Popeyes Louisiana Kitchen, Inc. host fiscal year 2016 conference call on February 23, 2017

ATLANTA, 2017-Feb-09 — /EPR Retail News/ — Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI), the franchisor and operator of Popeyes® restaurants, today (Feb 8, 2017) announced that its Annual Report on Form 10-K for its fiscal year 2016, which ended December 25, 2016, will be filed on Wednesday, February 22, 2017, after market close. The Company will host a conference call on Thursday, February 23, 2017, at 9:00 a.m. Eastern Time to review results and provide guidance for fiscal 2017.

A live listen-only webcast of the conference call will be available on the PLKI website at www.popeyes.com/investors. The conference call can also be accessed live over the phone by dialing (855) 427-4392 or for international callers by dialing (484) 756-4257. A replay will be available after the call and can be accessed by dialing (855) 859-2056 or (404) 537-3406; the conference ID is 59630624. The replay will be available until Thursday, March 9, 2017. A replay of the conference call will also be available for 90 days on the Company’s website.

Corporate Profile

Popeyes Louisiana Kitchen, Inc. is the franchisor and operator of Popeyes® restaurants, the world’s second-largest Quick-Service Restaurant (“QSR”) chicken concept based on number of units. As of December 25, 2016, Popeyes had 2,688 operating restaurants in the United States, three territories, and 25 foreign countries. The Company’s primary objective is to deliver sales and profits by offering excellent investment opportunities in its Popeyes brand and providing exceptional franchisee support systems and services to its owners. Popeyes Louisiana Kitchen, Inc. can be found at www.popeyes.com.

Investor Inquiries:
Anita Booe
404-459-4665
Director, Investor Relations
Anita.Booe@popeyes.com

Media Inquiries:
Renee Kopkowski
404-459-4630
Vice President, Brand Communications
renee.kopkowski@popeyes.com

Source: Popeyes Louisiana Kitchen, Inc.

Popeyes Louisiana Kitchen, Inc. to present at the 19th Annual ICR Conference in Orlando on January 11, 2017

ATLANTA, 2017-Jan-05 — /EPR Retail News/ — Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI), announced today (Jan 3, 2017) that the Company will present at the 19th Annual ICR Conference in Orlando on Wednesday, January 11, 2017 at 11:00 A.M. ET.

All interested parties are invited to listen to this live presentation by visiting the investor section of the Company’s website at www.popeyes.com/investors. A replay of this webcast will be available on the site for 90 days following the conclusion of the conference.

Corporate Profile

Popeyes Louisiana Kitchen, Inc. is the franchisor and operator of Popeyes® restaurants, the world’s second-largest Quick-Service Restaurant (“QSR”) chicken concept based on number of units. As of October 2, 2016, Popeyes had 2,631 operating restaurants in the United States, the District of Columbia, three territories, and 26 foreign countries. The Company’s primary objective is to deliver sales and profits by offering excellent investment opportunities in its Popeyes brand and providing exceptional franchisee support systems and services to its owners. Popeyes Louisiana Kitchen, Inc. can be found at www.popeyes.com.

Investor Inquiries:
Anita Booe
404-459-4665
Investor Relations
Anita.Booe@popeyes.com

Media Inquiries:
Renee Kopkowski
404-459-4630
Vice President, Brand Communications
renee.kopkowski@popeyes.com

Source: Popeyes Louisiana Kitchen, Inc.

Popeyes Louisiana Kitchen, Inc. announces 3Q FY2016 financial results

ATLANTA, 2016-Nov-10 — /EPR Retail News/ — Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI), the franchisor and operator of Popeyes® restaurants, today (November 9, 2016) reported results for its fiscal third quarter of 2016, which ended October 2, 2016. The Company also reaffirmed same-store sales guidance and updated earnings guidance for fiscal 2016.

“We are pleased to report strong progress for the quarter” said Cheryl Bachelder, Popeyes Chief Executive Officer. “We generated global same store sales of 1.8%, opened 25 net new global restaurants and announced the refranchising of the Indianapolis company-operated market. We continue to expand our brand which has led to the achievement of another record high market share of 26.9%. We are firmly on the path of achieving our long term bold growth goals and we are creating value for our franchisees and shareholders.”

