Popeyes Louisiana Kitchen (PLKI) Tops Q3 EPS by 6c
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Popeyes Louisiana Kitchen (NASDAQ: PLKI) reported Q3 EPS of $0.59, $0.06 better than the analyst estimate of $0.53. Revenue for the quarter came in at $64 million versus the consensus estimate of $64.92 million.
- global same store sales of 1.8%,
GUIDANCE:
Popeyes Louisiana Kitchen sees FY2016 EPS of $2.10-$2.15, versus the consensus of $2.09.
See the below table for current guidance:
Prior Guidance | Current Guidance | |||||||
Full Year 2016 | (08/16/2016) | (11/09/2016) | ||||||
Reported Diluted EPS - GAAP | $2.10 to $2.15 | $2.00 to $2.05 | ||||||
Adjusted Diluted EPS - Non-GAAP | $2.10 to $2.15 | Lower end of range of $2.10 to $2.15 | ||||||
Same store sales growth | 1.0% to 2.0% | 1.0% to 2.0% | ||||||
New global restaurant openings | 200 to 235 | 200 to 235 | ||||||
International openings | 85 to 100 | 85 to 100 | ||||||
Company-operated restaurant openings | 2 | 2 | ||||||
Net new global restaurant openings | 140 to 185; net new unit growth of approximately 6% to 7% | 140 to 185; net new unit growth of approximately 6% to 7% | ||||||
General and administrative expenses | 2.9% to 3.0% of system-wide sales | $90 to 92 million; approximately 2.8% of system-wide sales | ||||||
Capital expenditures | $10 to $15 million | $15 to $17 million | ||||||
Share repurchases | $80 to $120 million | approximately $100 million | ||||||
Effective income tax rate | approximately 38% | approximately 38% |
For earnings history and earnings-related data on Popeyes Louisiana Kitchen (PLKI) click here.
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