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September 04, 2015 6:02 PM ET

Hotels, Restaurants and Leisure

Company Overview of Brazil Fast Food Corp.

Company Overview

Brazil Fast Food Corp. develops, operates, franchisees, and licenses a system of traditional and non-traditional fast-food restaurants in Brazil. The company’s traditional restaurants comprise freestanding and drive-thru restaurants, restaurants, and storefronts at shopping centers, hypermarkets, superstores, airports, bus terminals, gas and convenience stores, stadiums, and colleges. Its non-traditional restaurants include kiosks and express stores, which have a limited menu and operate at food areas in events and where a full-scale traditional outlet is not practical or efficient. As of December 31, 2014, the company owned and operated 103 points of sale comprising 48 under Bob’s brand, 4 ...

Rua Voluntários da Pátria, 89

9th floor

Botafogo

Rio de Janeiro, RJ 22270-010

Brazil

Founded in 1992

21,000 Employees

Phone:

55 21 2536 7500

Key Executives for Brazil Fast Food Corp.

Chief Executive Officer, President and Chief Financial Officer
Age: 44
Corporate Secretary
Compensation as of Fiscal Year 2015.

Brazil Fast Food Corp. Key Developments

Brazil Fast Food Corp. Announces Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2014

Brazil Fast Food Corp. announced consolidated financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenues from restaurants and franchisees of BRL 86.555 million against BRL 74.124 million a year ago. Operating income was BRL 9.708 million against BRL 8.989 million a year ago. Net income before income tax was BRL 8.782 million against BRL 6.648 million a year ago. Net income attributable to the company was BRL 6.614 million or BRL 0.82 per diluted share against BRL 3.572 million or BRL 0.44 per diluted share a year ago. EBITDA was BRL 10.648 against BRL 11.642 million a year ago. Net revenues from franchisees were BRL 17.738 million compared with BRL 16.954 million for the same period last year. EBITDA was BRL 12.162 million compared with BRL 10.648 million for the same period last year. Total revenue for the fourth quarter was up by 15.1% due to higher revenues from franchisees and own-operated restaurants. For the year, the company reported total revenues from restaurants and franchisees of BRL 299.712 million against BRL 259.240 million a year ago. Operating income was BRL 34.743 million against BRL 33.298 million a year ago. Net income before income tax was BRL 30.848 million against BRL 30.867 million a year ago. Net income attributable to the company was BRL 26.326 million or BRL 3.24 per diluted share against BRL 19.923 million or BRL 2.45 per diluted share a year ago. Net revenues from franchisees were BRL 60.878 million compared with BRL 52.552 million for the same period last year. EBITDA was BRL 43.016 million compared with BRL 39.144 million for the same period last year.

Brazil Fast Food Corp. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Expenditure Guidance for the Full Year of Fiscal 2014 and 2015

Brazil Fast Food Corp. announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. Total revenue for the third quarter of 2014 was BRL 74.8 million, an increase of 7% as compared to BRL 69.9 million in the third quarter of 2013, primarily due to higher revenues from franchisees. Operating income for the third quarter of 2014 was BRL 8.9 million, an increase of 14.4% from BRL 7.8 million in the third quarter of 2013. EBITDA in the third quarter of 2014 was BRL 10.7 million, up by 13.7% as compared to BRL 9.4 million in the third quarter of 2013. Net income attributable to shareholders in the third quarter of 2014 was BRL 8.2 million, or BRL 1.01 per basic and diluted share, as compared to BRL 5.2 million, or BRL 0.64 per basic and diluted share in the third quarter of 2013. Net income before income tax was BRL 7.986 million against BRL 8.021 million a year ago. During the first nine months of 2014, total revenues grew by 15.1% to BRL 213.2 million, from BRL 185.1 million in the prior year period. EBITDA for the first nine months was BRL 30.9, up by 8.3% from EBITDA of BRL 28.5 million in the first nine months of 2013. Operating income for the first nine months was BRL 25 million, up 3% from BRL 24.3 million in the first nine months of 2013. Net income for the first nine months of 2014 was BRL 19.7 million, or BRL 2.43 per share, up from BRL 16.4 million or BRL 2.01 per share in the first nine months of 2013. Net income before income tax was BRL 22.066 million against BRL 24.219 million a year ago. Cash flows provided by operating activities were BRL 13.274 million against BRL 29.924 million a year ago. Additions to property and equipment, net of proceed of sales was BL 21.094 million against BRL 13.079 million a year ago. In 2014 and 2015, the company expects to continue to incur in a higher level of capital expenditures due to the ongoing level of investment in facilities, advertising and promotion required in order to support the growth of its brands in Brazil and respond to growing competitive pressures and aggressive pricing in the marketplace by international competitors.

Brazil Fast Food Corp. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for 2014

Brazil Fast Food Corp. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. Total revenue for the second quarter of 2014 was BRL 71.9 million, an increase of 26% as compared to BRL 57 million in the second quarter of 2013, due to higher revenues from franchisees and own-operated restaurants. Operating income for the second quarter of 2014 was BRL 9.5 million, an increase of 51.3% from BRL 6.3 million in the second quarter of 2013. EBITDA in the second quarter of 2014 was BRL 11.5 million, up by 49% as compared to BRL 7.7 million in the second quarter of 2013. This growth rate is a result of a favorable comparison between 2013 and 2014, as Second Quarter 2013 EBITDA was negatively impacted by certain non-recurring items that took place in the second quarter of 2013. Net income attributable to the company in the second quarter of 2014 was BRL 7.0 million, or BRL 0.86 per basic and diluted share, as compared to BRL 4.4 million, or BRL 0.54 per basic and diluted share in the second quarter of 2013. Net income before income tax was BRL 8.504 million against BRL 6.038 million for the same period of last year. During the first six months of 2014, total revenues grew by 20.1% to BRL 138.4 million, from BRL 115.3 million in the prior year period. EBITDA for the first six months was BRL 20.1 million, up by 5.6% from EBITDA of BRL 19.1 million in the first half of 2013. Operating income for the first six months was BRL 16.1 million, down 2.4% from BRL 16.5 million in the first half of 2013. Net income attributable to the company for the first six months of 2014 was BRL 11.6 million, or BRL 1.42 per diluted share, up from BRL 11.2 million, or BRL 1.37 per diluted share in the first half of 2013. Net income before income tax was BRL 14.077 million against BRL 16.198 million for the same period of last year. Cash flows provided by operating activities was BRL 6.867 million against BRL 7.826 million for the same period of last year. Additions to property and equipment, net of proceed of sales was BRL 13.567 million. In 2014, the company expects to continue to incur in a higher level of capital expenditures due to the ongoing level of investment in facilities, advertising and promotion required in order to support the growth of its brands in Brazil and respond to growing competitive pressures in the marketplace by international competitors.

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Date
Target
Merger/Acquisition
January 14, 2015
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