Burger King Corporation Announces The Opening Of The Company's 10,000th Restaurant
MIAMI, Nov. 6 /PRNewswire/ -- Burger King Corporation announced today that it is opening its 10,000th restaurant in Australia on Saturday, November 7, a major milestone in the fast-food giant's development plans. The Burger King(R) restaurant, located at Penrith in Sydney, Australia, exemplifies Burger King Corporation's dynamic growth, with particular emphasis internationally. "Burger King Corporation is committed to growth in terms of new restaurants as well as sales per restaurant," said Dennis Malamatinas, CEO, Burger King Corporation. "The 10,000 restaurant level is a significant achievement, but more importantly we are growing in a focused and disciplined manner by establishing critical mass in key international markets where we can leverage the success of our brand." By focusing on operational excellence, innovation and marketing superior taste, Burger King Corporation has been able to drive growth and establish a growing presence for the brand around the world. By exiting under-performing markets in 1997, such as France, while strengthening the brand presence in markets with high growth potential, such as the United Kingdom, Germany and Australia, the company has focused on building critical mass and maximizing both distribution system efficiencies and advertising dollars. As success mounts in North America, Latin America, and Europe, Burger King Corporation has seen the momentum build in the Asia/Pacific markets as well. The company has opened more restaurants globally there recently than at any other time in its history. The growth projections for Australia, the site of the company's 10,000th restaurant opening, are similar to those in its strong European markets. To commemorate the opening, Burger King Corporation has invited customers from all over Australia to celebrate this major milestone. As a special thank you to Australian customers, all Burger King(R) restaurants in Australia will be giving away Cheeseburger sandwiches for 10,000 seconds with no strings attached. In addition, customers who visit the Penrith restaurant will not only receive a free Cheeseburger sandwich, but also 10,000 free carnival rides (over six hours) on the site surrounding the restaurant. To add to the fun, there will be celebrities, live music, clowns, and the WHOPPER(R) Hot Air Balloon from the United States. Burger King Corporation and its franchisees operate 10,000 restaurants in all 50 states and in 53 countries and international territories around the world. Since the company's founding in 1954, BURGER KING(R) food has become synonymous with great flame-broiled taste and the HAVE IT YOUR WAY(R) food customization process. In fiscal year 1998, systemwide sales at BURGER KING(R) restaurants were $10.3 billion. Burger King Corporation is a subsidiary of Diageo plc, one of the world's leading branded consumer products companies. FACTS AND FIGURES BURGER KING(TM) IN AUSTRALIA * Burger King opened its first four company-owned restaurants in Sydney, New South Wales (NSW) in December 1997. Prior to this time, the only other Burger King restaurants in Australia were located at the Melbourne and Cairns International Airports and in Hobart in a Shell service station. * These company-owned Sydney restaurants are located at North Sydney, Chatswood, North Ryde (Macquarie Shopping Centre) and Manly. * Burger King Restaurants now include Centrepoint (Sydney CBD), Shellharbour and Queanbeyan (Regional NSW), Penrith and Maroubra (Sydney suburban), Hobart (Tasmania), Melbourne and Cairns airports and 7 in Shell co- branded sites in NSW/ACT, as well as the four original Sydney restaurants. * The decision by Burger King Asia Pacific to open company-owned restaurants under the "Burger King" brand is seen as its best weapon in the war against McDonald's. * Burger King Australia Pty Ltd has plans for massive expansion in Australia which will see an additional 30 Burger King restaurants open this financial year. * The investment of Burger King Australia Pty Ltd over the next 12 months will be in excess of $50 million and will create over 2,000 new jobs. * Research carried out in Australia revealed the Burger King brand has a staggering 80 percent awareness level with those surveyed, even though no Burger King restaurants existed outside of the Melbourne and Cairns International Airports. * Burger King Australia Pty Ltd. has appointed Ammirati, Puris, Lintas as its advertising agency in Australia. * The new Burger King restaurants will primarily be promoted on cinema advertising and local press relevant to the locations. Television advertising in NSW markets began in mid-September 1998. * David Chapman is the President of Burger King Asia Pacific. Prior to joining Burger King in 1996, he was CEO of W.D. & H.O. Wills. Before that, he ran Pizza Hut in Australia, New Zealand and South Africa. HUNGRY JACK'S(R) IN AUSTRALIA * The Burger King brand name was not available for use by Burger King Corporation in 1971. The company chose an available Pillsbury pancake mix brand name, Hungry Jack's, in its place. * The first Hungry Jack's restaurant (a Burger King restaurant) was opened in Australia in 1971. * There are 32 Hungry Jack's/Burger King franchised restaurants in NSW; 35 in WA; 29 in SA; 44 in Vic; 42 in Qld; 4 in ACT; 2 in the NT and 1 in Tas. * Hungry Jack's is the fifth largest fast food brand in Australia with sales of $270 million in 1996/97. BURGER KING CORPORATION WORLDWIDE * Burger King Corporation was formed in 1954 in Miami, Florida by James McLamore and David Edgerton. * Burger King Corporation has 320,000 employees worldwide. * Burger King Corporation has 10,000 restaurants worldwide, more than 800 of which are company owned. * Burger King restaurants are found in 53 countries and international territories around the world. * Burger King Corporation was the first fast food chain to introduce dining rooms. * Drive thru was introduced in 1975 and now represents more than 50 percent of Burger King Corporation's business. * Worldwide Burger King system sales for fiscal year 1998 were $US 10.3 billion, up 7 percent on the previous year. * Burger King restaurants sell 1.5 billion WHOPPER(TM) sandwiches per year or 4.1 million per day. * Burger King restaurants serve approximately 1,400 customers per restaurant per day or approximately 14.0 million customers systemwide daily. * In the fiscal year of 1997, Burger King Corporation achieved its highest ever share of the US burger market in the company's history of over 21 percent. * Burger King Corporation is owned by Diageo plc, whose portfolio of brands include Guinness, Haagen-Dazs, Old El Paso, Smirnoff, Baileys Original Irish Cream and J&B Rare Scotch Whisky. AUSTRALIA'S FAST FOOD INDUSTRY * Australians spend one third of their food budget on take-away food or in restaurants. In the US, the percentage is over 50 percent but Australia is catching up quickly. * The number of meals eaten by Australians outside the home has increased by 57 percent from 2.5 billion meals in 1992 to almost 4 billion in 1996. * Australians spend 33 cents on every dollar they spend on food, on fast food (It's 48 cents in the US - Australians' percentage is the same as the US was in the 1970s). * Australia has approximately 20,000 cafes and restaurants. * Australia has approximately 16,000 fast food and take away outlets. * In 1996 Australians spent approximately $13 billion eating out. * The fast food market is valued at approximately $7 billion in Australia. U.S. QUICK SERVICE RESTAURANT INDUSTRY * The U.S. fast food market sales are projected to be approximately $105 billion. Source: National Restaurant Association. * The U.S. has over 40,000 hamburger restaurants. Source: Recount, 1998. A service of NPD Food Service Information Group, Rosemount, IL * There are over 240,000 fast food outlets in the US. Source: Recount, 1998. A service of NPD Food Service Information Group, Rosemount, IL U.S. QUICK SERVICE AUSTRALIA QUICK SERVICE RESTAURANT MARKET Vs RESTAURANT MARKET Valued at approximately $105 billion Approximately $7 billion Over 240,000 outlets Approximately 6,000
SOURCE Burger King Corporation
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