Popeyes Louisiana Kitchen (PLKI) Reports In-Line Q2 EPS, Raises FY EPS Guidance by 1c

Popeyes Louisiana Kitchen (NASDAQ: PLKI) reported Q2 EPS of $0.44, in-line with the analyst estimate of $0.44. Revenue for the quarter came in at $59.4 million versus the consensus estimate of $62.86 million.

Total domestic same-store sales increased 7.9%, compared to a 3.8% increase last year, for a two-year compounded growth rate of 12.0%.

Popeyes Louisiana Kitchen sees FY2015 EPS of $1.85-$1.90, versus prior guidance of $1.84-$1.89 and the consensus of $1.91.

• Same-store sales growth in the range of 4.5% to 5.5%, an increase from previous guidance at the upper end of the range of 3.5% to 4.5%.
• Share repurchases of approximately $50 to $60 million, compared to previous guidance of $40 to $50 million.

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

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