News
Spicy Pickle comps increase 5%
April 16, 2008
DENVER — Spicy Pickle's first quarter 2008 same-store sales increased nearly 5 percent compared with the first quarter of 2007, the company announced.The comparison includes the 16 Spicy Pickle restaurants open during both the first quarter of 2007 and the first quarter of 2008.
The total revenues of those combined restaurants yielded a 4.64 percent increase over 2007, according to a news release.Spicy Pickle noted that because these restaurants are owned by franchisees, the revenues are not reflected in Spicy Pickle Franchising Inc.'s consolidated financial statements.
"We believe the increase in same-store sales of 4.64 percent over 2007 is a remarkable achievement against a backdrop of an economic recession," said Marc Geman, CEO of Spicy Pickle Franchising Inc. "For the most part, other restaurant operators have reported declining sales or very minimal growth. Spicy Pickle is delivering significant growth at the store level in a very difficult environment."
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