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AFC Enterprises 3Q profit jumps 30%AFC Enterprises 3Q profit jumps 30%

Chicken Waffle Tenders promotion boosts same-store sales

Lisa Jennings, Executive Editor

November 13, 2013

1 Min Read
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AFC Enterprises Inc., parent to the quick-service Popeyes chain, reported Wednesday a 30-percent increase in net income during the third quarter ended Oct. 6, saying back-to-back promotions of its Chicken Waffle Tenders and its signature bone-in chicken during the quarter helped drive a global same-store sales increase of 5.1 percent.

The Atlanta-based company opened 33 net units, ending the quarter with 2,187 restaurants in the U.S. and its territories, as well as 27 foreign countries.
 

NET INCOME

Result: $9 million, or 37 cents per share
% Increase: 30% (from $6.9 million, or 29 cents per share)

REVENUE

Result: $49.3 million
% Increase: 27% (from $38.9 million)

SAME-STORE SALES

% Increase at systemwide domestic units: 5.1%


% Increase at systemwide international units: 5.1%


% Increase at company-owned units: 4.8%

Source: Company report



RELATED:
Popeyes 2Q U.S. same-store sales rise 4.3%
Popeyes: Efforts to build consumer demand working
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Contact Lisa Jennings at [email protected].
Follow her on Twitter: @livetodineout

About the Author

Lisa Jennings

Executive Editor, Nation's Restaurant News and Restaurant Hospitality

Lisa Jennings is executive editor of Nation’s Restaurant News and Restaurant Hospitality. She joined the NRN staff as West Coast editor in 2004 as a veteran journalist. Before joining NRN, she spent 11 years at The Commercial Appeal, the daily newspaper in Memphis, Tenn., most recently as editor of the Food and Health & Wellness sections. Prior experience includes staff reporting for the Washington Business Journal and United Press International.

Lisa’s areas of expertise include coverage of both large public restaurant chains and small independents, the regulatory and legal landscapes impacting the industry overall, as well as helping operators find solutions to run their business better.

Lisa Jennings’ experience:

Executive editor, NRN (March 2020 to present)

Executive editor, Restaurant Hospitality (January 2018 to present)

Senior editor, NRN (September 2004 to March 2020)

Reporter/editor, The Commercial Appeal (1990-2001)

Reporter, Washington Business Journal (1985-1987)

Contact Lisa Jennings at:

[email protected]

@livetodineout

https://www.linkedin.com/in/lisa-jennings-83202510/

 

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