Restaurant Brands Third Quarter Sales

14 December 2017 ASX/NZX Restaurant Brands' Third Quarter Sales up 45.1% following Australian and Hawaiian acquisitions Restaurant Brands' total sales during the third quarter of the financial year (12 weeks ended 4 December 2017) were $173.3 million, an increase of 45.1% or $53.9 million on the equivalent period last year. The bulk of the increase ($39.2 million) came from the 37 Taco Bell and 45 Pizza Hut outlets in Hawaii, Guam and Saipan acquired in March 2017. A further $10.8 million came from newly acquired KFC stores in Australia with $3.9 million from New Zealand operations. Group same store sales for the quarter were up 6.2% with New Zealand operations up 4.7% and Australia up 11.4%. Year to date sales were $559.5 million, an increase of 49.0% over the prior year on a total basis, and up 6.6% on a same store basis. Total company store numbers were up by 96 on the equivalent period last year to 310, primarily from the 82 store Hawaiian acquisition and a further 17 KFC stores acquired in Australia. KFC New Zealand Third quarter sales for KFC New Zealand were $73.5 million, an increase of 7.6% on the equivalent period last year on a total sales basis and up 5.6% on a same store basis. Year to date sales for KFC New Zealand were $243.9 million, an increase of 8.0% on a total sales basis and up 6.6% on a same store basis. Store numbers increased by one to 93 during the quarter with the opening of a new concept design in Fort Street Auckland. Store numbers were also one up on the same period last year. Pizza Hut New Zealand Total third quarter sales for Restaurant Brands-owned Pizza Hut stores were $9.3 million, a decrease of 2.5% on the equivalent period last year, due to having two less stores because of sales to independent franchisees in previous quarters. Same store sales for the quarter increased by 5.5%. Year to date sales for Restaurant Brands-owned Pizza Hut stores were $32.1 million, an increase of 1.9% on a total basis, and up 9.1% on a same store basis. Company owned store numbers remained steady during the quarter at 34 stores. There are now 61 Pizza Huts operated by independent franchisees, bringing the total network to 95 stores. Network total sales for the quarter were $23.1m, an increase of 8.2%. Year to date network total sales were $78.0 million, an increase of 11.1%. Starbucks Coffee Starbucks Coffee total sales for the third quarter were $6.0 million, a 5.9% decrease on the equivalent period last year. Same store sales for the quarter were up 6.4%. Year to date sales for Starbucks Coffee were $19.4 million, an increase of 6.5% on a same store basis. There were 23 stores trading over the quarter, one down on prior year. Carl's Jr. Total sales for the third quarter were $8.1 million, down 7.8% following the closure of the Otahuhu store at the end of last year. On a same store basis sales were down by 5.2%. Year to date sales for Carl's Jr. were $26.9 million, a decrease of 3.2% on a same store basis. Store numbers remained constant at 19 during the quarter, one down on prior year. KFC Australia Restaurant Brands started the year with 42 KFC stores in New South Wales, Australia. During the first quarter the company acquired five KFC stores from independent franchises. Three independent franchise and eight Yum! KFC stores were acquired in the third quarter along with a store opening bringing store numbers to 59. The 59 stores contributed $A33.7 million ($NZ37.3 million) in total sales during the third quarter, up 5.9% on a same store basis for the quarter. Year to date sales for KFC Australia were $A100.5 million ($NZ109.1 million), an increase of 5.9% on a same store basis. Taco Bell and Pizza Hut Hawaii On 7 March 2017 Restaurant Brands acquired 37 Taco Bell and 45 Pizza Hut stores in Hawaii, Guam and Saipan. The 82 acquired stores contributed $US27.3 million ($NZ39.2 million) in total sales in the third quarter. Year to date sales for the 39 weeks since acquisition were $US91.2 million (NZ$128.1 million). Of the 82 stores, the Taco Bell and Pizza Hut stores located at Pearl Harbour are temporarily closed due to ongoing infrastructure work on the base and are scheduled to reopen in March 2018. 