Though Burger King was the only arm to see same-store sales growth for the quarter, all three units saw overall revenue growth thanks to new-store openings. The chain launched a chicken sandwich nationwide for the first time in August and sold out of … The first Popeyes Louisiana Kitchen was opened in 1972 by Al Copeland in Arabi, Louisiana, a suburb of New Orleans. According the Popeyes FDD, the average operating profits per store was $312,782. Although Popeyes did not disclose how many restaurants would be participating in the ser… During the first quarter, Popeyes increased its restaurant count by 6 percent. The FactSet consensus for earnings per share was 29 cents. Total revenue fell to $1.05 billion from $1.40 billion, above the FactSet consensus of $1.04 billion. In the early 90s, Popeyes filed for bankruptcy and in order to save the company, the court approved a plan by a group of Popeyes’ creditors that resulted in the creation of America’s Favorite Chicken Company, Inc. (AFC) to serve as the new parent company for Popeyes and Church’s Chicken. 6. Required fields are marked *, Previous post: Considering a Popeyes Louisiana Kitchen Franchise? Excluding items, the company earned 72 cents per share, in line with analyst expectations in a Refinitiv survey. Franchising began in 1976 with the first franchised location opening in Baton Rouge, Louisiana. During its third quarter a year ago, Tim Hortons launched all-day breakfast across Canada. Total revenues increased approximately 3.8 percent to $268.9 million in 2016, from $259.0 million in 2015. Tim Hortons' lackluster quarterly performance disappointed Restaurant Brands' investors on Monday, despite the success of Burger King's Impossible Whopper and Popeyes' chicken sandwich. Burger King's launch of the meatless Impossible Whopper helped the chain achieve its strongest quarterly same-store sales growth since 2015. Popeye's Supplements is Canada's largest sports nutrition retailer with 140 stores Coast to Coast. Total revenues increased approximately 3.8 percent to $268.9 million in 2016, from $259.0 million in 2015. Why Tim Hortons is struggling in the U.S. Popeyes' same-store sales grew by 9.7% during the quarter, boosted by the nationwide launch of its chicken sandwich in August. Popeyes has only appeared on Entrepreneur’s annual Franchise 500 list twice in the past decade. 85 in 2008. Don’t Overlook These 29 Important Franchise Fees, Next post: FDD Talk 2017: What You Need to Know About the Great Clips Franchise Opportunity (Financial Performance Analysis, Costs and Fees), Need help? The company also trimmed its 2016 same-store sales growth outlook to … In the press release accompanying Popeyes’ earnings report for fiscal 2016, CEO (at the time of the report) Cheryl Bachelder said, “In 2016, we delivered global same-store sales growth of 1.7 percent, our eighth consecutive year of positive same-store sales growth, and 216 new restaurant openings around the world.”. Burger King same-store sales: +2.8% vs. +3.4% expected. The chicken sandwich will return to stores nationwide Nov. 3. 5. Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage – convenience stores, grocery retailing, restaurants and noncommercial foodservice – through media, events, data products, advisory services, and trade shows. Revenue: $1.46 billion vs. $1.46 billion expected Adj. 4. This is typically a store-level number, but this is the profit you can expect before paying interest on debt, taxes or a other administrative costs (above the store level) So is $312,000 a good return on the original $2,600,000 investment. 1. 7. Interest on Understated Sales: 1.5% per month or the maximum rate permitted by law, whichever is less. Popeyes opened 216 restaurants (118 domestically and 98 internationally). Popeyes opened 216 restaurants (118 domestically and 98 internationally). While Popeyes and Burger King beat expectations, Tim Hortons, which accounts for roughly 60% of Restaurant Brands' total revenue, was once again the laggard of the three chains. Renewal 3. 11. Reported net income was $9.2 million, or $0.44 per diluted share, compared to $9.6 million, or $0.42 per diluted share in the fourth quarter 2015. 