Sphera Franchise Group sales up over 20%
Sphera Franchise Group, which owns the companies that operate the KFC, Pizza Hut, Pizza Hut Delivery and Taco Bell brands in a franchise system, sold in the first three months of 2023 worth RON 335.1 million, a 20.3 percent increase compared to the same period last year. Sphera Franchise Group ended the first quarter of the year with a net profit of RON 7.3 million compared to a net loss of RON 10.9 million in Q1 2022.
“The first quarter of the year is usually a slow time for the food service industry, due to the drop in activity after the winter holidays. However, despite the cyclicality of the business and the challenging economic context, with high inflation, we started 2023 strongly, continuing the growth trend of last year," said Călin Ionescu, CEO, Sphera Franchise Group.