14 vs YTD 2012/13
Total Store Sales - KFC 129,264 127,443 1.4%
Total Store Sales - Pizza Hut 26,577 25,884 2.7%
Total Store Sales - Starbucks Coffee 12,975 13,369 -2.9%
Total Store Sales - Carl's Jr. 6,628 - n/a
Total Store Sales 175,444 166,696 5.2%
Same Store Sales - KFC 125,569 125,740 -0.1%
Same Store Sales - Pizza Hut 26,559 22,263 19.3%
Same Store Sales - Starbucks Coffee 12,941 12,439 4.0%
Same Store Sales - Carl's Jr. - - n/a
Total Same Store Sales 165,069 160,442 2.9%
NUMBER OF STORES OPEN AT QUARTER END
Qtr End no of Stores - KFC 89 86 3
Qtr End no of Stores - Pizza Hut 52 63 -11
Qtr End no of Stores - Starbucks Coffee 28 33 -5
Qtr End no of Stores - Carl's Jr. 5 0 5
Total Stores 174 182 -8
End CA:00241265 For:RBD Type:QUARTER Time:2013-09-18 13:14:41