81. Popeyes is an American multinational chain of fried chicken fast food restaurants founded in 1972 in New Orleans, Louisiana and headquartered in Miami, Florida.Since 2008, its full brand name is Popeyes Louisiana Kitchen, Inc., and it was formerly named Popeyes Chicken & Biscuits and Popeyes Famous Fried Chicken & Biscuits. Considering a Popeyes Louisiana Kitchen Franchise? Global same-store sales increased 1.7 percent in 2016, compared to 5.9 percent in 2015, for a two-year compounded growth rate of 7.7 percent. Soon after RBI acquired Popeyes Louisiana Kitchen, CEO Cheryl Bachelder announced that she would be leaving the company after the sale closes. Email franchisechatterblog@gmail.com. Section IV – Presentation and analysis of Popeyes Louisiana Kitchen’s financial performance representations, based on Item 19 of the company’s 2017 FDD, including information on the: Global system-wide sales increased 7.4 percent, for a two-year compounded growth rate of over 20 percent. The Canadian coffee chain typically accounts for more than half of Restaurant Brands' revenue. Adjusted earnings per share: 75 cents vs. 73 cents expected. A pedestrian walks past a Tim Hortons restaurant. International same-store sales increased 4.4 percent, compared to 7 percent in 2015, the 10th consecutive year of positive same-store sales growth. Over the next decade, Popeyes opened 500 more locations in the U.S. "We believe our position remains the strongest of any brand in any country," Cil said on the conference call. Get this delivered to your inbox, and more info about our products and services. Not surprisingly, the company is poking at Chick-fil-A again as it plots its return. Other menu items, like the $1 tacos, also sold well. For 2020, that number is … Popeyes' overall same-store sales grew by 9.7% during the quarter. Adjusted earnings per diluted share were $0.48, compared to $0.42 in 2015, representing an increase of 14.3 percent. In RBI’s recent Q1 report, the company said that Popeyes faced relatively flat sales growth as RBI continues to plan Popeyes’ international growth. Popeyes' chicken sandwich continues to boost sales in the U.S., with average sales per restaurant reaching $1.7 million on a trailing 12-month basis, Jose Cil, Restaurants Brands International CEO said during a Thursday earnings call with investors. The sale was supposed to be completed in early April, but RBI has yet to announce a new CEO. Revenue increased 6.8% to $1.48 billion, topping the FactSet consensus of $1.47 billion, as Burger King sales rose 8.4%, Popeyes sales soared 42.3% and Tim Hortons sales declined 2.9%. Data is a real-time snapshot *Data is delayed at least 15 minutes. Still, Restaurant Brands is confident that it can reignite Tims' domestic market through improved coffee, menu additions and digital engagement. Popeyes… Popeyes’ revenue increased by 36.8% to $145 million, with comparable sales increasing 34.4%. Copeland opened his restaurant to compete against Kentucky Fried Chicken. Tim Hortons, which accounts for roughly 60% of Restaurant Brands International's total revenue, was once again the laggard of the three chains. Popeyes parent's revenue falls 25% despite chicken chain's soaring same-store sales Published Thu, Aug 6 2020 6:48 AM EDT Updated Sat, Aug 8 2020 10:51 AM EDT Amelia Lucas Restaurant Brands earned $201 million, or 75 cents per share, for the period ended Sept. 30. 57 in 2011, while its lowest rank was No. © 2020 CNBC LLC. Its average per-store grosses were $3.18 million in … Today, there are over 2,600 Popeyes locations around the world. Chick-fil-A raked in revenues of over $4.4 million, more than doubling trendy competitors In-N-Out Burger, Chipotle, and Steak N Shake. Reminder: Your username and password are case-sensitive. CEO Jose Cil commented: Burger King delivered its … We want to hear from you. It’s next closest competitor is Whataburger, which generated $2.7 million per restaurant, a mere 61 percent of Chick-fil-A’s top line. This Fast-Food Chain Makes More Money Per Store Than McDonald’s. In this FDD Talk 2017 post, you’ll learn the following: Acquired by Burger King’s Parent Company for $1.8 Billion. Tims also pulled plant-based products made with Beyond Meat's burger and sausage from all provinces, excluding British Columbia and Ontario. Popeyes’ global same-store