Finland-based pizza restaurant chain Kotipizza has reported net sales of €24.3m for the second quarter 2018, representing a 15.1% growth.
Chain-based net sales were reported at €31.6m for the second quarter of 2018, a 16.2% increase compared to the same period last year.
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The company reported €25.1m in the sales of its brick-and-mortar restaurants, a 15.7% increase compared to €21.70m during the same period last year.
Shop-in-shop restaurant sales of the pizza chain were €5.35m, an 11% increase from last year.
The company also posted a 59.3% increase in online store sales to €2.89m, compared to €1.81m during the same period last year.
Kotipizza Group CEO Tommi Tervanen said: “In the second quarter, the chain-based net sales of Kotipizza restaurants grew by 16.2% (16.4%) compared to the same period in the previous year and was €31.6m.
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By GlobalData“Following Kotipizza Group’s new strategy and ‘Road to 2020’ roadmap, approved in the first quarter of the financial year, the group’s strategy is to manage a portfolio of brands.
“This means that the company will develop and operate various restaurant concepts and markets, building on the fast casual phenomenon, franchising business model and high-quality customer experience.
“Key mega trends influencing the company’s operations include urbanisation, digitalisation and the rising popularity of home delivery.”
Established in 1987, Kotipizza is owned and operated by Kotipizza Group, which also owns Chalupa and Social Burger Joint restaurant chains.
The total sales of the Chalupa restaurant chain increased by 25.5% in the second quarter to €575,000, compared to €458,000 for the same month of last year.
The group’s Social Burger Joint restaurant reported a 114.5% increase in total sales in the second quarter, also compared to the same month last year.
