The SPHINX, Chłopskie Jadło, Lepione Pieczone by Chłopskie Jadło, and The Burgers restaurant chains, owned by Sfinks Polska, generated revenues of 18.21 million PLN in December 2023, marking an increase of over one fifth (21.2%) year on year. This brought the total gastronomic revenues of the Sfinks network for 2023 to 190.9 million PLN, 13.7% more than in 2022, despite fewer restaurants operating – 76 compared to 78 the previous year.
Revenues from the comparable restaurant network (L4L) of SPHINX, Chłopskie Jadło, Lepione Pieczone by Chłopskie Jadło, and The Burgers outlets, operating at the end of December 2023 and at the end of December 2022, amounted to 17.33 million PLN in the last month, increasing by 20.9% y/y. Cumulatively for all of 2023, the comparable network achieved revenues of 185.96 million PLN, a growth of 18% compared to 2022.
“– The last month of 2023 with two commercial Sundays and generally greater interest from guests in December resulted in good sales results. In this way, we contributed the last brick to the annual sales result, which demonstrated the ability of our network to achieve better results. At the same time, our network, although constantly smaller than the previous year, is gradually rebuilding its size. In December alone, two SPHINX restaurants joined us – in Poznan and Opole. Importantly for us, both are run by entrepreneurs who previously operated as independent restaurateurs but appreciated the Sfinks franchise program and joined our network. We are working to increase the number of such new partners, and we will announce further openings soon. Last year was very important and in many ways groundbreaking for us. It laid the foundations for a new stage of development, which we want to implement as part of a new strategy for the years 2024-29, to build long-term value for our shareholders. I believe that with the tools we have today, and above all with the team that has entrusted us, we will make good use of our opportunities in the new year” – comments Sylwester Cacek, President of the Management Board of Sfinks Polska.
The gastronomic sales reported by Sfinks Polska include net sales revenues achieved by owned and franchised outlets, operating within the networks managed by the company, which are subject to continuous sales monitoring within Sfinks’s IT systems. It does not include sales made by the Piwiarnia network. At the same time, the company notes that gastronomic sales are not synonymous with sales revenues achieved by Sfinks Polska. The latter is made up of gastronomic sales revenues generated by owned restaurants and revenues from franchise fees calculated from gastronomic sales made by franchised restaurants. In the latter case, gastronomic sales revenues constitute revenues of the franchisees.
