News

Fazoli's reports strong March sales

April 14, 2014

Fazoli's franchised and company restaurants in March reported year-over-year sales increases of nearly 7 percent, far outpacing its quick service and fast casual competitors, according to a company press release. The strong sales come as Fazoli's prepares to open 10 new restaurants this year.

Franchised locations posted a 6.8 percent sales jump, with corporate restaurants reporting a 6.7 percent increase. By comparison, various industry research firms report QSR and fast casual sales increased from less than a half-percent to 4.8 percent.

"The combination of increasing service after the point of sale and providing our guests with highly craveable products, all at a price point under $7, is proving to be a winning formula," said Carl Howard, president and CEO.

He also that March sales are a precursor to what should be a very good year for Fazoli's, which has nine franchised restaurants currently in development. The first two are scheduled to open next month in Dubuque, Iowa and Whitehouse, Texas. Fazoli's will open another company-owned restaurant this summer in Dayton, Ohio.

"2014 is shaping up as a watershed year, with same-store sales growing, current franchisees adding units, and new operators joining the system," Howard said. "This, combined with a strengthening economy and some very exciting promotions, like our current Nutella Cheesecake limited-time-offer, put Fazoli's in an excellent position for future development."