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Restaurant Brands announces third quarter sales results

Restaurant Brands' total sales for the third quarter (12 weeks ended 5th December 2011) were $71.9 million, a decrease of 3.1% or $2.3 million on the equivalent period last year.  The sales reduction is primarily attributted to store closures in Christchurch following the earthquake and the disposal of Pizza Hut stores.  Same store sales were down 0.9%.

KFC total sales were up $0.5 million or 0.9% in the quarter (compared with a 6.2% increase in the prior year).  Starbucks sales decreased 9.5% and Pizza Hut sales decreased by 16.8%.

KFC same store sales were down 1.6% (versus a 3.9% increase in the prior year).  Starbucks Coffee had an increase of 6.8% and Pizza Hut saw a decline of 1.6%.

The Christchurch earthquakes continued to adversely affect total sales during the quarter.  A total of four stores (one KFC and three Starbucks Coffee) in Christchurch city remained closed.  Total estimated sales lost from the earthquake for the quarter are around $1.1m.

Restaurant Brands announces interim results for half year ended 12 September 2011

Key points

  • Net Profit after Tax for the half year (excluding non-trading items) was $8.6 million or 8.7 cents per share (38.4% down on prior year). Reported profit (including non-trading items) was $7.5 million.
  • Total revenues of $166.8 million were 5.5% down on prior year, with the Christchurch earthquake accounting for 40% of the total decline.  Same store sales were down 3.5% for the half year, mainly from a lower Pizza Hut performance.
  • Earnings fell across all three barnds to a total EBITDA of $25.9 million, a decrease of $8.0 million (or 23.7%) on the previous half year, as a result of lower sales and higher input costs.
  • Directors have declared a fully imputed interim dividend payable on 25 November 2011 of 6.5 cents per ordinary share, down 0.5 cents on last year.

Restaurant Brands announces second quarter sales results

Restaurant Brands' total sales for the second quarter (16 Weeks ended 12 September 2011) were $93.9 million, a decrease of 6.5% million on the equivalent period last year.  The Sales reduction is partly due to store closures in Christchurch following the earthquake and the disposal of a number of Pizza Hut stores.  Same store sales were down 4.5%.

KFC total sales were down $0.6 million or 0.9% in the quarter (compared with a 6.7% increase in the prior year).  Starbucks Coffee sales decreased 8.3% and Pizza Hut sales decreased by 26.9%.

KFC same store sales were down 3.5% (versus a 5.9% increase in the prior year).  Starbucks Coffee had an increase of 6.2% and Pizza Hut saw a decline of 13.5%.

Restaurant Brands announces first quarter sales results

Restaurant Brands' total sales across the companys' 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 ot store closures in Christchurch following the warthquake ($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 Hut 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 fourth quarter sales results

Restaurant Brands' full year sales for the year ending 28 February 2011 were $324.4 million, an increase of 2.1% on the previous year. KFC was the primary driver behind the sales growth at 5.6%, with Pizza Hut declining 7.6% and Starbucks Coffee down 3.8%.

For same store sales on an annual basis, KFC saw a 4.4% increase (rolling over a 9.2% increase in the prior year). Starbucks had an annual increase of 0.8% and Pizza Hut saw a decline of 3.8%.

Total sales across the company’s three brands for the fourth quarter (12 weeks ended 28th February 2011) were $73.9 million, a decrease of 1.8% on the equivalent period last year. 

Same store sales decreased by 2.5% over the quarter.  The company saw same store sales decline in its KFC and Pizza Hut operations with Starbucks Coffee continuing modest same stores growth.

Transformed KFC Manurewa Reopens

KFC Manurewa opened on 09 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 brand 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.

Pizza Hut 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.
 
Restaurant Brands is proud to announce their first two franchises being:
Gavin and Megan Ward at Nelson, trading as 3 Little G Ltd; and
Hardik and Nitaben Desai at Pukekohe, trading as Tara and Sons Ltd.

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.

- 14 December 2010

KFC Tauranga reopens after transformation

KFC Tauranga reopened on Thursday 21 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 experioence 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.

