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Brazil Fast Food Corp (BOBS) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2012

Brazil Fast Food Corp

CIK: 914537 Ticker: BOBS

Exhibit 99.1

LOGO  
Brazil Fast Food Corp  
Contact:  
Brazil Fast Food Corp.   CCG Investor Relations Inc.
Ricardo Figueiredo Bomeny, CEO   Crocker Coulson, President
Phone: +1-55-21-2536-7501 (Brazil)   Phone: +1-646-213-1915 (New York)
Email: ir@bffc.com.br   Email: crocker.coulson@ccgir.com
URL: www.bffc.com.br   URL: www.ccgir.com

Brazil Fast Food Announces Second Quarter 2012 Results

Rio de Janeiro, Brazil, Aug 20, 2012 — Brazil Fast Food Corp.

(OTC Bulletin Board: BOBS) (“Brazil Fast Food”, or the “the Company”), the second largest fast-food restaurant chain in Brazil with 963 points of sale, operating under (i) the Bob’s brand, (ii) the Yoggi brand, (iii) KFC and Pizza Hut São Paulo as franchisee of Yum! Brands, and (iv) Doggis as franchisee of Gastronomia & Negocios S.A. (former Grupo de Empresas Doggis S.A.), today announced financial results for the second quarter 2012 ended June 30, 2012.

Second Quarter 2012 Highlights

 

   

System-wide sales totaled R$254.2 million, up 22.3% from the second quarter 2011

   

Revenue totaled R$55.1 million, up 8.0% from R$51.0 million in the second quarter 2011

   

Points of sale totaled 963 at June 30, 2012, up from 805 at the end of second quarter 2011

   

EBITDA was R$6.7 million, up 23.8% from the second quarter 2011

   

Operating income increased 23.9% year-over-year to R$5.0 million

   

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.”

Second Quarter 2012 Results

System-wide sales grew 22.3% in the second quarter to R$254.2 million, driven by an increase in the number of franchised points of sale as well as higher sales from company-owned stores.

Total revenue for the second quarter 2012 increased by 8.0% to R$55.1 million compared to R$51.0 million in the second quarter 2011.

Net restaurant sales for company-owned retail outlets was up 5.0% year-over-year to R$40.2 million in the second quarter 2012, reflecting an increase in net revenues across the Company’s KFC and Pizza Hut brands, offset somewhat by a decrease in net revenues for the Company’s Bob’s and Doggis brand. In 2011 the Company converted all its own-operated Doggis’ stores to franchised stores.


The following information was filed by Brazil Fast Food Corp (BOBS) on Tuesday, August 21, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Ticker: BOBS
CIK: 914537
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-12-470762
Submitted to the SEC: Wed Nov 14 2012 4:46:09 PM EST
Accepted by the SEC: Wed Nov 14 2012
Period: Sunday, September 30, 2012
Industry: Retail Eating Places

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