Arby’s, the Fast Crafted restaurant brand with more than 3,300 restaurants worldwide, announced U.S. system same-store sales (SSS) growth of 5.8 percent in the first quarter of 2016. Including Leap Day, Arby’s U.S. System SSS growth was 6.6 percent during the first quarter of 2016. Arby’s SSS growth more than doubled a representative sample of the larger quick-service chains, representing 22 consecutive quarters of SSS growth and 13 consecutive quarters of industry outperformance.
Arby’s reported U.S. System two-year SSS of 15.3 percent (16.1 percent when accounting for Leap Day impact) in Q1 2016 and attributed the sales success to a winning combination of innovative products, a marketing approach that continues to resonate and a relentless focus on guest experience resulting in the brand attracting new guests while giving existing guests reason to frequent restaurants more often.
“Our consistent industry outperformance and business momentum continues to reinforce that our differentiated Fast Crafted restaurant experience is resonating with our target guests,” says CEO Paul Brown. “I continue to be pleased with how our corporate and franchise teams are working together to grow sales and increase restaurant level profitability—putting us in a strong position to deliver on our strategic priority of accelerating remodels and new restaurant development.”
Arby’s strong Q1 sales results follow last month’s announcement of several new development agreements with new and existing franchisees, representing 138 new restaurants. Arby’s remodeled 179 U.S. company and franchise restaurants during 2015 and expects to exceed that pace this year.
Other financial and business highlights from the quarter include:
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