Popeyes owner sees system-wide sales rise 14% in Q2
During the quarter, the group’s consolidated comparable sales also increased 9.6%, while net restaurants grew 4.1%
Restaurant Brands International Inc., which owns Popeyes and Burger King, has revealed that consolidated system-wide sales grew by 14% year-over-year during the second quarter ended 30 June.
This comes as the group surpassed the 30,000-restaurant mark globally, generating more than $40bn (£31bn) in system-wide sales over the last year.
During the quarter, the group’s consolidated comparable sales also increased 9.6%, while net restaurants grew 4.1% compared with the same period last year.
As a result, the group’s net income hit $351m (£275m) for the quarter, compared with $346m (£271m) in Q2 of 2022, while its adjusted EBITDA of $665m (£521m) increased 10.3% organically.
Josh Kobza, CEO of RBI, said: “I am very proud of the continued performance of our teams and our franchisees who helped drive 14% growth in system-wide sales and another quarter of improved franchise profitability.
“We are generating positive momentum and results behind each of our iconic brands by focusing on new menu innovations, supported by exceptional marketing and operations. I know the team is very motivated by the significant growth opportunities ahead of us in our home markets and around the world.”