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Church's Chicken expects to break $2 billion in sales
March 15, 2006
ATLANTA — Shortly after reaching its $1 billion dollar system sales milestone, Church's Chicken franchise development executives are pledging to award development agreements for 150 new U.S. and 950 international restaurants within the next year. This pledge is on the heels of CEO Harsha Agadi's announcement that the company will set its sights on reaching the $2 billion mark within the next five years.
That promise to double sales will depend greatly on the continued momentum of the combined franchise divisions of the company, which are credited for bringing in over 75 percent of that $1 billion dollar figure.
"We truly believe in a 'one system' philosophy, set into motion by the new team and new owners," said Doug Pendergast, executive vice president and chief franchising officer. "It's the recognition that if our franchisees are having success in their current restaurants and generating attractive returns from new development, then (and only then) the entire system grows and prospers."
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