Brazil Fast Food Corp., the second largest quick-service restaurant chain in Brazil operating Yum! Brands' KFC and Pizza Hut São Paulo, announced financial results for the second quarter ended June 30.

Highlights include:

  • System-wide sales totaled (real) $254.2 million, up 22.3 percent from the second quarter 2011;
  • Revenue totaled R$55.1 million, up 8.0 percent from R$51.0 million in the second quarter 2011;
  • Points of sale totaled 963 at June 30, up from 805 at the end of second quarter 2011;
  • EBITDA was R$6.7 million, up 23.8 percent from Q2 2011;
  • Operating income increased 23.9 percent year-over-year to R$5.0 million; and
  • Net income was R$3.6 million, or R$0.45 per basic and diluted share.

"We are pleased to report a very strong quarter of profitability and EBITDA growth, reflecting the strength of our brands and shift towards more franchised stores," said Ricardo Figueiredo Bomeny, CEO of Brazil Fast Food Corp. "We maintained a strong and liquid balance sheet, which gives us the flexibility to invest in future expansion."

Sales growth was driven by the increase in units, as well as higher sales from company-owned stores.

The company used R$9.0 million in cash toward investment in property and equipment to improve its retail operations, mainly setting up new owned-and-operated KFC and Pizza Hut stores.

"Under the KFC and Pizza Hut brand, we have own-operated stores, as franchisee of Yum! brands. We are focused on enhancing our own stores profitability and operational margins in the coming quarters," Bomeny said.

Read more about franchising and growth.

Related Content

User Comments – Give us your opinion!
Products & Services

Hardware

http://global.networldalliance.com/new/images/products/4553.png

4553/Hardware

FireFly Point-of-Sale

http://global.networldalliance.com/new/images/products/4282.png

4282/FireFly-Point-of-Sale

Restaurant technology news, trends & best practices

http://global.networldalliance.com/new/images/products/5079.png

5079/Restaurant-technology-news-trends-best-practices

Pizza POS Software

http://global.networldalliance.com/new/images/products/5937.png

5937/Pizza-POS-Software

Food Cost Management

http://global.networldalliance.com/new/images/products/6401.png

6401/Food-Cost-Management

Leapfrog POS App

http://global.networldalliance.com/new/images/products/4559.png

4559/Leapfrog-POS-App

Remote Service | Content Management Service

http://global.networldalliance.com/new/images/products/6685.png

6685/Remote-Service-Content-Management-Service

Supply Chain Management

http://global.networldalliance.com/new/images/products/6405.png

6405/Supply-Chain-Management

Call Center Ordering

http://global.networldalliance.com/new/images/products/5939.png

5939/Call-Center-Ordering

DriverSafe

http://global.networldalliance.com/new/images/products/keyboard_iix.gif

1424/DriverSafe

Digital Menu Boards and ROI
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.