System-wide sales totaled R$ 795.9 million, up 12.3% from 2009 Revenue totaled R$ 206.3 million, up 11.6% from 2009 Points of sale totaled 789 at the end of 2010, up from 681 at the end of 2009 EBITDA was R$26.1 million compared to R$ 17.8 million in 2009 Operating income was R$19.2 million, up 60.1% from 2009 Net income was R$11.7 million, or R$1.43 per basic and diluted share Fourth Quarter 2010 Highlights
System-wide sales totaled R$ 234.5 million, up 12.5% from the fourth quarter 2009 Revenue totaled R$ 56.2 million, up 7.8% from the fourth quarter 2009 EBITDA was R$8.1 million compared to R$ 7.6 million in the fourth quarter 2009 Operating income was R$6.1 million, up 17.0% from the fourth quarter 2009 Net income was R$4.2 million, or R$0.52 per basic and diluted share
Business Outlook
“The outlook for our business remains positive. The recently elected new President, Mrs. Dilma Rousseff, is widely expected to follow the same successful economic policies of her predecessor, which we expect, will create a favorable environment for the continued growth of our business. In addition, we expect to benefit from spending associated with the infrastructure build-out to support the World Cup and the Olympics which will be hosted in Brazil in 2014 and 2016, respectively” said Mr. Ricardo Bomeny, President and CEO of Brazil Fast Food. “Looking ahead, we plan to continue to pursue our multi-brand strategy with a focus on improving our operating efficiency to deliver profitable growth for our investors in the years ahead,” concluded Mr. Bomeny.
About Brazil Fast Food Corp.
Brazil Fast Food Corp. owns and operates, both directly and through franchisees, the second largest fast-food restaurant chain in Brazil. The Bob’s trade name is used by Venbo Comércio de Alimentos Ltda., a subsidiary of Brazil Fast Food holding company, BFFC do Brasil Participações Ltda (formerly 22N Participações Ltda.). The “KFC” trade name is used by CFK Comércio de Alimentos Ltda. (formerly Clematis Indústria e Comércio de alimentos e Participações Ltda.), also a holding company subsidiary. The “Pizza Hut” trade name is used by Internacional Restaurantes do Brasil (“IRB”), also a 60% subsidiary of Brazil Fast Food holding company, BFFC do Brasil Participações Ltda. Recently, the Company entered into an agreement with Grupo de Empresas Doggis S.A (“GED”) to cross-franchise the Bob’s and Doggis brands in Chile and Brazil, respectively. Brazil Fast Food will control the Doggis master franchise in Brazil and GED will control the Bob’s master franchise in Chile.
"Sometimes you eat the bar, and sometimes, well, he eats you."
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