Momentum for Future International Expansion Grows
ATLANTA–(BUSINESS WIRE)–Arby’s Restaurant Group, Inc. (ARG), parent company of the franchisor of
the Arby’s brand, has announced an international franchise development
agreement with Al-Kharafi Global for General Trading & Contracting
Company-WLL (Kharafi Global), to open 25 new Arby’s restaurants in the
State of Kuwait and Kingdom of Saudi Arabia over the next seven years.
This news follows a strong year of development for Arby’s in 2015 with
69 new restaurant openings globally along with agreements for 138 new
restaurants announced in Q1 2016.
“We are excited about the agreement with Kharafi Global as we turn our
attention to bringing the Arby’s brand to new markets around the
world.,” said Paul Brown, Chief Executive Officer, Arby’s Restaurant
Group, Inc. “We welcome Kharafi Global and their experienced restaurant
development and operations team into the Arby’s family and have the
utmost confidence in their success.”
“We are thrilled to bring the Arby’s brand to guests in Kuwait and Saudi
Arabia,” said Haidar Al Naqeeb, Managing Director and Co-Founder,
Kharafi Global. “With Arby’s continued strong sales performance,
outstanding leadership and robust menu of delicious, Fast Crafted™
products, we believe the future for Arby’s is incredibly bright.”
Arby’s remains on track with its goal to surpass $4 billion in total
system-wide same-store sales (SSS) by the end of 2018. In Q1 2016, the
Brand announced U.S. System SSS growth of 5.8 percent1 in the
first quarter of 2016. Arby’s SSS growth more than doubled a
representative sample of the larger Quick Serve Restaurant (QSR) chains2,
representing 22 consecutive quarters of SSS growth and 13 consecutive
quarters of industry outperformance. Arby’s also reported U.S. System
two-year SSS of 15.3 percent in Q1 2016.
1 Source: Internal ARG data; Includes estimates for unreported
franchisees at time of release.
2 Source: The NPD Group/SalesTrack® Weekly reports same store sales
collected weekly from 45 of the larger Quick Service Restaurant chains
during Q1 2016 ending April 3, 2016.
Arby’s, founded in 1964, is the first nationally franchised sandwich
restaurant brand, with more than 3,300 restaurants worldwide. The Arby’s
brand purpose is “Inspiring Smiles Through Delicious Experiences™.”
Arby’s® restaurants feature Fast Crafted™ service, a unique
blend of quick-serve speed and value combined with the quality and
made-for-you care of fast casual. Arby’s Restaurant Group, Inc. is the
parent company of the franchisor of the Arby’s brand and is
headquartered in Atlanta, Ga. Visit Arbys.com
for more information.
With the current growth and momentum of the Brand, Arby’s is actively
seeking new franchisees. To learn more about available markets and
requirements, visit DiscoverArbys.com.
Christopher Fuller, 678-514-4211