Popeyes sales are soaring, but its sister restaurants are seeing declines
Chain reportedly still seeing gains since releasing chicken sandwich last year
It’s been a good year for fried chicken.
Popeyes is reportedly still seeing growth since the release of its now-famous chicken sandwich. This news comes as other restaurants in the Restaurant Brands International portfolio reported declines during the same time period.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| QSR | RESTAURANT BRANDS INTERNATIONAL INC. | 75.35 | -0.48 | -0.63% |
During the last U.S. quarter, Popeyes saw an increase of 19.7% in same-store sales, Restaurant Business Online reports. This growth reportedly shows a continued trend, which started after Popeyes introduced its popular chicken sandwich last year.
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During the last U.S. quarter, Popeyes saw an increase of 19.7% in same-store sales. (iStock)
When the item debuted, the sandwich was so popular that Popeyes temporarily ran out of stock after just two weeks. It has also been introduced during the third quarter, but remained unavailable in some markets until November because of supply issues.
Based on the numbers, however, it does not appear that this hurt the sandwich’s popularity.
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Since the sandwich's debut, other fast-food chains have also either introduced similar chicken sandwiches, or have announced plans to. Fox News previously reported that Burger King is rumored to be testing out a new hand-breaded crispy chicken sandwich. Burger King would neither confirm nor deny the rumor, only saying that the company is “constantly testing new items.”
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Popeyes is owned by Restaurant Brands International, which also owns Burger King and Tim Hortons. While the fried chicken chain saw growth during the quarter that ended on Sept. 30, the other chains saw sales decline. During the last quarter, Burger King reportedly saw a decline of 3.2% in same-store sales in the U.S., while Tim Hortons saw a decline of 13.7% in same-store sales in Canada.
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Fox News' Janine Puhak contributed to this report.