Captain D’s continued its record setting performance in the third quarter of 2013, marking 26 consecutive months of compounding sales growth.
The 520-unit fast-casual seafood chain closed of 3Q at 3.2 percent same-store sales growth, with increases of 2.5 percent for franchise restaurants and 3.8 percent for company locations.
“Captain D’s has continued to build momentum throughout 2013,” said Phil Greifeld, CEO and president. “We are looking to end 2013 with a strong 4Q and will use the momentum to help roll out new innovations system wide in 1Q of 2014.”
The brand is also said it is experiencing a heightened interest from multi-unit/multi-brand owners looking to diversify their existing restaurant portfolio and the sales growth of the brand has sparked renewed interest in development from its existing franchise base.
“Because our unit economics and overall Captain D’s opportunity is very attractive, we are being sought-after by entrepreneurs looking for a proven, inventive franchise concept,” Greifeld said. “This brand attention, combined with the leadership of our talented executive team, has led to plans to add new franchise restaurants in 2013 and beyond, with the help of new and existing franchise partners.”
