2026 FDD Item 19, p. 90

Popeyes Franchise Revenue (2026 FDD)

Published by TrueFranchiseCost Updated Oct 29, 2026 Source: Popeyes 2026 FDD (Item 19)

In Item 19 of its 2026 Franchise Disclosure Document, Popeyes reports arithmetic Average Sales - Franchised Free-Standing Restaurants of $1,893,675 (January 1, 2025 to December 31, 2025, 2,248 U.S. franchised free-standing restaurants continuously operated throughout the twelve-month period ended December 31, 2025; excludes U.S. territories and restaurants without full-period operation). The figures below are selected disclosures, not a substitute for reading the full Item 19.

Startup cost: a Popeyes franchise costs an estimated $1,222,045 – $3,923,245 to open (Item 7). See the full Popeyes franchise cost breakdown.

Does Popeyes’s Item 19 show profit or owner pay?

No. Popeyes’s Item 19 reports sales but no profit, costs or owner pay. Rent, payroll, supplies, loan payments and Item 6 fees come out of sales before an owner is paid, so these figures cannot show what an owner earns.

What Popeyes discloses (Item 19)

Source: Popeyes 2026 FDD, Item 19, PDF p. 90.

Popeyes Item 19 Disclosed Financial Performance Representations (2026 FDD)
Figure	Value	Period	Based on
Arithmetic Average Sales - Franchised Free-Standing Restaurants	$1,893,675	January 1, 2025 to December 31, 2025	2,248 U.S. franchised free-standing restaurants continuously operated throughout the twelve-month period ended December 31, 2025; excludes U.S. territories and restaurants without full-period operation (Item 19, PDF p. 90)
Median Sales - Franchised Free-Standing Restaurants	$1,785,736	January 1, 2025 to December 31, 2025	2,248 U.S. franchised free-standing restaurants continuously operated throughout the twelve-month period ended December 31, 2025; excludes U.S. territories and restaurants without full-period operation (Item 19, PDF p. 90)
High Sales - Franchised Free-Standing Restaurants	$5,931,837	January 1, 2025 to December 31, 2025	2,248 U.S. franchised free-standing restaurants continuously operated throughout the twelve-month period ended December 31, 2025; excludes U.S. territories and restaurants without full-period operation (Item 19, PDF p. 90)
Low Sales - Franchised Free-Standing Restaurants	$492,576	January 1, 2025 to December 31, 2025	2,248 U.S. franchised free-standing restaurants continuously operated throughout the twelve-month period ended December 31, 2025; excludes U.S. territories and restaurants without full-period operation (Item 19, PDF p. 90)

Item 19 sample and definitions

These are selected Table I sales measures for franchised free-standing restaurants, not the company-owned or consolidated columns. The FDD lists 2,309 such franchised restaurants at year-end, excluding 39 permanently closed restaurants, and removes another 61 from the sales table for lack of continuous operation; 52 of those had temporarily closed. It reports 980 restaurants (43.6%) meeting or exceeding the arithmetic average. Tables II and III report other formats and are not represented by this free-standing average. Notes on PDF pages 102-103 define sales as reported restaurant sales excluding refunds and sales taxes; franchisee royalty and income-statement reports were not audited. A restaurant open fewer than fifteen days in any month, without permanent closure, is treated as temporarily closed. Tables IV and V separately disclose selected expense and EBITDA results for a different sample of 2,435 franchised free-standing and in-line restaurants, excluding 383 for incomplete reports or incomplete operating periods. Those EBITDA tables are not included in these sales metrics. EBITDA means earnings before interest, taxes, depreciation and amortization and is not owner take-home pay; the FDD's expense definitions also exclude an owner's draw. No profit or owner income is computed here.

How to interpret Popeyes’s Item 19 figures and sample limits · What Item 19 does and does not show about owner pay.

A source check placed this record on review hold. Automatic fee estimates are withheld until the outstanding issues are resolved. Reported sales are not owner income.

Scope of these figures: The selected Popeyes disclosures above retain their recorded periods and samples. The lead figure covers 2,248 U.S. franchised free-standing restaurants continuously operated throughout the twelve-month period ended December 31, 2025; excludes U.S. territories and restaurants without full-period operation. They do not establish take-home owner income or the results of a new outlet. Read the linked Item 19 for the franchisor's definitions and exclusions.

Full Popeyes franchise cost breakdown · Payback calculator (enter your own assumptions)

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FDD sources & calculation methodology

Startup costs, fee terms and outlet figures are recorded from linked FDDs. Source checks and provisional publication status are described on each brand page.

Editorial Principles & Methodology → Report a Discrepancy

Sources

Source review hold — October 28, 2026. Unresolved differences are listed below.

A targeted recheck of the recorded Popeyes 2026 FDD confirms conflicting MTRA deposit-credit timing in Item 5. PDF p. 25 says $25,000 of the deposit is applied toward the initial franchise fee when each Franchise Agreement is signed; PDF p. 27 says that credit is applied upon restaurant opening. The Item 5 notes retain both statements, and no timing is assumed in a fee model. The Wisconsin registration record lists the March 20, 2026 filing without a later amendment in that record; a complete check of every FDD figure is still pending. The original provisional publication has not completed independent FDD verification. An authoritative clarification and a complete source check are needed before this record can be cleared.

Popeyes Louisiana Kitchen, Inc. Franchise Disclosure Document, issued March 20, 2026, as filed with the Minnesota Commerce (CARDS). Read the source FDD PDF. How to get this FDD yourself.

Page references for Popeyes use the PDF viewer's digital page count, not printed page headers. Some viewers download the document instead of opening the referenced page.

If the state document viewer does not open, use Minnesota Commerce's public filing instructions to look up the filing by franchisor name and document date.

Document & verification changelog

October 29, 2026: Record updated.
October 28, 2026: Source review hold recorded. Unresolved corrections are listed in this source section.
October 9, 2026: Provisional publication approved per owner directive: Owner-directed provisional publication before independent source verification was complete.
October 9, 2026: Initial cost profile published from the 2026 Franchise Disclosure Document (issued March 20, 2026).