Rosinter Announces Its Trade Update for September 2010
OREANDA-NEWS. October 20, 2010. OJSC Rosinter Restaurants Holding (Rosinter), the leading casual dining restaurants chain in Russia and CIS (RTS and MICEX ticker: ROST), announces its trade update for September 2010. The release is published at www.rosinter.com, reported the press-centre of Rosinter.
September 2010 Highlights
In September 2010 consolidated net operating revenue increased 18.2% in ruble terms as compared to the same period of previous year.
Gross revenue of comparable stores (SSSG) grew in September 2010 by 9.1% on the back of 5.6% traffic increase.
In September 2010 franchise network expanded with 3 new outlets. 3 corporate canteens were closed.
Sergey Beshev, President and CEO, commented:
"In September we kept with our strong revenue growth dynamic which was driven by a 9.1% same store sales growth, including a 5.6% guest traffic increase. In this fourth quarter, our high season, we plan to keep attracting an increased guest flow to our network with the support of several marketing initiatives that include the new seasonal promo menus and special offers that have already been launched. By end September we had already opened 24 new stores -8 corporate and 16 franchises-and one of our main priorities is to accelerate the pace of opening for the 29 new restaurants currently under construction -12 corporate and 17 franchised- which opening is planned for year-end and for the beginning of 2011".
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