AFC Enterprises (AFCE) Issues Mid-Quarter Sales Update
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Price: $40.18 --0%
Financial Fact:
General and administrative expenses: 18.4M
Today's EPS Names:
ATS, HONA, SI, More
Financial Fact:
General and administrative expenses: 18.4M
Today's EPS Names:
ATS, HONA, SI, More
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AFC Enterprises, Inc. (Nasdaq: AFCE), the franchisor and operator of Popeyes Chicken & Biscuits, reported operational results for its financial period 8 which ended August 6, 2006 and period 9 which ended September 3, 2006.
Popeyes reported total domestic same-store sales increased 0.8% in period 8 and 1.9% in period 9 of 2006, compared to increases of 0.9% and 1.1% for period 8 and period 9 of 2005, respectively. These results represented positive same-store sales for the twenty-eighth and twenty-ninth consecutive periods. Year-to-date, Popeyes total domestic same-stores sales growth was up 3.7%.
On a full-year basis, the Company continues to expect total domestic same- store sales growth to remain consistent with previous guidance of up 2.0-3.0%.
Popeyes reported total domestic same-store sales increased 0.8% in period 8 and 1.9% in period 9 of 2006, compared to increases of 0.9% and 1.1% for period 8 and period 9 of 2005, respectively. These results represented positive same-store sales for the twenty-eighth and twenty-ninth consecutive periods. Year-to-date, Popeyes total domestic same-stores sales growth was up 3.7%.
On a full-year basis, the Company continues to expect total domestic same- store sales growth to remain consistent with previous guidance of up 2.0-3.0%.
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