November Comparable Store Sales +5.8%:
- Dine-in restaurants: +5.6%
- Delivery: +6.4%
- Re-imaged restaurants accounted for +3.4% comparable store sales growth
NPC International, Inc. (Nasdaq:NPCI) yesterday reported comparable store sales growth of 5.8% for the four weeks ended November 28, 2000.
These results were in line with the Company’s expectation. The Company remains comfortable with its prior guidance of forecasted comparable store sales growth of 3.5% to 4.5% for its third fiscal quarter ending December 26th.
This increase is primarily due to the success of The Insider pizza that was launched September 26th and the continued success of the Company’s asset re-imaging program. Fifty-three restaurants re-imaged in the last 18 months accounted for 3.4% comparable store sales growth during the period. The favorable impact of this program is primarily reflected in the Company’s dine-in restaurants, which posted comparable store sales growth of 5.6% during the period. The Company’s delivery units recorded strong comparable store sales growth of 6.4% during the period due primarily to the 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: (i) third-quarter comparable sales results, (ii) continued consumer demand for The Insider pizza, (iii) and continued performance and consumer acceptance of the Company’s asset re-imaging program. 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 839 Pizza Hut restaurants and delivery kitchens in 27 states.