Popeyes posts worst quarter in 20 years as Q1 same-store sales crater 6.5%
New president Peter Perdue is racing to stem the bleeding with a simplified core-chicken menu and a $5 Faves value play. Systemwide sales fell 3.9% as competition from a 46% surge in chicken-chain units bites. RBI guides positive comps by H2 2026.
Popeyes posted worst quarter in 20 years with same-store sales down 6.5% in Q1 2026. New president Peter Perdue leads turnaround focused on operations, menu simplification to core chicken items, and value via $5 Faves Menu. Positive comps expected H2 2026.