Tuesday, 21 August 2018

Announcement

MKTUPDTE: RBD: Restaurant Brands Third Quarter Sales

14 Dec 2017 09:09NZX
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
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