Heard on the call: Popeyes parent plans more promos after LTOs drove strong 1Q earnings
AFC Enterprises Inc., parent of the Popeyes quick-service chain, credited successful promotions for helping it bounce back in the first quarter from sluggish sales last year. The Atlanta-based company also cited lower interest expense as it reported Wednesday a 24-percent jump in net income for the April 17-ended quarter. AFC earned $7.2 million, or 28 cents per share, in the period, compared with year-ago profit of $5.8 million, or 23 cents per share. Revenue rose 6.8 percent, to $46.8 ...
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Contact: Desiree Torres Desiree.Torres@penton.com