28 May 2014
Restaurant Brands' total sales during the first quarter (12 weeks ended 19 May 2014) were $77.7 million, an increase of 5.9% or $4.3 million on the equivalent period last year, with all four brands recording positive sales growth.
Of the total increase in sales KFC was the key contributor at $2.8 million with Carl’s Jr. contributing a further $1.4 million.
Same store sales for the company were up 4.3% with strong growth in KFC which grew 5.0%. Starbucks Coffee was up 5.5% and Pizza Hut up 9.3%. Carl’s Jr was down 36.2% as it rolled over very high new store opening sales in the four stores open in the prior year.
9 April 2014
Group Net Profit after Tax (excluding non-trading items) was $18.9 million (19.3 cents per share), up 6.8% on prior year.
Total Group Revenue of $330.4 million was up $17.6 million (+5.6%) with growth from KFC and the roll out of the Carl's Jr. brand.
KFC sales continued to grow to a new high of $241.5 million despite competitive market conditions.
Pizza Hut and Starbucks Coffee continued to deliver solid same store sales growth, up 15.3% and 5.7% respectively.br>
The roll out of the new Carl's Jr. brand commenced in earnest with six new stores opened over the year, contributiong $12.4 million in incremental revenue and bringing store numbers to eight.
Total store EBITDA of $53.5 million was up $2.0 million (3.9%) on the prior year with a continued strong performance by Pizza Hut and Starbucks Coffee, together with positive earnings from Carl's Jr. offsetting slightly reduced margins in KFC.
Operating cash flows were $32.7 million, marginally down on prior year. Investing cas flows were $9.8 million favourable to the prior year with the impact of property sale and leasebacks and continued sell down of Pizza Hut stores. As a result new debt fell to $8.2 million at year end.
A final fully imputed devident of 10.0 cents per share will be paid on 27 June, making a full year dividend of 16.5 cents (up 3.1% on the previous year).
5 March 2014
Restaurant Brands' total sales across the company’s four brands during the fourth quarter (12 weeks ended 24 February 2014) were $77.6 million, an increase of 6.4% or $4.7 million on the equivalent period last year.
The Carl’s Jr. brand of burger restaurants, launched in November 2012 was a key contributor to the sales increase at $1.9 million with KFC contributing $2.7 million.
Same store sales for the company were up 3.5% with strong growth in KFC which grew 4.1%. Starbucks Coffee was up 7.6% and Pizza Hut up 8.9%. Carl’s Jr was down 59.1% as it rolled over very high new store opening sales in the two stores opened last year.
11 December 2013
Restaurant Brands' total sales across the company’s four brands during the third quarter (12 weeks ended 2 December 2013) were $76.2 million, an increase of 5.4% or $3.9 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 $3.9 million.
Starbucks Coffee sales increased 2.7%, with Pizza Hut down 0.4% and KFC total sales decreasing 0.1% in the quarter against the prior year.
Same store sales for the company were up 0.2% with strong growth in Starbucks Coffee up 7.7% and Pizza Hut up 12.7% with KFC showing a decrease of 2.7%.
3 December 2013
Auckland Airport Retail has welcomed two new restaurants to the area, Carl’s Jr. and KFC on the corner of George Bolt Memorial and John Goulter Drives.
The $4.5 million investment by parent company Restaurant Brands signals their confidence in the growth potential of the Auckland Airport Shopping Centre. Both restaurants have drive-thru and feature new innovations such as digital menu panels.
Restaurant Brands CEO, Russel Creedy, says they “expect customers to come from the local community and people travelling to the airport.”
Carl’s Jr. is still a relative newcomer to the New Zealand market but has quickly become a firm favourite with Kiwis.
Creedy says “Carl’s Jr. is the ultimate destination for burger enthusiasts. We use 100% certified Angus beef in our Thickburgers and every meal is made-to-order and delivered to your table, in an inviting environment.”
It has just launched a promotional burger called the Hawaiian Teriyaki Burger featuring its signature- charbroiled beef, teriyaki glaze and grilled pineapple.
Carl’s Jr. opens at 7am daily and features a breakfast menu, which includes breakfast platters, sandwiches, pancakes and hash rounds.
Each of the new restaurants will seat approximately 80 people and employ 40 people from the local community.
KFC has just launched two special Surf Safe Variety meals and will donate $2 per sale to Surf Life Saving NZ, which launches its annual appeal this week.
17 October 2013
• Net Profit after Tax (excluding non-trading items) for the 28 weeks ended 9 September 2013 (1H 2014) was $8.8 million (9.0 cents per share), the same as the prior period (1H 2013). Reported profit (including non-trading items) was $9.7 million (9.9 cents per share), up $2.8 million or 41.4% on the prior period.
• Total revenues of $176 million were up 5.3% on the previous half year, mainly because of the contribution from the new Carl’s Jr. brand. Same store sales were up 2.9% for the half year, driven by ongoing improvement in Pizza Hut which was up 19.3%.
• Total brand EBITDA was up $0.2 million to $27.2 million, with a very strong performance by Pizza Hut, partly offset by lower earnings from KFC and new store establishment costs in Carl’s Jr.
• Non-trading items made a positive pre-tax contribution of $1.1 million, mainly arising from the successful sale and leaseback of two KFC stores in Lower Hutt and Greenlane.
• Directors have declared a fully imputed interim dividend payable on 22 November 2013 of 6.5 cents per ordinary share, consistent with last year.
18 September 2013
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.