Popeyes Louisiana Kitchen (PLKI) Reports In-Line Q2 EPS, Reaffirms Guidance

Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI) reported Q2 EPS of $0.39, in-line with the analyst estimate of $0.39. Revenue for the quarter came in at $53.7 million versus the consensus estimate of $54.8 million.

Popeyes Louisiana Kitchen, Inc. reaffirmed FY2014 guidance as follows:g

• Same-store sales growth of 3.0% to 4.0%.
• Adjusted earnings per diluted share in the range of $1.58 to $1.63.
• New restaurant openings of 180 to 200, with net restaurant openings of 100 to 130, for a system growth rate of approximately 5%. During 2014, the Company expects to open 10 to 15 new company-operated restaurants.
• General and administrative expenses of approximately 3.0% of system-wide sales.
• An effective income tax rate of approximately 38%.
• Capital expenditures for the year of $30 to $35 million.
• Share repurchases of $20 to $30 million.

For earnings history and earnings-related data on Popeyes Louisiana Kitchen, Inc. (PLKI) click here.

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