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Brumby’s on the rise in New Zealand

April 5, 2006

Brumby’s on the rise in New Zealand

Leading transtasman baking franchise Brumby’s will open two new stores in New Zealand in coming months on the back of strong sales performance.

Brumby’s managing director Michael Sherlock said the franchise currently had 21 stores in New Zealand with the new stores to be in Auckland and Whanagarie.

“Our New Zealand stores are achieving 40,000 transactions per week with growth in existing store sales double the New Zealand retail average,” Mr Sherlock said.

“At the same time we are approaching annually $1.5 million in donations in bread to local charities.

“In the long term our target is at least 60 stores in New Zealand as part of our expansion plans.

Last month Brumby’s reported an 18 per cent rise in half year profit for six months ending December 31, 2006.

That was after achieving an 11 per cent rise in revenue.

Brumby’s also recently signed a memorandum of understanding with a Gulf Co-Operation Council (GCC) member with the aim of opening stores in the Middle East.

The GCC member countries include Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates (UAE).

“Brumby’s continues to investigate suitable opportunities to open stores internationally while still focusing on our traditional key markets like New Zealand,” Mr Sherlock said.

Brumby’s, which is listed on the Bendigo Stock Exchange, has more than 300 stores across New Zealand and Australia.

ENDS

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