- Release Date: 17/12/15 08:45
- Summary: QUARTER: RBD: Restaurant Brands' Third Quarter Sales
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RBD 17/12/2015 08:45 QUARTER PRICE SENSITIVE REL: 0845 HRS Restaurant Brands New Zealand Limited QUARTER: RBD: Restaurant Brands' Third Quarter Sales 17 December 2015 NZX Restaurant Brands' Third Quarter Sales up 9.4% Restaurant Brands' total sales for the third quarter of the financial year (12 weeks ended 7 December 2015) were $88.7 million, an increase of 9.4% or $7.6 million on the equivalent period last year. Of the total increase, KFC contributed $3.8 million, driven by solid same store sales growth. Carl's Jr. contributed a further $4.0 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 3.7%, led by KFC which grew 3.7%. Starbucks Coffee sales were up 6.6% and Pizza Hut up 4.2%. Carl's Jr. was slightly down by 2.5%. KFC Total sales for KFC were $64.5 million, up $3.8 million or 6.2%, rolling over 9.8% growth the previous year. Same store sales were up by 3.7% rolling over a high 10.8% same store growth figure from the same period last year. Same store sales have eased back slightly as the business is rolling over double digit growth in the previous year. Successful promotions in the quarter were the innovative Sour Cream & Sweet Chilli burger and the return of the very popular Surf Safe Buckets with a $1 donation to Surf Life Saving New Zealand for every bucket sold. Year to date sales for KFC were $217.6 million, an increase of 10.0% on prior year and up 7.2% on a same store basis. Store numbers decreased by one to 91 during the quarter with the closure of the loss-making Kaikohe store. Pizza Hut Total sales for Restaurant Brands' Pizza Hut stores were $10.4 million for the quarter, a decrease of 3.9% on the equivalent period last year, due to having six fewer stores as the company continued its strategy of selling lower volume stores to independent franchisees and closing one more store of the remaining Red Roof dine in restaurant format. Same store sales for the quarter increased 4.2% compared to a 5.8% growth in the same quarter of the prior year benefiting from the launch of a new mobile friendly Pizza Hut website. Year to date sales for Pizza Hut were $35.0 million, a decrease of 6.3% in total (six fewer stores than the previous year) and up 0.9% on a same store basis. There were 41 company stores at the end of the quarter versus 47 in the prior year. There are now 47 Pizza Hut stores operated by independent franchisees with the Dannemora and Mt Eden stores sold to independent franchisees in the quarter. Additionally the Rotorua Red Roof dine in restaurant was closed over the period. As a brand Pizza Hut continues to grow strongly with the total network sales for the quarter at $20.1 million (up 7.0%). Year to date sales for the entire network are $65.9 million (up 6.8%). Starbucks Coffee Starbucks Coffee total quarterly sales were $6.2 million, up $0.3 million or 5.7% on the equivalent period last year. Same store sales were up 6.6% (rolling over a 4.9% 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 $20.2 million, an increase of 5.3% on a total basis and up 7.3% 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 $7.5 million, an increase of 110.3% on the equivalent period last year, largely because of the increase in store numbers with 9 new and acquired stores added to the portfolio since the equivalent period last year. On a same store basis sales were down 2.5% with the brand showing positive growth for some stores and other stores still rolling over high opening period sales. The brand is building awareness and customer loyalty across the network, which comprised 18 stores at the end of the quarter and one new store planned to open in the fourth quarter. For further information please contact Russel Creedy Grant Ellis CEO CFO/Company Secretary Phone: 525 8700 Phone: 525 8700 ENDS RESTAURANT BRANDS NEW ZEALAND LIMITED Quarterly Sales Report Summary of Results for the 3rd Quarter (Q3) (for the 12 weeks 15/09/2015 to 07/12/2015) 2015/16 ($000's) 2014/15 ($000's) % change Q3 2015/16 vs Q3 2014/15 Total Store Sales - KFC 64,470 60,716 6.2% Total Store Sales - Pizza Hut 10,440 10,866 -3.9% Total Store Sales - Starbucks Coffee 6,240 5,902 5.7% Total Store Sales - Carl's Jr. 7,548 3,589 110.3% Total Store Sales 88,698 81,073 9.4% Same Store Sales - KFC 61,633 59,417 3.7% Same Store Sales - Pizza Hut 10,137 9,729 4.2% Same Store Sales - Starbucks Coffee 6,226 5,840 6.6% Same Store Sales - Carl's Jr. 3,499 3,589 -2.5% Total Same Store Sales 81,495 78,575 3.7% YTD 2015/16 vs YTD 2014/15 Total Store Sales - KFC 217,642 197,824 10.0% Total Store Sales - Pizza Hut 34,983 37,352 -6.3% Total Store Sales - Starbucks Coffee 20,151 19,130 5.3% Total Store Sales - Carl's Jr. 25,936 12,435 108.6% Total Store Sales 298,712 266,741 12.0% Same Store Sales - KFC 208,114 194,089 7.2% Same Store Sales - Pizza Hut 34,006 33,703 0.9% Same Store Sales - Starbucks Coffee 20,095 18,728 7.3% Same Store Sales - Carl's Jr. 11,745 12,435 -5.5% Total Same Store Sales 273,960 258,955 5.8% NUMBER OF STORES OPEN AT QUARTER END Qtr End no of Stores - KFC 91 91 0 Qtr End no of Stores - Pizza Hut 41 47 -6 Qtr End no of Stores - Starbucks Coffee 26 26 0 Qtr End no of Stores - Carl's Jr. 18 9 9 Total Stores 176 173 3 End CA:00275262 For:RBD Type:QUARTER Time:2015-12-17 08:45:25
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