Popeyes' overall same-store sales grew by 9.7% during the quarter. Renewal Popeyes also ranked on Entrepreneur’s Fastest Growing Franchise list in 2008 at No. 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. Earnings per share: 72 cents, adjusted, matching estimates, Revenue: $1.46 billion, vs. $1.47 billion expected. That compares with $134 million, or 53 cents per share, a year earlier. 3. Discover our menu and order delivery or pick up from a Popeyes near you. 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. Shares of the company fell 2.6% in morning trading. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. earnings per share: 72 cents vs. 72 cents expected Burger King same-store sales: +4.8% vs. +3.6% expected 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. May 15, 2017 by Franchise Chatter Leave a Comment in Chicken Franchises, FDD Talk 2020: Food Franchises, Franchise Earnings. According to the National Chicken Council, in 2018, Americans ate 93.8 pounds of chicken per person. Burger King's launch of the meatless Impossible Whopper helped the chain achieve its strongest quarterly same-store sales growth since 2015. 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.”. 11. Net sales rose 6% to $1.46 billion, narrowly missing estimates of $1.47 billion. Popeyes has only appeared on Entrepreneur’s annual Franchise 500 list twice in the past decade. Today, there are over 2,600 Popeyes locations around the world. For 2020, that number is … Popeye's Supplements is Canada's largest sports nutrition retailer with 140 stores Coast to Coast. The Canadian coffee chain typically accounts for more than half of Restaurant Brands' revenue. 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. U.S. revenue was especially strong, with an increase of 29%. The company also trimmed its 2016 same-store sales growth outlook to … The seven charts are for: all free standing restaurants, freestanding built in 2010, freestanding built in 2011, inline restaurants, convenience store restaurants, and other. According to Kobza, Popeyes already has a large global business that RBI can continue to grow. Global same-store sales increased 2.8 percent. (RBI Annual Reports). International same-store sales increased 4.4 percent, compared to 7 percent in 2015, the 10th consecutive year of positive same-store sales growth. Tims also pulled plant-based products made with Beyond Meat's burger and sausage from all provinces, excluding British Columbia and Ontario. 4. 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? Get access to exclusive coupons. 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. 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. The FactSet consensus for earnings per share was 29 cents. 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. Revenue from Popeyes increased by 24% to $1.2 billion in the second quarter, with global comparable sales growth of 25%. Burger King reported its strongest quarterly same-store sales growth since 2015, thanks to its nationwide launch of the meatless Impossible Whopper in August. Cold beverages, like Tims' limited-time Oreo Iced Capp, fell short during the quarter. 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. Got a confidential news tip? In RBI’s recent Q1 report, the company said that Popeyes faced relatively flat sales growth as RBI continues to plan Popeyes’ international growth. 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. Reminder: Your username and password are case-sensitive. Cil told analysts on the conference call that the item is popular with younger customers, as well as older customers who have not visited a Burger King restaurant for a while. 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. For 2020, that number is forecast to grow to 98.5 pounds. 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. In this FDD Talk 2017 post, you’ll learn the following: Acquired by Burger King’s Parent Company for $1.8 Billion. 6. Popeyes’ revenue increased by 36.8% to $145 million, with comparable sales increasing 34.4%. Sign up for free newsletters and get more CNBC delivered to your inbox. ... according to 2017 data in a QSR revenue … 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. Adjusted earnings per share: 75 cents vs. 73 cents expected. Copeland opened his restaurant to compete against Kentucky Fried Chicken. Its revenue in 2018 reached $3,732 million. Over the next decade, Popeyes opened 500 more locations in the U.S. The first Popeyes Louisiana Kitchen was opened in 1972 by Al Copeland in Arabi, Louisiana, a suburb of New Orleans. Revenue for the quarter increased 3.9 percent, to $61.7 million. Some other highlights from the report include: 8. Popeyes… 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. Shop Low Prices On A Huge Selection Of Supplements Today. Tim Hortons, which accounts for roughly 60% of Restaurant Brands International's total revenue, was once again the laggard of the three chains. Product Testing, Inspections and Approval: Cost of testing new products and inspecting new suppliers. 57 in 2011, while its lowest rank was No. We want to hear from you. 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. Franchising began in 1976 with the first franchised location opening in Baton Rouge, Louisiana. 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. Though this is the highest per-store figure of the top 50 chains this year, it represents a comedown for Chick-fil-A. This Fast-Food Chain Makes More Money Per Store Than McDonald’s. 10. 85 in 2008. As of December 2018, there were total 3,102 Popeyes Louisiana Kitchen restaurants operational worldwide. Its average per-store grosses were $3.18 million in … Popeyes' overall same-store sales grew by 9.7% during the quarter. Total revenues increased approximately 3.8 percent to $268.9 million in 2016, from $259.0 million in 2015. The second-quarter jump followed a same-store sales increase of 29.2% in the first quarter. 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. 1. Popeyes’ global same-store sales rose 9.7%, the company said, and systemwide sales rose 15.6% at the chicken chain. Tim Hortons' lackluster quarterly performance disappointed Restaurant Brands' investors on Monday, despite the success of Burger King's Impossible Whopper and Popeyes' chicken sandwich. Adjusted earnings per diluted share were $0.48, compared to $0.42 in 2015, representing an increase of 14.3 percent. 