News

Popeyes preliminary FY2014 results positive

Preliminary results for Popeyes Louisiana Kitchen, Inc. show the chicken brand posted same-store sales growth of 6.2 percent for the year and added 148 restaurants in 2014.

January 14, 2015

Preliminary results for Popeyes Louisiana Kitchen, Inc. show the chicken brand posted same-store sales growth of 6.2 percent for the year and added 148 restaurants in 2014.

"The consistent execution against our strategies delivered exciting results in 2014. Our combination of menu innovation, media and messaging resulted in impressive global same-store sales growth of 6.2 percent for 2014," said CEO Cheryl Bachelder in a company press release. "We also continued expansion of our global footprint with the opening of 201 new Popeyes' restaurants, a new milestone for the Popeyes system. Our restaurant teams, franchisee owners and support center employees continue to serve our shareholders with strong, sustainable performance."

Global same-store sales increased 9.8 percent in the fourth quarter, rolling over a 0.8 percent increase last year. For the full year, global same-store sales increased 6.2 percent. Two-year global same-store sales growth was 9.9 percent.

During the fourth quarter, the Popeyes' system opened 50 domestic and 28 international restaurants, bringing full year 2014 openings to 201 restaurants, compared to 194 restaurants last year. Included in 2013 openings were the conversions of 24 restaurants acquired in Minnesota and California in 2012. The Popeyes system permanently closed 53 restaurants in fiscal 2014, resulting in net unit growth of 148 restaurants, compared to 126 net restaurants in 2013.