Flynn Restaurant Group will acquire 260 Pizza Hut stores in Australia.
👉 Background: Flynn Restaurant Group is a big name in the franchise game globally. They operate around 2,400 restaurants across 44 states in the US, including Arby's, Wendy's and Pizza Hut US.
👉 What happened: Now, Flynn Restaurant Group will acquire the 260 Pizza Hut stores in Australia. And while this will only grow its stores by ~10%, this is Flynn's very first international expansion.
👉 What else: On top of that, Pizza Hut Australia is a top performer - they've seen 50 months of same-store sales growth.
💡Same-store sales growth, or comparable-store sales growth, is an important metric to evaluate the performance of retail companies.
💡Pizza Hut Australia has seen 50 consecutive months of positive same-store sales growth. And this is a very strong indicator of consistent performance, as well as customer loyalty.
💡A high same-store sales growth suggests that Pizza Hut is not only getting existing customers to spend more... But also attracting new customers rather than relying solely on opening new ones for revenue growth.
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