Announcement
MKTUPDTE: RBD: Restaurant Brands Second Quarter Sales
08:59am
RBD
19/09/2019 08:59
MKTUPDTE
PRICE SENSITIVE
REL: 0859 HRS Restaurant Brands New Zealand Limited
MKTUPDTE: RBD: Restaurant Brands Second Quarter Sales
19 September 2019
ASX/NZX
Restaurant Brands Strong Sales Growth Continues in the Second Quarter
Restaurant Brands' total sales for the second quarter of the financial year
(16 weeks to 9 September 2019) were $259.7 million, an increase of $8.8
million or 3.5% on the equivalent period last year. Each of its operating
divisions (New Zealand, Australia and Hawaii) maintained strong same store
sales growth with sales increases of +5.4%, +5.8% and +9.6% respectively.
New Zealand operations sales were $134.8 million, up 1.5% in total (despite
the sale of the Starbucks Coffee business in October 2018), and up 5.4% on a
same store basis. Australian KFC outlets produced sales of $NZ62.0 million,
up 5.8% on both a total basis and a same store basis (local currency).
Hawaiian operations sales were $NZ62.9 million, up 6.4% on a total basis and
9.6% on a same store basis (local currency).
Year to date sales were $442.6 million, an increase of 2.7% over the prior
year on a total basis.
Company store numbers were down by 20 on the equivalent period last year to
285, primarily from the sale of the 22 Starbucks Coffee stores in October
2018.
KFC New Zealand
Second quarter sales for KFC New Zealand were $113.5 million, an increase of
8.8% on the equivalent period last year and up 6.1% on a same store basis for
this quarter.
Year to date sales for KFC New Zealand were $193.5 million, an increase of
7.9% on a total basis and 5.7% on a same store basis.
Store numbers remained constant during the quarter, but increased by three on
the prior year with the opening of stores last quarter at Bombay (south of
Auckland), Courtenay Place in Wellington (in the new CBD format) and Tauranga
Crossing.
Pizza Hut New Zealand
Second quarter sales for Restaurant Brands-owned Pizza Hut stores were $10.6
million, a decrease of 5.9% on the equivalent period last year. Same store
sales for the quarter decreased by 4.3%.
Year to date sales for Restaurant Brands-owned Pizza Hut stores were $18.3
million, a decrease of 10.5% in total, and down 4.4% on a same store basis.
Restaurant Brands-owned store numbers decreased by one during the quarter and
were up by one from last year to 30, as the brand continues to build and sell
stores to independent franchisees. There are now 70 Pizza Hut stores
operated by independent franchisees of a network of 100 stores.
Network total sales for the quarter were $30.9 million, a decrease of 4.7%.
Year to date network total sales were $53.6 million, a decrease of 4.0%.
Carl's Jr.
Total Carl's Jr. sales for the second quarter were $10.7 million, an increase
of 8.3% on the equivalent period last year following the introduction of
delivery via the UberEats platform. Same store sales for the quarter were up
by 8.2%.
Year to date sales for Carl's Jr. were $19.0 million, an increase of 8.8% on
a total basis and 9.8% on a same store basis.
Store numbers remained steady at 18 during the quarter.
KFC Australia
Second quarter sales for KFC Australia were $A58.8 million ($NZ62.0 million),
an increase of 5.8% on both a total basis and a same store basis (local
currency).
Year to date sales for KFC Australia were $A99.5 million ($NZ104.8 million),
an increase of 4.2% on a total basis and 5.9% on a same store basis (local
currency).
Store numbers remained constant at 61 during the quarter.
Taco Bell Hawaii
Total Taco Bell sales for the second quarter were up to $US25.0 million
($NZ38.1 million) on the back of several successful promotions. This was an
increase of 11.1% on a total basis and 14.5% on a same store basis (local
currency).
Year to date sales for Taco Bell were $US42.4 million ($NZ64.0 million), an
increase of 9.8% on a total basis and 13.7% on a same store basis (local
currency).
Store numbers remained steady at 36 during the quarter.
Pizza Hut Hawaii
Pizza Hut Hawaii sales for the second quarter were $US16.2 million ($NZ24.7
million), flat to the prior year on a total basis and up 2.8% on a same store
basis (local currency).
Year to date Pizza Hut Hawaii sales were $US28.5 million ($NZ42.9 million),
an increase of 0.1% on a total basis and up 2.9% on a same store basis (local
currency).
Store numbers were down one during the quarter and down two on last year,
following the expiry of leases on the Tamuning and Kona stores.
Half Year Results
The company expects to release its half year trading results on 16 October
2019.