Restaurant Brands announces half year profit results for the half year ended 13 September 2010  

Key points:

  • Net Profit after Tax for the half year (excluding non-trading items) was $13.9 million (50.3% up on prior year).  Reported profit (including non-trading items) was $13.5 million, up 51.9% on prior year.
  • Total revenues of $176.6 million were 3.9% up on prior year, with same store sales up 4.9% for the half, still primarily driven by KFC.
  • Earnings strongly improved across all three brands to a total EBITDA of $34.0 million, an increase of $6.4 million (or 23.3%) on the previous half year as the benefits of improved sales, higher efficiencies and reduced input costs flowed through.
  • Directors have declared a fully imputed interim dividend payable on 26 November 2010 of 7.0 cents per ordinary share, up 55.6% on last year.

 

- 20 October 2010 

KFC Nelson reopens after transformation

KFC Nelson re-opened its doors to the public at 12 noon on Thursday October 7th - revealing the $1.9 million refurbishment that has taken place at the Tahunanui site.  As well as creating a superb new store for locals to enjoy, the transformation project employed local contractors and created 20 extra jobs at KFC, filled by people from the local community.

KFC Nelson was refurbished in two parts:  the Drive Thru was closed for six weeks from mid June while initial work took place and the entire store was then closed for a further six weeks while work was completed.  KFC Nelson is the 50th store to be transformed as part of KFC's ambitious transformation programme launched in 2004.

Transformed KFC New Plymouth opens

The newly renovated KFC New Plymouth re-opened its doors to the public on Thursday 23rd September.  KFC has been part of this area for more than 35 years since they first opened in 1974, so it is well and truly part of the community.  In addition to the $1.9 million invested in transforming KFC New Plymouth, we have created a great working environment for our staff, whilst delivering a superior dining experience to our customers and creating a thriving business that local suppliers can benefit from.  It is especially exciting that, as part of this transformation, KFC has created 10 new jobs - additional to the 38 existing positions which have all been filled by keen locals.  

 KFC New Plymouth is an example of everything that is great about this brand - a local team dedicated to being relevant within their community.

Restaurant Brands announces second quarter sales up 3.7%

Restaurant Brands' total sales across the company's three brands for the second quarter (16 weeks ended 13th September 2010) were $100.4 million, an increase of 3.7% on the equivalent period last year.  Same store sales increased 3.9%.

The company continued to enjoy sustained growth for its KFC brand and saw a return to same store sales growth for Starbucks Coffee, but Pizza Hut sales still remained slightly down on last year.

Year to date sales of $176.3 million were up 3.9% on prior year and 4.9% on a same store basis.  

KFC Papakura reopens after nine week closure 

KFC Papakura reopened to the public on Thursday 9 September, making Papakura the 48th store to be transformed, giving the Papakura community their very own "new look" KFC and creating 35 new jobs in the Papakura community.  This extensive redevelopment cost $1.5 million and meant that the store was closed for nine weeks.

Of course, in one important respect KFC Papakura stays the same - the team will continue serving up delicious chicken meals and snacks using fresh, quality ingredients that are papred and cooked right on the premises.  However, Papakura locals returning to the store will notice an array of new additions designed to enhance their dining experience at KFC, including booth seating, longer tables for family and group dining, a new outdoor seating area and a fantastic new Krushbar serving up the nine delicious flavours of KFC Krushers.

KFC Levin reopens after fire  

dsc03123After being forced to close last December when fire caused extensive internal damage, KFC Levin reopened to the public on Thursday 15 July - giving Levin locals their first taste of the "new look" KFC.

 The extensive redevelopment of KFC Levin cost $1.7 million and makes it the 47th KFC to be refurbished as part of a national transformation programme that began in 2004 and the newest KFC restaurant in the country.  35 new jobs have been created in the community.

 "The transformation of KFC Levin into one of our new look stores is a case of good from bad.  Obviously we were very disappointed when fire damage closed the store last December - however, the silver lining has been that Levin's transformation was fast-tracked and the town now has the newest restaurant in the country", says KFC General Manager, Brent Kitto.