sales rose 9.7%, the company said, and systemwide sales rose 15.6% at the chicken chain. In early May 2018, Popeyes announced that it had signed a deal with Uber Eats to expand its delivery service in New York City, Chicago, Miami, and Washington. May 15, 2017 by Franchise Chatter Leave a Comment in Chicken Franchises, FDD Talk 2020: Food Franchises, Franchise Earnings. For the 2015 second quarter, Popeyes reported $59.4 million in revenue and 44 cents per share. (RBI Annual Reports). Product Testing, Inspections and Approval: Cost of testing new products and inspecting new suppliers. The second-quarter jump followed a same-store sales increase of 29.2% in the first quarter. Discover our menu and order delivery or pick up from a Popeyes near you. Domestic same-store sales increased 1.4 percent, compared to 5.7 percent in 2015, the eighth consecutive year of positive same-store sales growth. Shares of the company fell 2.6% in morning trading. “Popeyes had one of its best quarters in nearly two decades,” Cil said. Its revenue in 2018 reached $3,732 million. Global same-store sales increased 2.8 percent. ... according to 2017 data in a QSR revenue … Burger King reported its strongest quarterly same-store sales growth since 2015, thanks to its nationwide launch of the meatless Impossible Whopper in August. 10. 2. Net income was $10.3 million, or 47 cents per share, compared with $10.3 million, or 44 cents per share a year ago. In late February, Restaurant Brands International (RBI), the parent company of Burger King and Tim Hortons, confirmed that it would be purchasing Popeyes Louisiana Kitchen for $1.8 billion. Net sales rose 6% to $1.46 billion, narrowly missing estimates of $1.47 billion. Popeyes was founded in 1964 and the brand has grown to become the world’s second largest quick service chicken concept based upon number of restaurants. It is especially helpful for Popeyes to have broken … All Rights Reserved. According to Kobza, Popeyes already has a large global business that RBI can continue to grow. Launches Delivery in Major Markets with Uber Eats 1. The seven charts are for: all free standing restaurants, freestanding built in 2010, freestanding built in 2011, inline restaurants, convenience store restaurants, and other. Your email address will not be published. The Canadian coffee chain's same-store sales declined by 1.4% during the quarter. Got a confidential news tip? AFC continued to own Popeyes until the recent acquisition by Restaurant Brands International. Under Bachelder, Popeyes improved its relations with franchisees, which enabled the chain to promote unit growth and encourage operators to remodel locations quickly. Operating profit for company-operated restaurants was $20.7 million, or 19.1 percent of sales, compared to $21.9 million, or 20 percent of sales, in 2015. The leading quick service restaurant chain in terms of sales per unit was Chick-fil-A, with 4.52 million U.S. dollars worth of sales per unit in 2019. Here's what Restaurant Brands reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Restaurant Brands reported fiscal third-quarter net income of $351 million, or 75 cents per share, up from $250 million, or 53 cents per share, a year earlier. Popeyes, on the other hand, has been doing well: Comparable sales grew 17.4% in the third quarter, thanks in large part to the success of the brand's popular chicken sandwich. Burger King reported same-store sales declines of 7%, while Tim Hortons same-store sales fell by 12.5%. Though this is the highest per-store figure of the top 50 chains this year, it represents a comedown for Chick-fil-A. earnings per share: 72 cents vs. 72 cents expected Burger King same-store sales: +4.8% vs. +3.6% expected Cold beverages, like Tims' limited-time Oreo Iced Capp, fell short during the quarter. Bachelder has been CEO of Popeyes for about a decade and under her leadership, the company has expanded its global presence and franchise community. Revenue from Popeyes increased by 24% to $1.2 billion in the second quarter, with global comparable sales growth of 25%. The chain launched a chicken sandwich nationwide for the first time in August and sold out of the product in a little more than two weeks. 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