Rosinter Announces its Trading Update for 1Q
OREANDA-NEWS. April 18, 2013. OJSC Rosinter Restaurants Holding (Rosinter), the leading casual dining restaurant chain in Russia and CIS (Moscow Exchange MICEX – RTS ticker: ROST), announces its trading update for 1Q 2013.
The release is published at www.rosinter.com.
1Q 2013 consolidated net operating revenue increased y-o-y by 0.
2% to RUB 2, 471 mln.
Gross revenue of comparable stores increased by 0.3%. The new menus launched during Q4 2012 have had a positive impact through 1Q 2013 stimulating a 1.9% increase of the LFL average spend.
The same store transactions decline slowed to (1.5)% in 1Q 2013 compared to (2.7)% for the 4Q
2012 and (5.1) % for the 1Q 2012.
Our network includes 395 outlets as at March 31, 2013:
367 casual dining restaurants and 28 Costa Coffee shops.
In 1Q 2013 we closed 13 corporate stores which did not reach the level of profitability targeted in their recovery plan.
Our corporate store portfolio management policy is aligned with our strategic objective of returning our business to profitability.
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