Popeyes is a well-known brand available in many countries like the USA, India, the UK, and many more. Popeyes is a fast-food company that offers many items like fried chicken, chicken tender, fried shrimp, biscuits, etc. These items’ test and quality boosted Poerye’s Net Worth with time.
As we know, In many countries like India the food business is growing very rapidly, and most probably in the upcoming few years, this business will be in a very huge profit. Popeyes understands the user demand and to fulfill the user demand there are a lot of items available for users.
We already shared a post on Popeyes Menu Prices (Complete List), where you can find almost all the items that Popeyes provides. In some cases, a few times may not be available in your country.
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About Popeyes
Popeyes is a fast food company in the USA, which is working in the restaurant industry. Popeyes compnay was founded in 1972 in Louisiana, USA. The headquarters of the compnay is present in Miami, Florida, USA. According to data, it is present in more than 3,700+ locations all over the world.
Popeyes is known for its floured spicy chicken and biscuits. They have a wide range of item categories like Chicken Wings, Combo Meals, Chicken sandwiches, Signature Chicken, Seafood, Tender, etc. In these categories, there are many times based on the different tastes, requirements, etc.
Nearly 1992 Popeyes companies was near to its bankruptcy because of the very high DEBT. To protect the compnay a bankruptcy was filed and it was approved too. So, investors invested in the compnay to save it and after a few years the compnay became very popular.
As of now, the Popeyes compnay is owned by the RBI (Restaurant Brands International). The RBI also owns many popular restaurants like Hortons, Burger King, Popeyes, Firehouse Subs, and many more.
Popeyes Financials
Below is some financial information about the Popeyes Company which is also known as Popeyes Louisiana Kitchen, Inc. The information was last updated on 13 January 2024. You can check the latest data on websites like Yahoo Finance, Google Finance, etc.
Note: Hope you know, that Popeyes stock is not listed. As a result, you can not get detailed information about the company. Some information is available on the Internet.
| Metric | Data |
|---|---|
| Market Cap | $8.72 Billion |
| Stock Price | $58.23 |
| 52-week Low | $46.12 |
| 52-Week High | $67.52 |
| Revenue (TTM) | $3.50 Billion |
| Net Income (TTM) | $397.8 Million |
| Trailing P/E Ratio | 29.1 |
| Year-to-Date Change | 26.4% |
| Earning per Share (TTM) | Earnings per Share (TTM) |
| Number of Restaurants (Global) | 3,247 |
| Same-Store Sales Growth (Q3 2023) | 4.4% |
Popeyes Net Worth
As of 15 January 2024, Popeye’s Net Worth is near US$46.8 Billion but in 2017 its net worth was near US$1.8 Billion. As you can see in the last 6 years the company has grown very rapidly because of the high demand for their items.
In the fired chicken Popeyes Louisiana Kitchen Inc. is one of the top major players in the U.S. Popeyes Lousisana Kitchen Inc. has approx 20% to 25% market share. But in the fast food industry, the market share is meager nearly 2% to 3% worldwide.
KFC and McDonald’s are the top competitors or you can also say that their sales, profit, and market share are high in many terms but in the case of chicken fried Popeyes Louisiana Kitchen Inc. is one of the top players.
Popeyes Profit and Loss
Popeyes’s Louisiana Kitchen Inc.’s revenue, profit, sales, and operating expenses have been increasing every year since 2019. In 2019, the net profit of Popeyes was US$201.6 million and they sold the goods worth US$801.9 million.
Below are the revenue, net profit, sales, and operating expenses of the compnay for the last 5 years. The source of the data is Google, we recommend you to cross-check the data with the source or medium you trust.
Note: All the data like net profit, revenue, etc. are in USD millions.
| Year | Revenue | Good Sold Cost | Operating Expenses | Net Income |
|---|---|---|---|---|
| 2019 | 2,109.1 | 801.9 | 1,105.6 | 201.6 |
| 2020 | 2,420.2 | 900.3 | 1,232.5 | 287.4 |
| 2021 | 2,922.7 | 1,029.5 | 1,439.2 | 454.0 |
| 2022 | 3,550.7 | 1,255.4 | 1,750.6 | 544.7 |
| 2023 | 4,200.0 | 1,500.0 | 2,050.0 | 650.0 |
Popeyes Franchise
If you want to open a fast food store to make money, Popeyes Frenchie can be a good idea. Poepyes allows everyone to buy its Frenchie and open a store on a location. To buy or get its Frenchie you need some money to buy it.
But only Frenchie amount is not enough because there are some more conditions to buy it franche. It is because to run the store smoothly. Below are all the requirements in detail, in a few words, all the requirements can be completed if you have money.
Note: The below-shared price/cost to open a Popeyes store can vary because of the location, country, size, etc. You can contact Popeyes to ask your questions about the franchise to get detailed information about it.
| Title | Amount in US$ |
|---|---|
| Franche Fee | $50,000 |
| Royalty Fee | 5% |
| Marketing Fee | 5% |
| Min. Net Worth | $1,000,000 |
| Min. Liquid Capital | $500,000 |
| Investment Amount | $10,00,000 |
Popeyes Owner
As of now, there is no owner of the Popeyes company. The Popeyes compnay is owned by RBI (Restaurant Brands International) company. This company also owns many popular or leading fast food companies like KFC, McDonald’s, etc.
However, Popeyes was founded in 1972 by AI Copeland. After a few years, it was sold. In 2017 the RBI (Restorent Brand International) acquired the company.
Final Words: Popeyes is a well-known company and one of the leading compnay in the fast food industry. A lot of people are attracted to its franchises because, in the last few years, the compnay made a massive profit from its business. With time, Popeye’s Net Worth is increasing, you can check it above.