Money Buzz! Europa

Tag: taco bell

  • Sphera Franchise Group sales at RON 710.8 million in 2020, down by 25.6%

    Sphera Franchise Group sales at RON 710.8 million in 2020, down by 25.6%

    Sphera Franchise Group reported sales of RON 710.8 million in 2020, representing a decrease of 25.6% compared to the performance in 2019.

    The group ended Q4 with a restaurant operating profit of RON 14.5 million and a net profit of RON 2.4 million.

    Sphera ended 2020 with restaurant operating profit of RON 49.3 million, 60.4% lower than the year before, and with a normalized EBITDA of RON 44.1 million.

    Sales through own delivery channels, as well as through online platforms of aggregators increased from 5.9% in 2019 to 25.3% in 2020.

    For KFC Romania, the share increased from 3% in 2019, to 23%, for Pizza Hut it doubled, going from 25%, to 50% in 2020 and for Taco Bell it surged from 2% to 37% in 2020.

    In Moldova, there were no sales for delivery in 2019, yet in 2020 the share of delivery order reached 26%.

    KFC Italy had insignificant (below 0.5%) number of deliveries in 2019, while in 2020, this channel reached 14%.

    In the course of 2020, the group opened 5 new KFC restaurants in Romania, 3 new KFC stores in Italy and 1 new Taco Bell in Romania.

    Following negotiations with Yum!, Brands Inc., KFC Romania has 6 more restaurants to open by the end of 2021.

    At the end of 2020, Sphera had 158 restaurants, of which 138 were in Romania, 18 in Italy and 2 in the Republic of Moldova.

  • Sphera Franchise Group posts annual sales in excess of EUR 200m

    Sphera Franchise Group posts annual sales in excess of EUR 200m

    • Sphera’s consolidated sales reached RON 955 million (c. EUR 201 million) for the full year 2019, up 24%;
    • Q4 sales up 19% to RON 260 million;
    • Sales across Sphera brands increased 6.2% Y/Y in Q4 and 7.8% Y/Y for the full year 2019;
    • Restaurant operating profit jumped 26% Y/Y in Q4 and 20.5% Y/Y for the full year 2019;
    • Net profit rose 165% Y/Y for the full year 2019.

    Sphera Franchise Group reports consolidated sales of RON 954.7 million (c. EUR 201 million) for the full year 2019, representing an increase of 23.8% compared to previous year, after a 19% increase in sales in Q4 2019, up to RON 260 million.

    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.

    For the full-year 2019, 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, sales across Sphera brands increased 6.2% compared to the same period of 2018.

    For the full-year 2019, Sphera posted restaurant operating profit of RON 124.3 million, up 20.5% Y/Y, and a net profit of RON 64.2 million, up 165% Y/Y.

    In Q4-2019, restaurant operating profit jumped 26% Y/Y to RON 36.1 million, while net profit reached 26.0 million compared with a loss of RON 8.1 million in Q4-2018.