9. 5. Get this delivered to your inbox, and more info about our products and services. International same-store sales increased 4.4 percent, compared to 7 percent in 2015, the 10th consecutive year of positive same-store sales growth. Returned Payment Fee: $35 per returned payment. Burger King reported same-store sales declines of 7%, while Tim Hortons same-store sales fell by 12.5%. © 2020 CNBC LLC. 1.5% per month or the maximum rate permitted by law, whichever is less. Not surprisingly, the company is poking at Chick-fil-A again as it plots its return. Your email address will not be published. For the 2015 second quarter, Popeyes reported $59.4 million in revenue and 44 cents per share. Launches Delivery in Major Markets with Uber Eats 1. The Popeyes employee tells me their store orders three cases of the sandwiches every three days, and there are 60 sandwiches in a case. 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. During its third quarter a year ago, Tim Hortons launched all-day breakfast across Canada. Revenue: $1.46 billion vs. $1.46 billion expected Adj. Net income was $10.3 million, or 47 cents per share, compared with $10.3 million, or 44 cents per share a year ago. All Rights Reserved. Excluding items, the company earned 72 cents per share, in line with analyst expectations in a Refinitiv survey. The much-anticipated annual QSR 50 ranking is here, and at the top of this year’s list is hamburger heavy weight McDonald’s with more than $32 billion in systemwide sales in the U.S. during fiscal 2010. Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI), the franchisor and operator of Popeyes® restaurants, today reported results for fiscal 2016 that ended ... or $1.98 per … According the Popeyes FDD, the average operating profits per store was $312,782. Don’t Overlook These 29 Important Franchise Fees, FDD Talk 2017: What You Need to Know About the Great Clips Franchise Opportunity (Financial Performance Analysis, Costs and Fees), Section I – Background information on the Popeyes Louisiana Kitchen franchise opportunity, including relevant news updates, Section II – Estimated initial investment for a Popeyes Louisiana Kitchen franchise, based on Item 7 of the company’s 2017 FDD, Section III – Initial franchise fee, royalty fee, marketing fee, and other fees for a Popeyes Louisiana Kitchen franchise, based on Items 5 and 6 of the company’s 2017 FDD. Interest on Understated Sales: 1.5% per month or the maximum rate permitted by law, whichever is less. 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. “And we’ve been sold out since Tuesday.” There are about 3,000 Popeyes locations worldwide, most of which are in the U.S. One site tallies 2,378 American locations. 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. Your email address will not be published. Email franchisechatterblog@gmail.com. At the time of the announcement, Restaurant Brands International said that Popeyes would continue to be managed independently. Other menu items, like the $1 tacos, also sold well. While Starbucks' U.S. business has been helped by the increased year-round popularity of its cold drinks, Tims has to reckon with colder Canadian weather. 2. Data is a real-time snapshot *Data is delayed at least 15 minutes. A pedestrian walks past a Tim Hortons restaurant. It is especially helpful for Popeyes to have broken … Popeyes opened 216 restaurants (118 domestically and 98 internationally). 7. AFC continued to own Popeyes until the recent acquisition by Restaurant Brands International. Bachelder has been CEO of Popeyes for about a decade and under her leadership, the company has expanded its global presence and franchise community. A Division of NBCUniversal. The chicken sandwich will return to stores nationwide Nov. 3. "Popeyes had one of its best quarters in nearly two decades, achieving comparable sales growth of more than 10% in the U.S.," Restaurant Brands CEO Jose Cil said in a statement. Soon after RBI acquired Popeyes Louisiana Kitchen, CEO Cheryl Bachelder announced that she would be leaving the company after the sale closes. 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. 81. The company’s highest rank was No. The chain launched a chicken sandwich nationwide for the first time in August and sold out of … The Canadian coffee chain's same-store sales declined by 1.4% during the quarter. Total revenue fell to $1.05 billion from $1.40 billion, above the FactSet consensus of $1.04 billion. The company has also been trying to expand Tims' reach abroad, including the United States. Still, Restaurant Brands is confident that it can reignite Tims' domestic market through improved coffee, menu additions and digital engagement. Required fields are marked *, Previous post: Considering a Popeyes Louisiana Kitchen Franchise? CEO Jose Cil commented: Burger King delivered its … Burger King same-store sales: +2.8% vs. +3.4% expected. 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%. Considering a Popeyes Louisiana Kitchen Franchise? “Popeyes had one of its best quarters in nearly two decades,” Cil said. Restaurant Brands earned $201 million, or 75 cents per share, for the period ended Sept. 30. Marissa Laliberte Updated: Jan. 16, 2020. Although Popeyes did not disclose how many restaurants would be participating in the ser… 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. 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 "We believe our position remains the strongest of any brand in any country," Cil said on the conference call. Popeyes opened 216 restaurants (118 domestically and 98 internationally). Total revenues increased approximately 3.8 percent to $268.9 million in 2016, from $259.0 million 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. Again, this is very useful. Under Bachelder, Popeyes improved its relations with franchisees, which enabled the chain to promote unit growth and encourage operators to remodel locations quickly. The sale was supposed to be completed in early April, but RBI has yet to announce a new CEO. 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