Grupo Nutresa, which purchased PJ Col S.A.S. in 2015 (PJ Col), recently entered into a development agreement to open an additional 28 units during a period of eight years in Medellin, Cartagena and Barranquilla. PJ Col currently operates 29 Papa Johns restaurants throughout Colombia.
On Friday, September 23rd, Taco Bell entered the Brazilian marketplace alongside Sforza Holding, founded by Carlos Wizard Martins. Sforza acts as a private investment company focusing on high growth potential businesses, and operates in the retail segment with Mundo Verde, the largest retail brand specialized in natural products in Latin America.
Consolidated revenues increased 2.9% to $775.7 million versus the third quarter of 2015
As reported consolidated revenues were $687.3 million, a 9.4% decline versus the second quarter of 2015. On a constant currency basis1, consolidated revenues grew 10.1%, or 7.9% excluding Venezuela. Systemwide comparable sales increased by 9.5% year-over-year.