Restaurant Brands First Quarter Sales

31 May 2018 ASX/NZX Restaurant Brands' First Quarter Sales up 11.7% following further Australian acquisitions. Restaurant Brands' total sales for the first quarter of the financial year (12 weeks to 21 May 2018) were $180.0 million, an increase of 11.7% or $18.8 million on the equivalent period last year. New Zealand operations generated sales of $97.4 million, up 2.8% on a total basis and 2.6% on a same store basis. Australian KFC outlets produced sales of $42.8 million, up 44.1% on a total store basis, and 3.7% on a same store basis. Hawaiian operations generated sales of $39.8 million, up 8.4% on a total basis and down 2.3% on a same store basis. Total company store numbers were up by 11 on the equivalent period last year to 309, primarily from the acquisition of a further 13 KFC stores in Australia. KFC New Zealand For the first quarter sales for KFC New Zealand were $75.0 million, an increase of 5.8% on the equivalent period last year on a total store basis and up 4.3% on a same store basis for this quarter. Store numbers remained steady at 94 during the quarter. Pizza Hut New Zealand Total first quarter sales for Restaurant Brands-owned Pizza Hut stores were $9.2 million, a decrease of 5.4% on the equivalent period last year. Same store sales for the quarter decreased by 5.0%. Company owned stores reduced by three during the quarter to 33 with three Pizza Hut stores sold to independent franchisees. There are now 65 Pizza Hut stores operated by independent franchisees, bringing the total network to 98 stores. Network total sales for the quarter were $23.4 million, an increase of 1.2%. Starbucks Coffee Starbucks Coffee total sales for the first quarter were $5.7 million, a 6.1% decrease on the equivalent period last year following the closure of two stores. Same store sales for the quarter were up 2.1%. Store numbers remained steady at 22 during the quarter. Carl's Jr. Total sales for the first quarter were $7.5 million, a decrease of 6.9% on the equivalent period last year, and down on a same store basis by 2.8%. Store numbers reduced by one to 18 with the compulsory closure of Upper Harbour store due to road development. KFC Australia First quarter sales for KFC Australia were $A39.9 million ($NZ42.8 million), an increase of 44.8% on a total store basis and 4.2% on a same store basis. Store numbers remained steady at 61 stores during the quarter. Store numbers were 14 up on last year from the acquisition of 13 stores and one new store opening. Taco Bell Hawaii Total sales for the first quarter were $US16.2 million ($NZ22.6 million), an increase of 10.0% on a total store basis due to a week's extra trading. Sales were 0.9% up on a same store basis. Store numbers remained steady at 36 during the quarter, and reduced by one on last year with the closure of Pearlridge due to the lease expiring. Pizza Hut Hawaii Total sales for the first quarter were $US12.3 million ($NZ17.2 million), an increase of 10.9% on a total store basis due to a week's extra trading. Sales were 2.2% down on a same store basis. Store numbers remained steady at 45 during the quarter. During last year a new store opened at Mall Stadium to replace the Pearlridge store which closed due to the lease expiring. For further information please contact: Russel Creedy Grant Ellis CEO CFO/Company Secretary Phone: 525 8710 Phone: 525 8710 ENDS RESTAURANT BRANDS NEW ZEALAND LIMITED Quarterly Sales Report Summary of Results for the 1st Quarter (Q1) (for the 12 weeks 27/02/2018 to 21/05/18) 2018/19 ($000's)2017/18 ($000's)Change Q1 2018/19 vs Q1 2017/18 Total Store Sales - KFC New Zealand 74,965 70,883 5.8% Total Store Sales - Pizza Hut New Zealand 9,177 9,698 -5.4% Total Store Sales - Starbucks Coffee 5,744 6,117 -6.1% Total