Sfinks Polska plans to open 20-30 new restaurants under various brands in this year

Sfinks Polska plans to open 20-30 new restaurants under various brands in 2024, the Group announced. In the first quarter of this year, the value of catering sales realized by premises operating under brands belonging to the Sfinks Group, excluding the Piwiarnia network, amounted to a total net of PLN 47.48 million, which means an increase of 7.4% y/y.

“In the first quarter of this year, the average monthly number of our network was even slightly smaller than in the same quarter before a year ago, and therefore the increase in the turnover of the premises all the more confirms the positive trend in terms of sales volume. L4L results are particularly pleased, as our network will develop and in the following quarters we plan new openings, which will have an even greater impact on the increase in sales in the total network. At the beginning of the year, we launched two franchised restaurants in Toruń and Gdańsk. In the second quarter of 2024, new restaurants will come again, including in Gliwice, Rzeszów, Jarocin, Poznań. If there are no unexpected events in the market environment, then this year we should launch a total of 20-30 new restaurants under different brands," said Sylwester Cacek, President of the Sfinks Polska.

The value of net catering sales carried out by comparable premises, i.e. operating both from the end of each of the months from the reported quarter, and at the end of the months from the same period of the previous year (L4L), operating under the brands belonging to the Sfinks Group excluding the Piwiarnia network, for the first quarter of 2024 amounted to PLN 44.76 million in relation to sales at the level of PLN 40.89 million for the first quarter of 2023. (9.5 percent growth).

At the end of March this year, the network, whose catering revenues the company reports, had 75 units. For a comparable restaurant chain, sales growth was higher at 9.5% y/y.

In terms of sales volume and the number of restaurants, Sfinks is the largest casual dining chain in Poland. Sfinks Polska is also the third most revenue-neutline company in Poland.

Source: Sfinks Polska and ISBnews