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Restaurant Brands ups profit guidance to $17.5 million

Monday 30th November 2009

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Franchise takeout food operator Restaurant Brands Ltd reports better trading conditions have allowed it to increase its profit guidance for the year to February 28 to $17.5 million.

This represents a 50% or $5.8 million improvement on the prior year's result, and will produce earnings per share of 18 cents for the company, which manages the KFC, Pizza Hut and Starbucks brands in New Zealand.  EPS in the last financial year was 8.5 cents.

The profit upgrade is the second in the last two months.  The company announced in September that it expected net full year earnings to top $15 million, thanks to strong growth in the KFC business and turnaround at Pizza Hut.  KFC accounted for almost 70% of total revenue and 90% of earnings last year.

The announcement was made after trading closed today. RBD was unchanged for the day at $1.46 a share.

 

 

Businesswire.co.nz

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Get quotes for Restaurant Brands NZ Limited Ordinary Sh (RBD)
NZX Annoucements for RBD
30 Aug 2010 ALLOT: RBD: Issue of New Securities
27 Jul 2010 ALLOT: RBD: Issue of New Securities
6 Jul 2010 ALLOT: RBD: Issue of New Securities
1 Jul 2010 MEETING: RBD: Results of Resolutions at Annual Shareholders Meeting
1 Jul 2010 ADDRESS: RBD: Chairman's Address
1 Jul 2010 ADDRESS: RBD: Chief Executive's Address
25 Jun 2010 SSH: RBD: SSH Notice (Milford Asset Management Limited)
1 Jun 2010 QUARTER: RBD: Restaurant Brands' First Quarter Sales
25 May 2010 ANNREP: RBD: Annual Report Provided
24 May 2010 ALLOT: RBD: Issue of New Securities
14 May 2010 ALLOT: RBD: Issue of New Securities
14 May 2010 RELINT: RBD: Disclosure of Relevant Interests by Directors and Officers
8 Apr 2010 RELINT: RBD: Ongoing Disclosure Notice (Russel Creedy)
7 Apr 2010 FLLYR: RBD: Restaurant Brands Full Year Results Announcement
6 Apr 2010 ALLOT: RBD: Issue of New Securities
12 Mar 2010 ALLOT: RBD: Issue of New Securities
9 Mar 2010 ALLOT: RBD: Issue of New Securities
5 Mar 2010 QUARTER: RBD: Restaurant Brands Fourth Quarter Sales
4 Mar 2010 FORECAST: RBD: Profit Upgrade Announcement
28 Jan 2010 SSH: RBD: Beginning to have SSH (Milford Asset Management Limited)
7 Jan 2010 ALLOT: RBD: Issue of New Securities
 
Restaurant Brands NZ Limited Ordinary Shares

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RBD $2.48 +2
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Price when article published: $1.46

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