The investment in the new restaurat neared EUR1 million and represents the third opening for Sphera in 2024, after the units inaugurated in February and April in the towns of Sibiu and Pitesti.
“As of 01.06.2024, Sphera Franchise Group operates 170 restaurants: 105 KFC restaurants in Romania, 2 in Moldova and 18 in Italy, as well as 29 Pizza Hut restaurants, 15 Taco Bell restaurants, and one PHD subfranchise”, the report reads.
Sphera registered record sales of RON1.5 billion in 2023, up 11% on the year, and net profit of nearly RON80 million, up 80% on the year.
SFG shares have gained 33.4% so far in 2024 and 89% in the last 12 months, triggering a market capitalization of RON1.33 billion.