ATLANTA AFC Enterprises Inc. reported a jump in fourth-quarter profit on cost cutting and improved sales at its Popeyes chicken chain. The company posted net income of $4.0 million, or 16 cents per share, for the Dec. 27-ended fourth quarter, compared with profit of $2.4 million, or 10 cents per share, in the same quarter a year ago. Revenue for the quarter fell 9.5 percent to $32.5 million from $35.9 million last year. Domestic systemwide same-store sales declined 1.0 percent, compared with ...
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Contact: Desiree Torres Desiree.Torres@penton.com