Focus Brands, the parent company of Auntie Anne’s, Carvel, Cinnabon, Jamba, McAlister’s Deli, Moe’s Southwest Grill, and Schlotzsky’s, closes out a remarkable fiscal year 2022 exceeding $3.9 billion in system-wide sales for the first time in its history. Nearly 650 new franchise deals were signed, 400-plus stores opened, and 4.1 million new loyalty members were added across the portfolio globally. These achievements have set the stage for considerable development and strong performance in fiscal year 2023.
Key to Focus Brands’ growth strategy has been its transformation into a platform company. Finding portfolio-wide synergies and cost savings adds more fuel to the company’s individual brands. In 2023, Focus Brands is prioritizing the ‘Power of the Portfolio,’ harmonizing across brands to create efficiencies, shared resources, menu diversity, and more – in turn, driving long-term results.
Notably, 2022 marked the first full year with the company’s reimaged Focus Brands Supply Chain organization. The company’s multi-million-dollar investment brought the purchasing arm of the supply chain function back in-house, and rationalized hundreds of SKUs across its seven brands. Bringing supply chain in-house allows Focus Brands to fully leverage the power of seven brands across one portfolio to maximize the value chain.
The company also manages one of the top food and beverage licensing programs in the world, with a wide array of CPG and foodservice products drawing from its iconic brands available in all major retailers across the country. In 2022, the Global Channels Licensing Division had nine new launches across multiple brands under the Focus Brands umbrella. Products include two new Cinnabon items available through newly secured foodservice partnerships, five new CPG launches ranging from Cinnabon Cookie Dough to the industry’s first dairy-alternative Oat Milk Ice Cream Cake by Carvel, and two new launches in the eCommerce space including a Jamba x…
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