Popeyes Louisiana Kitchen (NASDAQ: PLKI) reported Q2 EPS of $0.47, in-line with the analyst estimate of $0.47. Revenue for the quarter came in at $61.7 million versus the consensus estimate of $63.39 million.

Total domestic same-store sales were flat, compared to a 7.9% increase in the second quarter of 2015

Fiscal 2016 Guidance:

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• Based on performance through the second quarter, the Company is making the following adjustments to guidance for the full-year fiscal 2016:
• System-wide same-store sales growth in the range of 1.0% to 2.0%, a decrease from previous guidance in the range of 2.0% to 3.0%.
• Two new Company-operated restaurant openings, a decrease from previous guidance of three to five.

In addition, the Company reiterates the following guidance for full year fiscal 2016:

• New restaurant openings in the range of 200 to 235, including approximately 85 to 100 internationally.
• Net new restaurant openings in the range of 140 to 185, for a net new unit growth rate of approximately 6% to 7%.
• General and administrative expenses to be approximately 2.9% to 3.0% of system-wide sales, maintaining an investment rate that supports long-term growth.
• Capital expenditures to be in the range of $10 million to $15 million, including approximately $10 million for new Company-operated restaurants and other capital improvements at existing restaurants.
• Earnings per diluted share and adjusted earnings per diluted share to be in the range of $2.10 to $2.15.
• Share repurchases of $80 million to $120 million in outstanding shares, compared to $62 million in 2015, with $60 million purchased from operating cash flows and up to $60 million from additional borrowings.
• Effective income tax rate in 2016 to be approximately 38%.

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