This news has been received from: CNBC

All trademarks, copyrights, videos, photos and logos are owned by respective news sources. News stories, videos and live streams are from trusted sources.

VIDEO2:1502:15Restaurant Brands CEO says Popeyes chicken sandwich drove new customersMad Money with Jim Cramer

The Popeyes chicken sandwich craze may be long gone, but the effects of the sandwich launch is still being felt at the cash register, according to the head of the restaurant chain's parent company.

Jose Cil, the CEO of Restaurant Brands, told CNBC's Jim Cramer on Monday that the chicken sandwich brought new repeat customers to Popeyes to try other menu items at the fast-food franchise. The sandwich, which was introduced in August with much fanfare in both the news and social media feeds, is now a "big part of our menu" and integral to the company's international growth strategy.

"The chicken sandwich brought in the regular daily [fast-food customer] for lunch, the single user, and those folks are coming in and they're not just having the chicken sandwich," Cil said in a "Mad Money" interview. "They're now experimenting and exploring the entire menu: desserts and side items and beverages, as well as bone-in chicken and the sandwich, and we're seeing the entire business grow, and it's been fun to watch."

Cil made the comments after Restaurant Brands, which owns Popeyes, Burger King and Tim Hortons, released an update on the company's progress from the coronavirus downturn. The company said it began testing the Popeyes chicken sandwich in Canada and is optimistic about those prospects. In the U.S., same-store sales growth was in the "very high 20s" last week, Restaurant Brands said in the announcement.

Popeyes previously reported U.S. same-store sales were up more than 40% in the third week of May. Most of the restaurants in the U.S. market are open for takeout and delivery, though most dining rooms remain closed, the company said.

"I've been in the business 20 years [and have] never seen anything like it," Cil said, touting results of the popular chicken sandwich nearly a year removed from its launch.

"I've talked to a lot of folks in the industry that haven't seen it either, so we're excited," he said. "We see it as an opportunity to continue to grow, to connect well with our guests, to expand the brand from a unit-count standpoint here in the U.S. and really create a tremendous opportunity for growth for the brand here in the U.S. and internationally."

Shares of Restaurant Brands rose 5% to $55.25 in Monday's session. The stock is down more than 13% year to date.

VIDEO9:1409:14Restaurant Brands on Popeyes, Burger King sales and plant-based trendsMad Money with Jim Cramer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer's world? Hit him up!
Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com

Related Tags
  • Business
  • Investment strategy
  • Jim Cramer
  • Investment strategy
  • Personal investing

News Source: CNBC

General Hospital Weekly Preview: Willow Michael Are Heartbroken While Charlottes Struggling

Next News:

5 Black Owned Wellness Brands To Try For Your Next Self Care Day

Many of us are hard at work, whether we’re working from home,  joining social justice events, and even navigating today’s climate. We must be gentle with ourselves throughout these unsettling times. A self care day can make a world of a difference.

Our homes have become our safe spaces away from the world’s troubles. Spending time indoors doesn’t mean we should neglect our well being. Creating the perfect at-home spa treatment day consists of exfoliating, body care, nail care, and facials. These five Black-owned wellness brands are just what you need for your next self care day.

Pear Nova

Pear Nova is the perfect nail polish to give your nails some attention on your next self care day. The luxury, vegan, cruelty-free nail polish line is sleek, classy, and chic. The nail polish line offers an array of colors, cremes, glitters, shimmers, and sheers that suit every personality and mood.

Spiced Sugah

We can all agree that finding the perfect face mask can be a tough decision, especially when some masks are filled with harsh ingredients. Spiced Sugah offers skin care products that are fresh and essential. The gold mask offers instant glow, evens skin tone, treats hyperpigmentation, moisturizes, gently exfoliates, balances oil sebum, fades dark spots and circles, and treats and controls acne breakouts. Each product is made to order and is frozen for pre shipment to protect the integrity of the mask.

Aba Love Apothecary

Toners are an essential for any self care day. Aba Love Apothecary offers the perfect toning facial mist for your skin to glow. The Petal Toning Facial Mist has organic Bulgarian Rose, Lavender, Immortelle, Chamomile, and Aloe Vera to soothe the most sensitive skin. Aba Love Apothecary only uses essential oils, absolutes, resins, plant and seed oils in their formulations. This is self care designed to lift you up in ways you can both see and feel.

Plant Apothecary

One of the best ways to wind down on a self care day is a nice long shower or hot relaxing bath. Plant Apothecary will brighten up your self care day with their Start Happy Body Wash.  The body wash is enriched with geranium and peppermint, known for their uplifting properties that can enhance the mood and reduce feelings of anxiety, nervousness and sadness. Plus, peppermint is thought to help reduce inflammation. Lather up to boost your mood and enjoy your self care day.

KNC Beauty

When moisturizing your lips with your favorite lip balm is no longer cutting it, it may be time to give your lips some much needed treatment. Add KNC Beauty to your self care day with their Supa Scrub set. The set includes an all natural lip exfoliator with ingredients like sunflower oil, shea butter, and moringa oil, leaving your lips feeling amazingly smooth and flake-free after using.

Scouted selects products independently and prices reflect what was available at the time of publish. Sign up for our newsletter for even more recommendations. Don’t forget to check out our coupon site to find deals from Sephora, CVS, and more. If you buy something from our posts, we may earn a small commission.

Other News

  • Amazon Shoppers Swear These Skinny Koozies Are Just as Good as Expensive Brands — and They’re a Fraction of the Price
  • Zappos Tries Something New: Sell 1 Shoe Instead of 2
  • Zappos tries something new: sell 1 shoe instead of 2
  • 9 places to get chicken on a stick now that Fiesta is canceled
  • Record 5.4 million Americans have lost their health insurance during the pandemic, study finds, amid unprecedented job losses
  • Burger King is selling a burger made from cows on low-methane diet
  • Miss Manners: She thinks Im Chicken Little, but what shes doing endangers us both
  • These are the best laptop brands of 2020
  • Salesforce's Marc Benioff: Face masks can end the U.S. coronavirus crisis within weeks
  • The Best Coolers From Top Brands on Amazon Make for a Solid Summer Investment
  • Target Just Rolled Out a New Badge to Help You Identify Black-Owned or Founded Brands
  • Cramer's earnings watch: 'If the banks get hammered, things could get ugly'
  • Cramers earnings watch: If the banks get hammered, things could get ugly
  • How to Make a DIY Hanging Cabbage to Keep Your Chickens Entertained
  • Don’t ban fast fashion – make firms smarten up their act to end modern slavery
  • FDA List Of Potentially Toxic Hand Sanitizer Brands Grows To Nearly 60
  • FDA Warns Public Of Potentially Toxic Hand Sanitizer Brands
  • Tech CEO resigns after video shows his racist rant towards Asian-American family at California restaurant
  • Primary Voters Use Unprecedented Number of Absentee Ballots