December Comparable Store Sales +1.1%:
- Dine-in restaurants: +.5%
- Delivery: +3.4%
- Re-imaged restaurants accounted for +1.8% comparable store sales growth
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NPC International, Inc. (Nasdaq:NPCI), on Friday (12 January) reported comparable store sales growth of 1.1% for the four weeks ended December 26, 2000.
For the Company’s third fiscal quarter ending December 26, 2000, the Company has posted comparable store sales growth of 3.5% with fifty-six restaurants re-imaged in the last eighteen months accounting for 2.0% of the comparable store sales growth. These quarterly results were in line with the Company’s prior guidance of forecasted comparable store sales growth of 3.5% to 4.5% for its third fiscal quarter. The Company remains comfortable with its previous guidance for third quarter diluted earnings per share before facility action charges of $.24 to $.25.
December comparable store sales results were adversely influenced by extreme winter weather conditions that impacted the Company’s operations in the central plains and the upper southeastern part of the country. Fifty-six restaurants re-imaged in the last eighteen months accounted for 1.8% comparable store sales growth during the period. The favorable impact of this program is primarily reflected in the Company’s dine-in restaurants, which were especially impacted by the adverse weather and recorded comparable store sales growth of .5% during the period. The Company’s delivery units recorded strong comparable store sales growth of 3.4% during the period despite the adverse weather conditions, due primarily to the continued success of The Insider Pizza.
With the exception of historical information, certain of the matters discussed in this news release are forward-looking statements, including, in particular, those statements relating to the Company’s expectations for EPS growth for the Company’s third fiscal quarter. Such forward-looking statements involve estimates that are subject to certain risks and uncertainties that could cause actual results to materially differ, either better or worse, from those projected. Such risks include, but are not limited to, economic conditions, consumer demand, the level of and the effectiveness of marketing campaigns by the Company and Pizza Hut, Inc., competitive conditions, food cost, availability of food ingredient supply and distribution of product, labor costs, new product introductions, product mix and pricing and other risks indicated in filings with the Securities and Exchange Commission.
NPC International, Inc. is the world’s largest Pizza Hut franchisee and currently operates 836 Pizza Hut restaurants and delivery kitchens in 27 states.
