KFC restaurants in Romania reported 16 percent growth in 2019 sales

Sphera Franchise Group reports consolidated sales of 201 million Euro for the full year 2019, representing an increase of 23.8% compared to previous year.

The main contributors were the 15.9% growth in the sales of USFN Romania (KFC restaurants), compared to 2018, and the 155% growth of USFN Italy (KFC restaurants in Italy). CFF (Taco Bell restaurants) sales grew 171%, while ARS (Pizza Hut restaurants) sales advanced 7.3% Y/Y.

“We are very satisfied with our results for the year 2019. Our sales remained strong and our margins improved despite ongoing challenges. We opened 16 stores last year and remain firmly committed to continue the expansion of our brands in all markets that we operate”, said Georgios Argentopoulos, CEO of Sphera.

For the full-year 2019, like-for-like sales across Sphera brands increased 7.8%, being mainly supported by a 9.2% advance for KFC Romania, a 16.2% increase for KFC Moldova and a 5.6% increase for KFC Italy. In Q4, like-for-like sales across Sphera brands increased 6.2% compared to the same period of 2018.