Jefferies Reiterates Buy on Popeyes Louisiana Kitchen (PLKI) Following 2Q - PT to $63
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Popeyes Louisiana Kitchen, Inc. Reports Results for Second Quarter 2016
August 16, 2016 4:05 PM EDTReaffirms Full Year Earnings Guidance
ATLANTA--(BUSINESS WIRE)-- Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI), the franchisor and operator of Popeyes® restaurants, today reported results for its fiscal second quarter of 2016, which ended July 10, 2016. The Company also reaffirmed earnings guidance for fiscal 2016.
The second quarter was a productive one for Popeyes on each of our three strategic pillars, despite the competitive pressures on comparable sales, said Cheryl Bachelder, Popeyes Chief Executive Officer. We have continued to offer our guests a balance of exciting new products and value-oriented promotions, and our share of... More
