Popeyes Louisiana Kitchen (PLKI) Posts Q1 EPS of 58c; Boosts FY15 EPS Outlook

Popeyes Louisiana Kitchen (NASDAQ: PLKI) reported Q1 EPS of $0.58, versus the analyst estimate of $0.54. Revenue for the quarter came in at $79.5 million versus the consensus estimate of $81.38 million.

• Global same-store sales increased 7.0% in 2015 compared to a 4.5% increase in 2014 for a two-year compounded growth rate of 11.8%. This positive sales growth reflects Popeyes' continued menu innovation, supported by expanded relevant advertising and strengthened restaurant execution.
• Total domestic same-store sales increased 7.1%, compared to a 4.3% increase last year, for a two-year compounded growth rate of 11.7%. Popeyes' domestic same-store sales have outpaced the chicken-QSR segment for 28 consecutive quarters and overall QSR for 14 consecutive quarters, according to independent data. Popeyes has increased its domestic market share of the chicken-QSR category to 24.6% compared to 22.3% last year.
• International same-store sales increased 6.1%, compared to 5.8% last year, for a two year compounded growth rate of 12.3%.

Popeyes Louisiana Kitchen sees FY2015 EPS of $1.84-$1.89, versus prior guidance of $1.83-$1.88 and the consensus of $1.90.

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

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