Rosinter Posted 3.9% YoY Growth of Net Operating Revenue
OREANDA-NEWS. April 13, 2012. OJSC Rosinter Restaurants Holding (Rosinter), the leading casual dining restaurant chain in
March 2012 Highlights |
1Q 2012 Highlights |
• In March 2012 consolidated net operating revenue increased by 3.9% in ruble terms driven by recovery in same-store sales and growing contribution of recently opened restaurants. • Gross revenue of comparable stores[21 (SSSG) grew in March 2012 by 0.8% driven by 5.7% average check growth partially offset by 4.6% traffic reduction. • IL Patio franchise outlet opened in |
• In IQ 2012 consolidated net operating revenue increased by 4.2% in ruble terms as compared to the same period of 2011. • Gross revenue of comparable stores (SSSG) stayed flat versus prior year driven by 5.3% average check growth offset by 5.1% decrease in number of transactions. • Restaurant network stood at 382 outlets, while franchise component increased to 132 outlets from 127 stores at the beginning of 2012. |
Andrey Astakhov, Chief Financial Officer, commented:
"In the first quarter of 2012 Rosinter posted consolidated net operating revenue of 2,465 million rubles, which is 4.2% higher than in the same period of prior year. Gross revenue of comparable stores increased by 0.8% yoy in March 2012 and stayed flat for the full first quarter even despite relatively weak results in February.
During the quarter we have opened on gross basis 3 new corporate and 9 new franchise outlets. In March we opened first franchise restaurant in
We continue to focus our efforts on delivering high quality guest experience. In the first quarter we have launched new marketing campaigns, including "Yin & Yang" menu offering in Planet Sushi with a big component of digital media and "Pizza-Pasta Mania" in IL Patio with new TV advertisement activities. Going forward these efforts will allow us to attract new loyal customers and further improve sales trend".
Consolidated Net Operating Revenue Performance ('M RUB) | |||||
Mar 2012 |
Mar 2011 |
% chg |
IQ 2012 |
IQ 2011 |
% chg |
882 |
849 |
3.9% |
2,465 |
2,365 |
4.2% |
Same-Store Sales Growth dynamics (RUB) | |||||
Gross Revenue |
Average Check |
Number of Transactions | |||
Mar 2012 |
1Q 2012 |
Mar 2012 |
1Q 2012 |
Mar 2012 |
1Q 2012 |
0.8% |
0.0% |
5.7% |
5.3% |
(4.6%) |
(5.1%) |
Number of Stores, eop | ||||
|
Mar 2012 |
Feb 2012 |
Dec 2011 |
Mar 2011 |
Total |
382 |
387 |
382 |
374 |
Corporate |
250 |
254 |
255 |
253 |
Franchise |
132 |
133 |
127 |
121 |
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