Yep RBD's second quarter is 16 weeks.

Rolling over one store's part week opening is not a particularly good indicator of the overall brand performance. The Carl's Jr stores appear to be doing an average weekly revenue that is higher than what has been achieved across the KFC network although on relatively small amount of stores. The EBITDA 20% target is more or less what KFC has been achieving over the several years that Russel has been in charge and now that the red ink @ Pizza Hut has been stemmed and some rationalisation of the Starbucks network then it isn't unreasonable to expect some growth in earnings year on year.

IMHO the competition has stepped up their game in response to Carl's Jr although Harvey's comment about a BurgerFuel store rollout probably isn't worrying anyone at RBD. Apart from one store, all of the Carl's Jr stores to date have a drive-thru with the capital build and revenue in a different league from a Burgerfuel store. It's a bit like comparing Nando's with KFC - BFW stores are more boutique compared to a mass market QSR like a KFC.