Locals returning to the store will have noticed an array of new additions designed to enhance their dining experience at KFC Levin, including booth seating and longer tables for family and group dining, a new outdoor seating area, a Krushbar and high-tech touches like plasma screens.

Brand new store opens in Gate Pa, Tauranga 

KFC Gate Pa in Tauranga opened its doors to the public on Friday 9 July and is the newest addition to the KFC family for Restaurant Brands.  This new store took 12 weeks to develop, costing $1.2 million, and created 40 new jobs in the Tauranga community.  Features include booth seating, family and group dining areas, outdoor seating, a plasma screen, great looking murals and a Krushbar.  KFC Gate Pa is the 87th store in the Restaurant Brands store network.

And the investment in the area doesn't end with Gate Pa.  KFC Tauranga has now been closed for transformation and is scheduled to reopen mid October.

Restaurant Brands unveils transformed KFC Colombo Street store in Christchurch

KFC Colombo Street reopened on Thursday 17th June and is the 45th store to be refurbished as part of KFC's national transformation programme.  The $1.7 million transformation has created 21 extra jobs in the Christchurch community.

 KFC Colombo Street (one of nine KFC stores in Christchurch) first opened in 1974 and has been in the community for 35 years.  However, after the three month closure, Christchurch locals will notice new features including booth seating and long tables and a new outdoor seating area, a plasma screen and new Krushbar.

Restaurant Brands opens newly refurbished store in Dee Street, Invercargill

A newly refurbished KFC Dee Street in Invercargill was re-opened to the public on Thursday 10th June 2010.  KFC Dee St (which was closed for 14 weeks during the re-development) is the 44th store to be refurbished as part of a national transformation programme that began in 2004 - the transformation has created 25 extra jobs that have been filled by people from the local community.

Invercargill locals returning the store will have noticed 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 Krushbar and high tech touches like a plasma screen.

Restaurant Brands announces first quarter sales up 4.2%

Restaurant Brands' total sales across the company's three brands for the first quarter (12 weeks ended 24th May 2010) were $75.9 million, an increase of 4.2% on the equivalent period last year.  Same store sales increased 6.3%.

The company continues to enjoy sustained growth for its KFC brand, which recorded double digit same store sales growth during the quarter, but Starbucks Coffee and Pizza Hut sales were slightly down on last year.

Restaurant Brands opens new store in Pt Chevalier, Auckland

A new KFC store in Pt Chevalier in Auckland was opened to the public on Monday 10th May.  The store was under development for more than three months and represents an investment of over $2 million.  The store has created 40 new jobs in the community.

KFC is excited to become a part of the Pt Chevalier neighbourhoos and, in conjunction with the local council, have commissioned a special mural for the exterior of the new store that celebrates the local community.

 The development of KFC Pt Chevalier is part of the ongoing building and transformation project for the KFC brand.  Since 2004, KFC has been systematically refurbishing all KFC stores across New Zealand and identifying areas - such as Pt Chevalier - where new stores can be developed.

The Pt Chevalier opening brings total KFC stores run by Rstaurant Brands to 86.

Restaurant Brands announces full year profit

Restaurant Brands announces that for the year ended 28 February 2010, the company has produced a Group Net Profit after Tax (excluding non trading items) of $19.9 million (20.5 cents per share), up 70% or $8.2 million on prior year, as a result of continued strong performance by KFC and a solid turnaround in Pizza Hut.

A final full year fully imputed dividend of 8.0 cents per share has been declared, making a full year dividend of 12.5 cents, up 5.5 cents or 79% on prior year (13/04/10).

KFC opens new store in Greenlane, Auckland

Greenlane_opensRestaurant Brands opened its 85th store in Greenlane, Auckland on the 17th December 2009.  Restaurant Brands is committed to growing its KFC business both through opening new stores and the transformation of existing stores.  (17/12/09)

Pizza Hut Stores

PizzaHut_StoreFrontRestaurant Brands has concluded an agreement with Yum! Restaurants International on the future of the Pizza Hut brand in New Zealand.  This agreement provides for Restaurants Brands' continued franchise of the brand, but with greater flexibility to sell down to independent franchisees.  (23/06/09)

 
 
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