Popeye's 2015 Annual Report Download - page 32

Download and view the complete annual report

Please find page 32 of the 2015 Popeye's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

Summary of System-Wide Data
The following table presents financial and operating data for the Popeyes restaurants we operate and those that we franchise.
The data presented is unaudited. Data for franchised restaurants is derived from information provided by our franchisees. We
present this data because it includes important operational measures relevant to the QSR industry.
2015 2014 2013 2012 2011
Global system-wide sales increase (1) 11.8 % 12.3% 8.2% 13.5% 6.6%
Company-operated restaurants same-store sales increase (decrease) (0.4)% 5.7% 2.3% 5.3% 1.1%
Domestic franchised restaurants same-store sales increase 6.0 % 6.4% 3.6% 7.5% 3.1%
Total domestic same-store sales increase 5.7 % 6.3% 3.6% 7.5% 3.0%
International franchised restaurants same-store sales increase 7.0 % 5.1% 4.7% 2.6% 3.3%
Total global same-store sales increase (2) 5.9 % 6.2% 3.7% 6.9% 3.1%
Company-operated restaurants (all domestic)
Restaurants at beginning of year 65 53 45 40 38
New restaurant openings 5 13 9 5 2
Permanent closings —(1)(1)— —
Restaurants at end of year 70 65 53 45 40
Franchised restaurants (domestic and international)
Restaurants at beginning of year 2,314 2,172 2,059 1,995 1,939
New restaurant openings 214 188 185 136 138
Permanent closings (53) (52)(67)(75)(75)
Temporary (closings)/re-openings, net (3) (6) 6 (5)3(7)
Restaurants at end of year 2,469 2,314 2,172 2,059 1,995
Total system restaurants 2,539 2,379 2,225 2,104 2,035
New franchised restaurant openings
Domestic 120 108 115 79 71
International 94 80 70 57 67
Total new franchised restaurant openings 214 188 185 136 138
Franchised restaurants
Domestic 1,900 1,805 1,716 1,634 1,587
International 569 509 456 425 408
Restaurants at end of year 2,469 2,314 2,172 2,059 1,995
(1) Fiscal year 2012 consisted of 53 weeks. All other fiscal years presented consisted of 52 weeks. The 53rd week in 2012
contributed approximately 2.0% to global system-wide sales growth. Excluding the impact of the 53rd week in 2012,
global system-wide sales growth in 2013 was approximately 9.9%.
(2) New restaurants are included in the computation of same-store sales after they have been open 65 weeks. Unit
conversions are included immediately upon conversion. Temporary closings are excluded from same store sales for
the period they are closed. Changes in international same-store sales are reported on a constant dollar basis which
reflects changes in international local currency sales.
(3) Temporary closings are presented net of re-openings. Most temporary closings arise due to the re-imaging or the
rebuilding of older restaurants.
16