News
Popeyes 3Q comps down
November 14, 2007
ATLANTA — Domestic same-store sales at AFC Enterprises Inc., franchisor and operator of Popeyes Chicken &Biscuits, decreased 1.9 percent in the third quarter ended Oct. 7, 2007, compared to an increase of 0.2 percent last year. Global same-store sales decreased 1.7 percent, compared to flat results for the third quarter of last year.
Revenues for the quarter were $38.9 million, a $2.9 million increase over the third quarter of 2006. The increase was composed of approximately $2.8 million from the reopening of company-operated restaurants in New Orleans, $1 million from new openings of company-operated restaurants in Atlanta and a $1 million increase in franchise revenue, primarily driven by sales from new franchised restaurants.
Net income fro the quarter was $6.5 million, compared to net income of $5.9 million for the same period last year.
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