There was one relatively abnormal metric in Restaurant Brands’ (QSR) second quarter earnings release on Friday — a 2.5% same-store sales decline at Popeyes U.S. The result marked a continued U.S. sales slowdown for arguably the creator of the current fast-food chicken sandwich craze. From the fourth quarter of 2019 (when the Popeyes chicken sandwich insanity kicked off) through the third quarter of 2020, Popeyes U.S. saw same-store sales gains of 34% to 17.4%. But the sales trajectory has… Source link
Read More »Popeyes chicken sandwich is fighting off new insurgents: CEO
