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Popeyes Louisiana Kitchen, Inc. reports 3.6 % Q2 same-store sales increase, announces hire of CFO

Popeyes Louisiana Kitchen, Inc. reports global same-store sales increase of 3.6 percent, with international sales increasing 2.2 percent and domestic sales increasing 3.8 percent.

August 22, 2014

Popeyes Louisiana Kitchen, Inc. reports that a Q2 global same-store sales increase of 3.6 percent, with international sales increasing 2.2 percent and domestic sales increasing 3.8 percent. The company also announced the appointment of a new CFO.

"We have outperformed the Chicken QSE category for 25 consecutive quarters and have outpaced the broader QSR category for the last 11 quarters. Our same-store sales growth in the second quarter exceeded the overall QSR industry by 3.2 percentage points for the comparable period according to NPD Sales Track Weekly data," said CEO Cheryl Bachelder in an earnings call. "Popeyes' strong second quarter demonstrates our focused execution of our strategic roadmap. We have consistently delivered excellent results quarter after quarter for the past six years. The sustainability of our performance is a reflection of our principles, priorities and processes. As we look ahead, we are excited about this new era for Popeyes – an innovative menu, beautifully remodeled restaurants, an expanding global footprint, and a renewed focus on our employees and guests."

Popeyes also opened a net of 21 new units, compared with 28 net restaurant openings last year.

New CFO announced

Bachelder also announced that William P. Matt will be joining the Popeyes executive team as chief financial officer effectively immediately.

"The addition of Will as our new CFO brings a strong complement to our leadership team as we execute our strategic roadmap for growth around the globe," said Bachelder in a company press release. "Will's broad, relevant experience in leading growth at evolving brands will be instrumental in Popeyes' continued success. Spanning beyond finance to real-estate, technology and operations, Will's experience collaborating in cross-discipline teams makes him a strong cultural fit for Popeyes, and we are pleased to have him join our Company."

Matt previously served as COO of La Senza Global, an arm of L Brands Inc., based in Columbus, Ohio. He also served as CFO of Victoria Secret Direct while at L Brands, Inc. Prior to his 14 years with L Brands, Matt spent nine years at PepsiCo/KFC.