QSRweb.com:
Brazil Fast Food Corp., the second largest QSR chain in Brazil with 846 points of sale, including KFC and Pizza Hut São Paulo has announced financial results for the third quarter ended Sept. 30, 2011.
Third Quarter 2011 highlights:
* System-wide sales totaled R$236.8 million, up 20.6 percent from Q3 2010;
* Revenue totaled R$60.4 million, up 14.9 percent from Q3 2010;
* Points of sale totaled 846 at Sept. 30, 2011, up from 742 at the end of Q3 2010;
* EBITDA was R$7.0 million, down 36.9 percent from Q3 2010;
* Operating income was R$5.5 million, down 41.8 percent from Q3 2010;
* Net income was a loss of R$-0.54 million, or R$-0.07 per basic and diluted share, as compared to net income of R$5.3 million, R$0.65 in Q3 2010.