The iconic Italian brand saw its sales increase by 27.4% compared to 2019, signed four franchise agreements and opened three branches in the third quarter
Lexington, Kentucky (RestaurantNews.com) With three quarters of record sales and historic growth, by Fazoli is among the best in the industry.
In the third quarter, the iconic Italian brand’s historic double-digit sales streak from month to month soared. With system-wide sales up 27.4% from 2019, the brand celebrated some of the best sales in the industry, according to a report from Kalinowski Equity Research, LLC.
“At Fazoli’s, we are a very tactical organization that focuses on consumer behaviors and continues to position the brand as an industry leader,” said Carl Howard, CEO of Fazoli. “Basically, we offer delicious Italian food at an unbeatable price, enhanced by our exceptional service. We set ourselves apart from the competition, compared to big brands like Burger King, McDonald’s and Domino’s.
A technology-driven brand, Fazoli’s is experiencing rapid growth in its rewards program. In the third quarter, Fazoli’s recorded an impressive 8% growth in the number of unique loyal customers compared to the second quarter. Fazoli’s total loyalty sales reached $ 5,837,902, an increase of nearly 12% from the second quarter.
Fueled by record sales and traffic, Fazoli’s is on track to deliver on its aggressive development plans, with franchises up over 45% for the quarter and over 75% year-to-date. In the third quarter, the brand signed four regional development agreements to add 10 new locations in Florida, Georgia, North Carolina and South Dakota. The brand celebrated three new openings in the third quarter in Rome, Georgia; Warrensburg, Missouri; and Zanesville, Ohio. The brand is expected to open six more locations in Florida, Tennessee and Texas for a total of 15 new restaurants, setting a record for new openings.
“Future franchisees are looking for a lucrative investment opportunity, and that’s what they get when they sign with Fazoli’s,” Howard said. “Our AUVs have never been higher and we are growing our brand footprint across the country at an unprecedented rate. From record sales to a focus on operational excellence and impressive online customer engagement, we’re doing it right. The future of Fazoli is unlimited.
Fazoli’s: Fast. Costs. Italian.
Founded in 1988 in Lexington, Ky., Fazoli’s owns and operates nearly 220 restaurants in 27 states, making it the largest Italian high-end fast food chain in America. Fazoli’s is proud to serve top quality Italian cuisine that is fast, fresh and friendly. Menu offerings include freshly made pasta entrees, subs® sandwiches, salads, pizzas and desserts – plus unlimited signature breadsticks. Fazoli is a winner of FastCasual and Steritech Award of Excellence in Food Safety 2020 and was named one of the “50 Best Global Fast Casual Innovators in 2021” by Foodable, a “Top 200 franchises in 2021” by Franchise Business Review, a Fast casual “Brand of the year” and a Contractor 2018 “Franchise 500”. CEO Carl Howard was named one of the nation’s most influential restaurant CEOs of 2020 by News from the nation’s restaurants, was recognized as one of the top 25 industry leaders on FastCasual’s List of the top 100 movers and shakers of 2021, and he and his team were recipients of the 2021 American Business Awards Stevie Gold Award in Food and Beverage for Business of the Year and Management Achievement.