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 12/09/2017 to 04/12/2017) 2017/18 ($000's) 2016/17 ($000's) Change Q3 2017/18 vs Q3 2016/17 Total Store Sales - KFC New Zealand 73,549 68,323 7.6% Total Store Sales - Pizza Hut New Zealand 9,258 9,493 -2.5% Total Store Sales - Starbucks Coffee 5,977 6,353 -5.9% Total Store Sales - Carl's Jr. 8,079 8,761 -7.8% Total Store Sales - New Zealand 96,863 92,930 4.2% Total Store Sales - KFC Australia * 37,279 26,513 40.6% Total Store Sales - Taco Bell * 22,422 - - Total Store Sales - Pizza Hut Hawaii * 16,778 - - Total Store Sales - Hawaii * 39,200 - - Total Store Sales 173,342 119,443 45.1% Same Store Sales - KFC New Zealand 71,835 67,998 5.6% Same Store Sales - Pizza Hut New Zealand 9,153 8,677 5.5% Same Store Sales - Starbucks Coffee 5,976 5,615 6.4% Same Store Sales - Carl's Jr. 8,079 8,522 -5.2% Total Same Store Sales - New Zealand 95,043 90,812 4.7% Same Store Sales - KFC Australia * 29,451 26,437 11.4% Same Store Sales - Taco Bell * N/A - - Same Store Sales - Pizza Hut Hawaii * N/A - - Total Same Store Sales - Hawaii * N/A - - Total Same Store Sales 124,495 117,249 6.2% YTD 2017/18 vs YTD 2016/17 Total Store Sales - KFC New Zealand 243,856 225,739 8.0% Total Store Sales - Pizza Hut New Zealand 32,120 31,515 1.9% Total Store Sales - Starbucks Coffee 19,402 20,138 -3.7% Total Store Sales - Carl's Jr. 26,882 28,099 -4.3% Total Store Sales - New Zealand 322,260 305,492 5.5% Total Store Sales - KFC Australia * 109,143 70,109 55.7% Total Store Sales - Taco Bell * 73,372 - - Total Store Sales - Pizza Hut Hawaii * 54,697 - - Total Store Sales - Hawaii * 128,069 - - Total Store Sales 559,472 375,601 49.0% Same Store Sales - KFC New Zealand 239,886 225,002 6.6% Same Store Sales - Pizza Hut New Zealand 31,910 29,255 9.1% Same Store Sales - Starbucks Coffee 19,370 18,189 6.5% Same Store Sales - Carl's Jr. 26,529 27,411 -3.2% Total Same Store Sales - New Zealand 317,695 299,857 5.9% Same Store Sales - KFC Australia * 76,432 69,919 9.3% Same Store Sales - Taco Bell * N/A - - Same Store Sales - Pizza Hut Hawaii * N/A - - Total Same Store Sales - Hawaii * N/A - - Total Same Store Sales 394,127 369,776 6.6% RESTAURANT BRANDS NEW ZEALAND LIMITED Quarterly Sales Report Summary of Results for the 3rd Quarter (Q3) (for the 12 weeks 12/09/2017 to 04/12/2017) 2017/18 ($000's) 2016/17 ($000's) Change NUMBER OF STORES OPEN AT QUARTER END KFC New Zealand 93 92 1 Pizza Hut New Zealand 34 36 -2 Starbucks Coffee 23 24 -1 Carl's Jr. 19 20 -1 Total - New Zealand 169 172 -3 Total - KFC Australia 59 42 17 Taco Bell 37 - 37 Pizza Hut Hawaii 45 - 45 Total - Hawaii 82 - 82 Total Stores 310 214 96 AUSTRALIAN SALES IN AUD Q3 2017/18 vs Q3 2016/17 Total Store Sales - KFC Australia 33,741 25,250 33.6% Same Store Sales - KFC Australia 26,657 25,178 5.9% YTD 2017/18 vs YTD 2016/17 Total Store Sales - KFC Australia 100,460 66,633 50.8% Same Store Sales - KFC Australia 70,351 66,452 5.9% HAWAIIAN SALES IN USD Q3 2017/18 vs Q3 2016/17 Total Store Sales - Taco Bell 15,618 - - Total Store Sales - Pizza Hut Hawaii 11,686 - - Total Store Sales - Hawaii 27,304 - - Same Store Sales - Taco Bell N/A - - Same Store Sales - Pizza Hut Hawaii N/A - - Total Same Store Sales - Hawaii N/A - - YTD 2017/18 vs YTD 2016/17 Total Store Sales - Taco Bell 52,246 - - Total Store Sales - Pizza Hut Hawaii 38,938 - - Total Store Sales - Hawaii 91,185 - - Same Store Sales - Taco Bell N/A - - Same Store Sales - Pizza Hut Hawaii N/A - - Same Store Sales - Hawaii N/A - - Some Sales numbers for each of the concepts may not aggregate in total due to rounding. * Note: - Blended AUD:NZD rate for Q3 0.905 0.952 -0.047 - Blended AUD:NZD rate for YTD 0.920 0.950 -0.030 - Blended USD:NZD rate for Q3 0.697 - - - Blended USD:NZD rate for YTD 0.712 - - End CA:00311936 For:RBD Type:MKTUPDTE Time:2017-12-14 09:09:38