"Once the king of the chicken sandwich, Popeyes faces a lot of competition for the crown these days. Ascendant fried chicken hotspot Raising Cane's exploded in growth last year, knocking off KFC to become the third most-popular fast food chicken chain in the U.S. behind Chick-fil-A and Popeyes. Meanwhile, upstarts like Dave's Hot Chicken and Hangry Joe's Hot Chicken & Wings are growing fast and eyeing a similar trajectory."
"Popeyes parent company Restaurant Brands International (RBI) just reported its quarterly earnings, and In the last quarter, the chicken chain's U.S. sales were down nearly 5%-its fourth consecutive quarterly slide. Other fast food brands under RBI's umbrella saw sales tick up during the same time period. Beyond Popeyes Louisiana Kitchen, RBI also owns Burger King, Tim Hortons, and Firehouse Subs. With almost 20,000 locations, Burger King is RBI's biggest chain, dwarfing the 5,000 Popeyes locations around the globe."
Popeyes' U.S. sales declined nearly 5% in the most recent quarter, marking a fourth consecutive quarterly slide. Competing chicken chains have surged: Raising Cane's overtook KFC to become the third most-popular U.S. chicken chain behind Chick-fil-A and Popeyes, while Dave's Hot Chicken and Hangry Joe's are expanding rapidly. RBI owns Popeyes along with Burger King, Tim Hortons and Firehouse Subs; Burger King operates nearly 20,000 locations versus roughly 5,000 for Popeyes. RBI replaced Popeyes leadership, appointing former Burger King COO Peter Perdue as Popeyes U.S. and Canada president. RBI plans targeted support, coaching visits and experience rallies for underperforming locations.
Read at Fast Company
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