Restaurant Brands announces first quarter sales results
Restaurant Brands' total sales across the company's three brands for the first quarter (12 weeks ended 23rd May 2011) were $72.5 million, a decrease of 4.4% or $3.3 million on the equivalent period last year. The sales decrease is primarily attributed to store closures in Christchurch followng the earthquake ($2.5 million in lost sales) and the disposal of Pizza Hut stores. Same store sales were down 2.3%.
KFC total sales grew 2.8% in the quarter (rolling over an 8.5% increase in the prior year). Starbucks sales decreased 11.3% and Pizza But sales decreased by 27.7%.
KFC same store sales saw a 0.3% increase (rolling over a 10.7% increase in the prior year). Starbucks had an increase of 4.3% and Pizza Hut saw a decline of 15.7%.
Restaurant Brands announces full year results for the year ended 28 February 2011
- 7 April 2011
Transformed KFC Manurewa Reopens
KFC Manurewa opened on 9 December providing a superb new store for Manurewa locals to enjoy – the $2 million dollar transformation has created 15 extra jobs that have been filled by people from the local community. KFC Manurewa is the 53rd store to be refurbished as part of a national transformation programme that began in 2004.
KFC Manurewa has been part of this area for more than 17 years since we first opened back in 1993 so is well and truly part of the community. Locals returning to the store (which was closed for 8 weeks during the re-development) will notice an array of new additions designed to enhance their dining experience at KFC, including booth seating and longer tables for family and group dining, a new outdoor seating area, a revamped Drive Thru, a Krushbar (serving up Krushers, KFC's frozen drink full of real bitz) and high-tech touches like plasma screens.
Restaurant Brands opens brands new KFC store at Papamoa
The brand new KFC Papamoa, a $2 million dollar development that has created 45 new jobs, opens its doors to the public for the first time on Thursday December 16th. KFC Papamoa is the third development in the Tauranga area this year. In July, KFC opened a new store at the Gate Pa shopping centre and in October the original Tauranga store was completely refurbished. In total in 2010 KFC has spent more than $5 million dollars developing stores in the area and has created more than 100 new jobs.
To celebrate its arrival in the Papamoa community, KFC has teamed up with the Papamoa Surf Lifesaving Club and announced a fundraising initiative to collect $10,000 so the club can keep Papamoa’s beaches – and people – safe this summer.
Restaurant Brands Franchise Update
Earlier in 2010, the board announced its intention to franchise the Regional Pizza Hut outlets. This will encompass approximately 35 stores from Kerikeri in the North, to Invercargill in the south.
This strategy is based on the board’s belief that the regional stores are better suited to owner operators who can more effectively promote the Pizza Hut brand and themselves as franchisees in these smaller towns and regions.
RBL is currently working on three more conditional sales for Dunedin North, Dunedin South and Rangiora. These three sites are planned to be operational by year end.
Current enquiry levels are high and we expect more sales in the New Year.
Restaurant Brands' announces third quarter sales results
Restaurant Brands' total sales across the company’s three brands for the third quarter (12 weeks ended 6th December 2010) were $74.2 million, an increase of 1.8% on the equivalent period last year. Same store sales also increased 1.8%.
The company saw continued same store sales growth in its KFC and Starbucks Coffee operations, but Pizza Hut same store sales still remained down on prior year.
Year to date sales of $250.5 million were up 3.3% on prior year and 4.0% on a same store basis.
- 14th December 2010
KFC Tauranga reopens after transformation
KFC Tauranga reopened on Thursday 21st October and is the 51st store to be revamped as part of a national transformation programme that began in 2004. The $1.85 million transformation has created 20 extra jobs in the community in addition to the 35 existing positions.
Customers will notice an array of new features designed to enhance their dining experience at KFC, including booth seating and longer tables for family and group dining, a new outdoor seating area and Drive Thru, and a new Krushbar.
KFC Tauranga is expecting to be busy as locals visit their newly rebuilt store to check out the changes and enjoy their favourite KFC meals.