The sales performance was primarily supported by the return to growth of the Group’s core business in Romania.
In Romania, sales in Q1 2026 reached RON 326.1 million, marking a 4.8% YoY increase and confirming the recovery of the Group’s largest and most important market. Italy contributed RON 45.6 million, reflecting a 2.0% YoY increase, supported by the stable performance of the restaurant network. The Republic of Moldova generated RON 6.2 million within the quarter, reflecting an 8.0% YoY decrease, following mandatory relocation of KFC Chisinau MallDova in March 2026. Consequently, in Q1 2026, Romania accounted for 86.3% of total sales, Italy for 12.1%, and the Republic of Moldova for 1.6%.
By brand, KFC sales increased by 4.2% in Q1 2026 compared to Q1 2025, generating RON 324.3 million, supported by the positive evolution of the Romanian market, which remains the key driver of the Group’s performance due to the scale of the brand within the portfolio. Pizza Hut contributed RON 26.3 million to the total Q1 turnover, reflecting a 3.2% YoY decrease, in line with the Group’s continued focus on network reorganization. Taco Bell reported a strong 12.2% YoY growth, reaching RON 27.1 million in revenues in Q1 2026, reflecting the contribution from restaurants opened during 2025, as well as the continued appeal of the brand among younger consumers. Cioccolatitaliani contributed RON 0.3 million in Q1 2026, following the launch of the first location in Italy during 2025.
Restaurant expenses increased by 5.2% YoY in Q1 2026, slightly above the pace of sales growth, reflecting continued inflationary pressures and increased investments in brand development.
The group operates 182 restaurants in Romania, the Republic of Moldova and Italy.
Its shares have lost 6% in the past year, amid RON1.4 billion capitalization.
(English version by Catalina Apostoiu)