65 cents the announcement has been pre-empted.....
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65 cents the announcement has been pre-empted.....
Tick....tock...tick....tock....
Will Pizza Hutt be gone by the end of next year?
An interesting comment this week from Domino's in the UK. They said that they were benefiting from the consumer slowdown as customers chose to order takeaways rather than eat out.
Domino's benefits from downturn
BD
09/10/2008
HALFYR
REL: 0948 HRS Restaurant Brands New Zealand Limited
HALFYR: RBD: Restaurant Brands Half Year Results Announcement
Directors' Report to Shareholders
For the Half Year ended 8 September 2008
Key Points
Net Profit after Tax for the half year (excluding non trading items) was $4.6
million (14.7% down on prior year). Reported profit (including non trading
items) was $2.4 million, down 47.3% on prior year.
Total revenues of $162.5 million were 1.1% down on prior year, but same store
sales were up 0.9% for the half, with KFC continuing to be the growth driver.
Non-trading items of $3.2 million largely comprised an impairment charge of
$2.5 million to the carrying value of goodwill on the Pizza Hut New Zealand
business.
Margins were impacted by continuing pressures on input costs with all three
brands producing lower contributions than prior year.
Directors have declared a fully imputed interim dividend of 3.0 cents per
ordinary share payable on 21 November 2008, the same level as last year.
That was two and a half years ago. You got that prediction almost right. Would you care to give another prediction of where the sp will be in another two years time. Even i being one of the harshest critics of this company thought the downtrend might have been less than it is. They have very little to lose now, after selling their properties in the good times, to pay rent in the bad times, then blow it on an overseas working holiday. Macdunk