Popeyes Louisiana Kitchen (PLKI) Tops Q4 EPS by 1c

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Popeyes Louisiana Kitchen, Inc. Reports Fiscal 2016 Earnings Results

February 22, 2017 4:30 PM EST

Completes Credit Facility Expansion

ATLANTA--(BUSINESS WIRE)-- Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI), the franchisor and operator of Popeyes® restaurants, today reported results for fiscal 2016 that ended December 25, 2016.

PLKI reported net income of $42.8 million, or $1.98 per diluted share, compared to $44.1 million, or $1.91 per diluted share in 2015. Adjusted earnings per diluted share(1) were $2.12, compared to $1.91 in 2015, representing an increase of 11%, consistent with previous guidance.

We are pleased to report another year of strong performance at Popeyes, said Cheryl Bachelder, Popeyes Chief Executive Officer. Driving the top line through a... More