Store Sales - Carl's Jr.7,547 8,106 -6.9% Total Store Sales - New Zealand 97,434 94,803 2.8% Total Store Sales - KFC Australia *42,791 29,701 44.1% Total Store Sales - Taco Bell * 22,638 20,954 8.0% Total Store Sales - Pizza Hut Hawaii * 17,163 15,768 8.8% Total Store Sales - Hawaii * 39,802 36,723 8.4% Total Store Sales 180,027 161,227 11.7% Same Store Sales - KFC New Zealand 73,252 70,258 4.3% Same Store Sales - Pizza Hut New Zealand 8,836 9,298 -5.0% Same Store Sales - Starbucks Coffee 5,726 5,608 2.1% Same Store Sales - Carl's Jr. 7,547 7,764 -2.8% Total Same Store Sales - New Zealand 95,360 92,928 2.6% Same Store Sales - KFC Australia * 29,593 28,543 3.7% Same Store Sales - Taco Bell * 20,391 20,590 -1.0% Same Store Sales - Pizza Hut Hawaii * 15,136 15,763 -4.0% Total Same Store Sales - Hawaii * 35,527 36,353 -2.3% Total Same Store Sales 124,953 121,471 2.9% YTD 2018/19 vs YTD 2017/18 Total Store Sales - KFC New Zealand 74,965 70,883 5.8% Total Store Sales - Pizza Hut New Zealand 9,177 9,698 -5.4% Total Store Sales - Starbucks Coffee 5,744 6,117 -6.1% Total Store Sales - Carl's Jr. 7,547 8,106 -6.9% Total Store Sales - New Zealand 97,434 94,803 2.8% Total Store Sales - KFC Australia * 42,791 29,701 44.1% Total Store Sales - Taco Bell * 22,638 20,954 8.0% Total Store Sales - Pizza Hut Hawaii * 17,163 15,768 8.8% Total Store Sales - Hawaii * 39,802 36,723 8.4% Total Store Sales 180,027 161,227 11.7% Same Store Sales - KFC New Zealand 73,252 70,258 4.3% Same Store Sales - Pizza Hut New Zealand 8,836 9,298 -5.0% Same Store Sales - Starbucks Coffee 5,726 5,608 2.1% Same Store Sales - Carl's Jr. 7,547 7,764 -2.8% Total Same Store Sales - New Zealand 95,360 92,928 2.6% Same Store Sales - KFC Australia * 29,593 28,543 3.7% Same Store Sales - Taco Bell * 20,391 20,590 -1.0% Same Store Sales - Pizza Hut Hawaii * 15,136 15,763 -4.0% Total Same Store Sales - Hawaii * 65,120 64,896 0.3% Total Same Store Sales 124,953 121,471 2.9% RESTAURANT BRANDS NEW ZEALAND LIMITED Quarterly Sales Report Summary of Results for the 1st Quarter (Q1) (for the 12 weeks 27/02/2018 to 21/05/18) 2018/19 2017/18 Change NUMBER OF STORES OPEN AT QUARTER END KFC New Zealand 94 92 2 Pizza Hut New Zealand 33 34 -1 Starbucks Coffee 22 24 -2 Carl's Jr. 18 19 -1 Total - New Zealand 167 169 -2 Total - KFC Australia 61 47 14 Taco Bell 36 37 -1 Pizza Hut Hawaii 45 45 - Total - Hawaii 81 82 -1 Total Stores 309 298 11 2018/19 ($000's)2017/18 ($000's)Change AUSTRALIAN SALES IN AUD Q1 2018/19 vs Q1 2017/18 Total Store Sales - KFC Australia 39,885 27,550 44.8% Same Store Sales - KFC Australia 27,583 26,476 4.2% YTD 2018/19 vs YTD 2017/18 Total Store Sales - KFC Australia 39,885 27,550 44.8% Same Store Sales - KFC Australia 27,583 26,476 4.2% HAWAIIAN SALES IN USD Q1 2018/19 vs Q1 2017/18 Total Store Sales - Taco Bell 16,158 14,686 10.0% Total Store Sales - Pizza Hut Hawaii 12,250 11,051 10.9% Total Store Sales - Hawaii 28,408 25,736 10.4% Same Store Sales - Taco Bell 14,554 14,430 0.9% Same Store Sales - Pizza Hut Hawaii 10,803 11,047 -2.2% Total Same Store Sales - Hawaii 25,357 25,477 -0.5% YTD 2018/19 vs YTD 2017/18 Total Store Sales - Taco Bell 16,158 14,686 10.0% Total Store Sales - Pizza Hut Hawaii 12,250 11,051 10.9% Total Store Sales - Hawaii 28,408 25,736 10.4% Same Store Sales - Taco Bell 14,554 14,430 0.9% Same Store Sales - Pizza Hut Hawaii 10,803 11,047 -2.2% Same Store Sales - Hawaii 25,357 25,477 -0.5% Some Sales numbers for each of the concepts may not aggregate in total due to rounding. * Note: - Blended AUD:NZD rate for Q1 0.932 0.928 0.004 - Blended AUD:NZD rate for YTD 0.932 0.928 0.004 - Blended USD:NZD rate for Q1 0.714 0.701 0.013 - Blended USD:NZD rate for YTD 0.714 0.701 0.013 End CA:00318766 For:RBD Type:MKTUPDTE Time:2018-05-31 10:37:45