Popeyes

Financing

Popeyes sales took a hit last quarter

The chicken chain’s same-store sales declined 4.9% in the U.S. last quarter, but sister chain Burger King’s same-store sales rose 2.6%.

Financing

Popeyes' new management team gets a big, early test

The Bottom Line: The bankruptcy filing of Sailormen is putting pressure on the fast-food chicken chain while proving that franchisors should pay close heed to their franchisees' finances.

Sailormen, which operates 130 locations of the fast-food chicken chain in Florida, struggled with heavy debt and liquidity challenges. But the company says the filing doesn’t reflect the state of the brand.

The former Burger King chief operating officer will take the helm of the fast-food chicken chain in the U.S. and Canada. Nico Henrich was named to take Perdue’s old position.

The fast-food chicken chain’s same-store sales declined again last quarter, its fourth decline in the past five earnings periods. Here’s what the company plans to do to turn it around.

The fast-food chain’s same-store sales rose 3.2% last quarter despite a tough market for the quick-service sector. Firehouse Subs and Tim Hortons also saw improved sales, but Popeyes lagged.

The fast-food chicken chain is partnering with YouTube series Hot Ones to feature the show’s hot sauces in three menu items.

Celebrity couples come and go, but when it comes to food pairings, chicken and sauce are lifelong partners. Popeyes and KFC are the latest to put a new spin on the duo.

The fast-food chain’s parent company, Restaurant Brands International, wants to get to 5% unit growth for its concepts by 2028. To do that, it must get its flagship chain on track in the world’s biggest growth market.

The fast-food chicken chain believes better-run restaurants are key to improving sales. So the chain has acquired more locations to show franchisees the way it’s done.

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