https://www.nzx.com/announcements/417467
Acting CEO now CEO.
No mention of an "extensive global search" or the like.
Printable View
https://www.nzx.com/announcements/417467
Acting CEO now CEO.
No mention of an "extensive global search" or the like.
https://www.nzherald.co.nz/lifestyle...GRCOAXPT4UEFI/
New packaging design (or something else) seems to have shocked ;)
RBD share price sinks below 4 bucks ….back to 2015 prices ouch
Maybe this weight loss drug going to be blamed for investors bailing
Should be the opposite-eat what you like, take medication, don't put on weight, eat more unhealthy food.........
https://www.nzx.com/announcements/420486
FY23 Q3 Sales Results
RBD total sales for the third quarter to 30 September 2023 increased to $340.9 million. This was up $18.8 million (+5.8%) over the equivalent period last year. This reflects ongoing recovery from the impacts of the 2022 COVID-19 Omicron outbreak and the price increases that were implemented across all markets.
Total year to date sales reached $981.1 million (an increase of 8.2% on the prior year). Total sales were supported by the net inclusion of 5 new stores (to 377 stores in total) and the strengthening US dollar since the equivalent period last year.
New Zealand
Third quarter sales for New Zealand were $148.0 million, up 7.6% in total and 5.0% on a same store basis. Sales grew across all brands, largely driven by price increases and the easing of pandemic-related trading constraints.
Total year to date sales were $420.4 million, an increase of 8.0% on the prior year and 5.6% on a same store basis.
Store numbers increased by two to 145 stores during the quarter with the opening of a Carl’s Jr. in Hamilton and a Taco Bell in Otahuhu. In addition to the 145 company owned stores, the business has 114 Pizza Hut stores run by independent franchisees (an increase of six stores from December 2022).
Australia
Australia’s sales for the third quarter were $A74.1 million ($NZ80.1 million), an increase of 13.0% in total on the prior year. Same store sales were up 8.0% (local currency). Mall and city store sales have recovered to near pre-COVID-19 levels.
Total year to date sales were $A214.3 million ($NZ232.0 million). This is an increase of 13.8% on a total basis on the prior year and 9.1% on a same store basis.
Store numbers remained constant at 85 stores during the quarter.
Hawaii
Sales for the third quarter in Hawaii were $US40.3 million ($NZ66.6 million), an increase of 0.9% on a total basis, and up 5.7% on a same store basis (local currency).
Hawaii trading has solidified around the new highs achieved during last year and the new stores opened in 2022 continued to produce strong trading results. Total year to date sales were $US119.6 million ($NZ193.6 million), an increase of 3.1% on a total basis and 3.7% on a same store basis.
Store numbers decreased by two during the quarter to 71 stores with the loss of the Pizza Hut and Taco Bell stores in Lahaina during the large fire. These stores were fully insured and are planned to be rebuilt in 2024.
California
California’s sales in the third quarter were $US27.9 million ($NZ46.2 million), a decrease of 1.8% on a total basis and 3.3% on a same store basis (local currency).
Same store sales have reduced on the prior year largely due to customers shifting to value-orientated menu and promotional items.
Total year-to-date sales were $US83.4 million ($NZ135.1 million), a decrease of 1.0% on a total basis and 3.6% on a same store basis.
Store numbers remained constant at 76 stores during the quarter.
California a big problem when factoring in inflation!!
Update seems to have caused a slight bump off the floor .. but how does the bottom line look ? :)
You can increase sales off the wall, but if the bottom line isn't showing a lift, you're going nowhere
and dividend questionmarks remain ..
So pretty much all sales growth on same store basis below inflation.
A growth company thats not growing.
Only need 6.8% increase in expenses to cancel out the sales growth.
What is worrying is debt predominantly in us dollars with a decrease of 1.8% in sales. So put it this way relatively speaking, they need to sell more quarter packs outside of the US to offset the repayments in the US.
The Aus sales looks good though.