For further information please contact:
Russel Creedy Grant Ellis
CEO CFO/Company Secretary
Phone: +64 9 525 8700 Phone: +64 9 525 8700
RESTAURANT BRANDS NEW ZEALAND LIMITED
Quarterly Sales Report
Summary of Results for the 2nd Quarter (Q2)
(for the 16 weeks 21/05/19 to 09/09/19)
2019/20 ($000's) 2018/19 ($000's) Change
Total Store Sales ($NZ)
Q2 2019/20 vs Q2 2018/19
KFC New Zealand 113,477 104,299 8.8%
Pizza Hut New Zealand 10,606 11,275 (5.9%)
Starbucks Coffee - 7,304 (100.0%)
Carl's Jr. 10,740 9,913 8.3%
New Zealand 134,823 132,792 1.5%
KFC Australia * 62,040 60,600 2.4%
Taco Bell * 38,140 33,476 13.9%
Pizza Hut Hawaii * 24,740 24,092 2.7%
Hawaii * 62,880 57,569 9.2%
Total Store Sales 259,743 250,960 3.5%
YTD 2019/20 vs YTD 2018/19
KFC New Zealand 193,487 179,264 7.9%
Pizza Hut New Zealand 18,309 20,452 (10.5%)
Starbucks Coffee - 13,049 (100.0%)
Carl's Jr. 19,001 17,461 8.8%
New Zealand 230,797 230,226 0.2%
KFC Australia * 104,846 103,391 1.4%
Taco Bell * 63,998 56,115 14.0%
Pizza Hut Hawaii * 42,921 41,255 4.0%
Hawaii * 106,919 97,370 9.8%
Total Store Sales 442,563 430,987 2.7%
* - Converted at exchange rates on following page
Same Store Sales (Local Currency)
Q2 2019/20 vs Q2 2018/19
KFC New Zealand 109,896 103,591 6.1%
Pizza Hut New Zealand 9,924 10,371 (4.3%)
Carl's Jr. 10,724 9,907 8.2%
New Zealand ($NZ) 130,543 123,869 5.4%
KFC Australia ($A) 56,779 53,651 5.8%
Taco Bell 24,654 21,526 14.5%
Pizza Hut Hawaii 15,996 15,557 2.8%
Hawaii ($US) 40,650 37,084 9.6%
YTD 2019/20 vs YTD 2018/19
KFC New Zealand 188,378 178,201 5.7%
Pizza Hut New Zealand 17,165 17,963 (4.4%)
Carl's Jr. 18,981 17,293 9.8%
New Zealand ($NZ) 224,524 213,457 5.2%
KFC Australia ($A) 96,486 91,105 5.9%
Taco Bell 41,892 36,841 13.7%
Pizza Hut Hawaii 28,068 27,270 2.9%
Hawaii ($US) 69,960 64,111 9.1%
RESTAURANT BRANDS NEW ZEALAND LIMITED
Quarterly Sales Report
Summary of Results for the 2nd Quarter (Q2)
(for the 16 weeks 21/05/19 to 09/09/19)
2019/20 ($000's) 2018/19 ($000's) Change
Total Store Sales (Local Currency)
Q2 2019/20 vs Q2 2018/19
KFC Australia ($A) 58,796 55,595 5.8%
Taco Bell 24,969 22,482 11.1%
Pizza Hut Hawaii 16,195 16,193 0.0%
Hawaii ($US) 41,164 38,675 6.4%
YTD 2019/20 vs YTD 2018/19
KFC Australia ($A) 99,458 95,480 4.2%
Taco Bell 42,413 38,640 9.8%
Pizza Hut Hawaii 28,460 28,443 0.1%
Hawaii ($US) 70,873 67,083 5.6%
2019/20 2018/19 Change
Number Of Stores Open At Quarter End
KFC New Zealand 97 94 3
Pizza Hut New Zealand 30 29 1
Starbucks Coffee - 22 (22)
Carl's Jr. 18 18 -
New Zealand 145 163 (18)
KFC Australia 61 61 -
Taco Bell 36 36 -
Pizza Hut Hawaii 43 45 (2)
Hawaii 79 81 (2)
Total Stores 285 305 (20)
Exchange Rates
- Blended $A:$NZ rate for Q2 0.948 0.917 0.030
- Blended $A:$NZ rate for YTD 0.949 0.923 0.025
- Blended $US:$NZ rate for Q2 0.655 0.672 (0.017)
- Blended $US:$NZ rate for YTD 0.663 0.689 (0.026)
Note: Some sales numbers for each of the concepts may not aggregate in
total due to rounding.
End CA:00341197 For:RBD Type:MKTUPDTE Time:2019-09-19 08:59:52
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