Popeyes Louisiana Kitchen Inc.’s fourth-quarter net income fell 18.6 percent in the fourth quarter ended Dec. 29. Net income for fiscal 2013 rose 12.2 percent, to $34.1 million.
The quick-service operator and franchisor opened 194 restaurants over the course of the year: 124 domestic units and 70 international locations, compared with 141 restaurant openings in fiscal 2013. The company opened 126 net units, compared with 66 net locations the previous year.
4Q NET INCOME
Result: $7 million, or 30 cents per share% Decrease: 18.6% (from $8.6 million, or 36 cents per share)
4Q REVENUE
Result: $48.4 million% Increase: 1.9% (from $47.5 million)
4Q SAME-STORE SALES
% Increase at systemwide domestic units: 0.3%
% Decrease at company-operated units: 0.9%
% Increase at international units: 4.2%
Source: Company report
FULL YEAR NET INCOME
Result: $34.1 million, or $1.43 per share% Increase: 12.2% (from $30.4 million, or $1.24 per share)
FULL YEAR REVENUE
Result: $206 million% Increase: 15% (from $178.8 million)
FULL YEAR SAME-STORE SALES
% Increase at systemwide domestic units: 3.7%
% Increase at company-operated units: 2.3%
% Increase at international units: 4.7%
Source: Company report
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Contact Bret Thorn at [email protected].
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