News

Arby's wraps 17 above industry-average quarters

April 27, 2017

Arby's said its quarter financials for 2017 continued its growth streak, marked by 26 quarters of system same-store sales growth and 17 quarters with a better performance than the QSR industry as a whole, a news release said. 

In Q1, the chain reported growth of 1.6 percent in same-store sales, with a 2-year SSS growth of 7.6 percent. Arby's also reached 12 consecutive quarters of growing transactions system-wide in the United States.

"Our ability to maintain a strong pace of sales and transaction growth, despite the headwinds the industry is facing, underscores that our strategy is working," Arby's CEO Paul Brown, said in a news release. "I'm proud of what we've accomplished in the first quarter, and I'm confident that we have the team, the product pipeline and the vision to continue to deliver strong results."

The brand remains on track to achieve its goal set in 2014 to reach $4 billion in system sales by the end of next year. 

Additional highlights from the first quarter include:
•    Guest experience ratings grow 7 percent year-over-year, placing in the top five fast food companies in Temkin Group's 2017 Temkin Experience Ratings.
•    Signed 29 development agreements to build 86 new U.S. restaurants.
•    Introduced Chicago-style beef dip in March in Big City line, which also includes fire-roasted Philly and New York reuben.