Popeyes Louisiana Kitchen reported this week that global same-store sales increased 5.9 percent for fiscal year 2015. Domestic same-store sales increased 5.7 percent, while international same-store sales rose 7 percent for the year, according to Nation’s Restaurant News. Net income for the year was $44.1 million compared with $38 million the prior year. Revenues were $259 million, rising nearly 10 percent.
The Atlanta-based chain also surpassed 2,500 units after opening a record 219 new restaurants in 2015. The company estimated its market share of the domestic quick-service chicken space reached 25.5 percent in 2015, an increase from 23.2 percent in 2014.
Popeyes also outlined a new strategic roadmap for the next seven to 10 years, including the growth in average unit volume from the current $1.4 million to $2 million; increasing domestic franchisee profitability; and increasing its global restaurant count from 2,500 to 4,000.
The company said those results will be driven by a continued focus on the brand’s Louisiana heritage, passionate teams, and operational excellence.
