Edible Arrangements Sales Up 11 Percent in First Quarter
Opens 16 New Stores
April 17, 2012 // Franchising.com // WALLINGFORD, CT – Edible Arrangements®, the pioneer and leader in hand-sculpted, fresh-fruit arrangements, announced today that same store sales for the first quarter are up 11 percent over the same quarter last year. The 1,000+ unit chain has now experienced positive comp sales for more than 11 consecutive years.
In addition to its double digit comp sales increases, Edible Arrangements opened 16 new stores in the U.S. and 2 new stores internationally. In addition, Edible Arrangements signed franchise agreements that will result in at least 8 new locations in the U.S including Topeka, KS; Seattle, WA; Buffalo and Westbury, NY; New Bern, NC; Chanilly, VA; and Orange City, FL.
“Our brand continues to experience great growth in a number of domestic markets as well as internationally and we are happy to welcome so many dedicated new franchisees to our system,” said founder and CEO Tariq Farid. “We are especially pleased to see our existing franchisees expanding their enterprises by adding a second, third or even sixth store.”
Edible Arrangements is continuing its aggressive development with strategic expansion plans in targeted growth areas in the U.S. and beyond. With the store openings this quarter Edible Arrangements is expected to meet its development goals for 2012.
About Edible Arrangements
With over 1100 locations open or under development worldwide, Edible Arrangements International, LLC. is the leading purveyor of delicious, high quality, artistically designed, fresh fruit arrangements that are practical and healthy gifts and centerpieces for everyday occasions and events. Brothers Tariq and Kamran Farid developed and launched the company in 1999 in East Haven, CT, after many years in the floral industry. Edible Arrangements stores are located in the United States, Canada, Puerto Rico, Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain, Italy, Turkey, Hong Kong, Jordan, Oman, India and China. The company has been recognized as an industry leader since its inception, including ranking first in its category in Entrepreneur Magazine’s annual “Franchise 500” for the past five years and also placing in Entrepreneur’s top 40 of “Fastest Growing Franchises” and “America’s Top Global Franchises.” Edible Arrangements was the winner of the ICSC’s 2010 Hot Retailer Award and the company has also ranked in Inc. Magazine’s top 5,000 fastest growing privately-held companies for seven consecutive years, ranked ninth on Forbes “2011 Top Franchises to Start for the Money” and was recently named one of Inc’s “10 Promising Franchises for 2011.” Customers may order arrangements by telephone at 1-877-DO-FRUIT, at one of the company’s 1100+ retail stores, or on-line at ediblearrangements.com. More information about Edible Arrangements and Edible Arrangements franchise opportunities is available at 1-888-727-4258 or online at www.eafranchise.com.
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