BUSINESSBUSINESSCOMPANIESECONOMY

Sphera Franchise Group achieves consolidated sales in Q4 up by 5.3% compared to Q3 and ends 2020 with results above estimates

  • Sphera Franchised Group closed 2020 with consolidated sales for a full year of RON 710.8 million, a decrease of 25.6% compared to the performance in 2019
  • Sphera consolidated sales in the Q4 2020 amounted to RON 4 million, a 5.3% quarter-on-quarter increase
  • Orders for delivery increased up to 25.3% from total sales in 2020, as compared to 5.9% in 2019
  • The Group ended 2020 with a restaurant operating profit* of RON 49.3 million, 60.4% lower than the year before
  • USFN (KFC Romania) has 6 more new stores to open by the end of 2021 after negotiations with Yum!
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