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Popeyes US same-store sales drop 2.2% after cutting chicken wing flavors, impacting Restaurant Brands' Q3 results

31 Oct 2026, 01:41 WIB
New York Post
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Bearish
Popeyes US same-store sales drop 2.2% after cutting chicken wing flavors, impacting Restaurant Brands' Q3 results

Popeyes experienced a 2.2% decline in same-store sales in the US during the third quarter, attributed to a menu change that scaled back chicken wing offerings. Restaurant Brands International, Popeyes' parent company, reported mixed results with overall revenue slightly below expectations at $2.53 billion. While Popeyes faced challenges domestically, Burger King, another brand under the same parent, saw an 8.4% sales increase in the US. Popeyes is focusing on international growth in markets like the UK, India, and China, where it recently acquired its China operations for $15 million, viewing it as a key long-term opportunity.

Despite Popeyes' challenges with its menu changes, Restaurant Brands International's shares are trading at USD 72.31 on Pluang as of Oct 31, 2026 05:51 WIB, down 0.96% for the day. The company holds a market cap of $25.50 billion and offers a dividend yield of 3.56%, with investors typically holding the stock for 22 days. This shows steady investor interest even as the brand navigates mixed quarterly results.

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