Rosinter Posted 7.4% YoY Growth of Net Operating Revenue in 2011
OREANDA-NEWS. January 17, 2012. OJSC Rosinter Restaurants Holding (Rosinter), the leading casual dining restaurant chain in
December 2011 Highlights
In December 2011 consolidated net operating revenue1 increased by 7.0% in ruble terms driven by recovery in same-store sales and growing contribution of recently opened restaurants
Gross revenue of comparable stores2 (SSSG) grew in December 2011 by 0.4% driven by 6.0% average check growth partially offset by 5.3% traffic reduction
1 corporate and 3 franchise outlets were added to the network
2011 Highlights
In 2011 consolidated net operating revenue increased by 7.4% in ruble terms as compared to 2010
Gross revenue of comparable stores (SSSG) grew in 2011 by 1.6% supported by 4.8% average check growth
Restaurant network expanded to 382 outlets from 362 outlets as of end-2010 with growing component of franchise operations
Hugh Carroll, acting President and CEO, commented:
"In 2011 Rosinter posted consolidated net operating revenue of 9,879 million rubles, which is 7.4% higher than in 2010. This was supported by 1.6% sales growth in comparable stores despite some decline in traffic that we experienced in the second half of the year. Our price revisions translated into average check growth by 4.8% that supported our operating margins and allowed to improve financial performance in the third quarter of 2011.
During the year we have opened 17 new corporate and 25 new franchise outlets. In December we added
Going forward in 2012 our efforts will focus on revitalizing our core brands IL Patio and Planet Sushi, delivering high quality guest experiences and improving our financial performance. We will also maintain our policy of having a very selective approach to corporate sites in order to ensure high quality of new restaurants."
Consolidated Net Operating Revenue1 Performance ('M RUB)
Dec 2011 |
Dec 2010 |
% chg |
2011 |
2010 |
% chg | ||
913 |
853 |
7.0% |
9,879 |
9,194 |
7.4% | ||
Same-Store Sales Growth2 dynamics (RUB) | |||||||
Gross Revenue |
Average Check |
Number of Transactions | |||||
Dec 2011 |
2011 |
Dec 2011 |
2011 |
Dec 2011 |
2011 | ||
0.4% |
1.6% |
6.0% |
4.8% |
(5.3%) |
(3.0%) | ||
Number of Stores, eop | |||||||
|
Dec 2011 |
Nov 2011 |
Dec 2010 | ||||
Total |
382 |
378 |
362 | ||||
Corporate |
255 |
254 |
249 | ||||
Franchise |
127 |
124 |
113 | ||||
1 Unaudited operating revenue includes only total net sales of corporate restaurants and canteens and does not include revenue from franchise operations and other revenue items.
2 Calculation is based on gross sales data (including VAT) for the pool of currently operating mature restaurants, which had operated for 18 months as of 1 January 2011.
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