Popeyes Louisiana Kitchen (PLKI) Tops Q3 EPS by 6c

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November 9, 2016 4:24 PM EST

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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