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 ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.

 

Attention Print Subscribers:  While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!

Already registered? here.