Smoothie King Reports 18% Same-Store Sales Growth During Q1
Opening 32 Stores and Receiving Signed Agreements for 71 Future Stores
After closing out the second half of last year with 12.2% sales growth, Smoothie King announced yesterday it continued its impressive pace during the first quarter of 2021. The world leader in healthy smoothies experienced a record-breaking 18% same-store sales increase year-over-year for the first quarter, received 24 signed franchise agreements to develop 71 stores and welcomed nine franchisees into the system.
Additionally, Smoothie King opened 32 total locations in Q1. Fourteen of those newly-opened stores were inside the United States, while another 18 opened internationally. A few markets Smoothie King has already expanded further into this year include Philadelphia, Cleveland, Phoenix and St. Louis.
Following the outstanding return this past quarter, Smoothie King now boasts 1,319 total stores worldwide.
"As this past quarter demonstrated, our purpose-driven mission of inspiring people to live healthy and active lifestyles continues to translate into success on the franchise development side of the business," said Wan Kim, CEO of Smoothie King. "Coming off 2020, despite everything that happened, we still opened a record number of stores and achieved our ninth-straight year of same-store sales growth. We are very pleased to see this momentum has carried over into 2021 so far, and we look forward to growing even more this year with current and new franchisees."
