News

Captain D's posts another quarter of growth

May 1, 2013

Captain D's has posted another quarter of positive same-store sales increases, marking six quarters and 20 consecutive months of growth.

The Nashville, Tenn.-based, 520-unit chain turned in 8.3 percent same-store sales growth in 2012. At the end the first quarter, Captain D's continued that positive trend posting a 1.6 percent same-store sales growth for the system.

Combined same-store sales grew by 9.7 percent on a two-year basis, marking a new high for Q1 revenue. Promotional messaging during this time featured the brand's new Hand-Breaded Fish Tenders as its newest $4.99 Full Meal Deal.

"After our significant sales turnaround which garnered impressive sales increases over the past few years, we've continued to build upon that success entering the new year," said Phil Greifeld, CEO and president of Captain D's. "Our brand transformation has just begun and our growth potential is significant from here. Facility upgrades have rolled out to only a fraction of our restaurants and our product innovation pipeline is strong."

Captain D's recently took steps to accelerate new unit growth by hiring franchise industry veteran Michael Arrowsmith as chief development officer and promoting Jim Stevens to chief operations officer.

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