Third Quarter 2016 Highlights

  • Total revenues increased 4.7% to $64.0 million, compared to $61.1 million in the third quarter of 2015. The $2.9 million increase in revenues was primarily due to a $2.6 million increase in franchise royalties, a $0.7 million increase in sales by Company-operated restaurants partially offset by a $0.4 million decrease in franchise fees. The increase in franchise royalties was driven by net unit growth and positive same store sales.
  • Reported net income was $10.4 million, or $0.49 per diluted share, compared to $10.6 million, or $0.46 per diluted share in the third quarter of 2015. Reported net income includes $3.7 million of asset impairment expenses related to Company-operated restaurants and restaurants leased to franchisees. Excluding the impacts of the asset impairments and other non-operating items, adjusted earnings per diluted share(1) was $0.59 in the third quarter of 2016 compared to $0.47 in the third quarter of 2015, representing an increase of 25.5%.
  • Total system-wide sales increased by 8.3% in the third quarter of 2016 compared to the same period last year as a result of net new unit growth and positive same-store sales performance.
  • Global same-store sales increased 1.8% in the third quarter of 2016 compared to a 6.0% increase in the third quarter of 2015, marking the 26th quarter of positive global same-store sales.
  • Total domestic same-store sales increased 1.5%, compared to a 5.6% increase in the third quarter of 2015. Popeyes increased its domestic market share of the chicken-QSR category to a record high 26.9%, compared to 26.0% in the third quarter of 2015.
  • International same-store sales increased 3.7%, compared to a 9.1% increase in the third quarter of 2015, marking the 27th consecutive quarter of positive international same-store sales growth.
  • The Popeyes system opened 40 restaurants, which included 24 domestic and 16 international restaurants, compared to 47 total openings in the same period of last year. Net new restaurant openings were 25, compared to 39 net new restaurant openings in the same period last year.
  • As of the end of the third quarter, the Company operated and franchised 2,631 restaurants, compared to 2,475 at the end of the third quarter in 2015, representing net new unit growth of 6.3% over the last twelve months.
  • Sales by Company-operated restaurants were $26.1 million in the third quarter compared to $25.4 million in the same period last year. Company-operated restaurant operating profit(1) was $5.0 million, or 19.2% of sales, compared to $4.9 million, or 19.3% of sales, in the same period last year. The increase in Company-operated restaurant operating profit was primarily due to higher sales and lower chicken and grocery basket costs partially offset by higher labor costs.
  • Operating EBITDA(1) was $23.8 million, or 37.2% of total revenue, in the third quarter of 2016, compared to $20.3 million, or 33.2% of total revenue, in the same period last year. The $3.5 million increase in Operating EBITDA was primarily due to a $2.2 million increase in franchise royalties and fees, a $1.2 million decrease in general and administrative expenses, and a $0.1 million increase in Company-operated restaurant operating profit.
  • Through the first 40 weeks of fiscal 2016, free cash flow(1) was $43.0 million, compared to $37.0 million in the same period of 2015, a 16.2% increase.
  • The Company repurchased 537,957 shares of its common stock for $30.0 million in the third quarter.

(1) Adjusted earnings per diluted share, operating EBITDA, Company-operated restaurant operating profit, and free cash flow are supplemental non-GAAP measures of performance. See the heading entitled “Management’s Use of Non-GAAP Financial Measures.”

Fiscal 2016 Guidance:

Based on performance through the third quarter, the Company is making the following adjustments to guidance for the full-year fiscal 2016:

  • Reported earnings per diluted share in the range of $2.00 to $2.05, compared to the previous guidance of $2.10 to $2.15. Excluding the impacts of asset impairments and other non-operating items, the Company maintains its adjusted earnings per diluted share range of $2.10 to $2.15, and now guides to the lower end of the adjusted earnings per share range.
  • General and administrative expenses in the range of $90 million to $92 million, approximately 2.8% of system-wide sales, compared to a previous range of 2.9% to 3.0% of system-wide sales.
  • Capital expenditures to be in the range of $15 million to $17 million from a previous range of $10 million to $15 million.
  • Share repurchases of approximately $100 million in outstanding shares from a previous range of $80 million to $120 million.

Conference Call

The Company will host a conference call and Internet webcast at 9:00 A.M. ET on November 10, 2016, to review third quarter 2016 results. A live listen-only webcast of the conference call will be available on the Popeyes website at www.popeyes.com/investors. The conference call can also be accessed live over the phone by dialing (855) 427-4392 or for international callers by dialing (484) 756-4257. A replay will be available after the call and can be accessed by dialing (855) 859-2056, or for international callers by dialing (404) 537-3406; the conference ID is 84538166. The replay will be available until Thursday, November 24, 2016. A replay of the conference call will also be available for 90 days at the Company’s website.

Corporate Profile

Popeyes Louisiana Kitchen, Inc. is the franchisor and operator of Popeyes® restaurants, the world’s second-largest Quick- Service Restaurant (“QSR”) chicken concept based on number of units. As of October 2, 2016, Popeyes had 2,631 operating restaurants in the United States, the District of Columbia, three territories, and 26 foreign countries. The Company’s primary objective is to deliver sales and profits by offering excellent investment opportunities in its Popeyes brand and providing exceptional franchisee support systems and services to its owners. Popeyes Louisiana Kitchen, Inc.can be found at www.popeyes.com.

Investor inquiries:
Anita Booe
404-459-4665
Director, Investor Relations
anita.booe@popeyes.com

Media inquiries:
Renee Kopkowski
404-459-4630
Vice President, Brand Communications
renee.kopkowski@popeyes.com

Source: Popeyes Louisiana Kitchen, Inc.

Popeyes Louisiana Kitchen, Inc. to host 3Q 2016 financial results conference call on November 10, 2016

ATLANTA, 2016-Oct-27 — /EPR Retail News/ — Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI), the franchisor and operator of Popeyes® restaurants, today (October 26, 2016) announced that its Quarterly Report on Form 10-Q for its third quarter 2016, which ended October 2, 2016, will be filed on Wednesday, November 9, 2016, after market close. The Company will host a conference call on Thursday, November 10, 2016, at 9:00 a.m. Eastern Time to review results.

A live listen-only webcast of the conference call will be available on the PLKI website at www.popeyes.com/investors. The conference call can also be accessed live over the phone by dialing (855) 427-4392 or for international callers by dialing (484) 756-4257. A replay will be available after the call and can be accessed by dialing (855) 859-2056 or for international callers by dialing (404) 537-3406; the conference ID is 84538166. The replay will be available until Thursday, November 24, 2016. A replay of the conference call will also be available for 90 days on the Company’s website.

Corporate Profile

Popeyes Louisiana Kitchen, Inc. is the franchisor and operator of Popeyes® restaurants, the world’s second-largest Quick-Service Restaurant (“QSR”) chicken concept based on number of units. As of July 10, 2016, Popeyes had 2,594 operating restaurants in the United States, three territories, and 26 foreign countries. The Company’s primary objective is to deliver sales and profits by offering excellent investment opportunities in its Popeyes brand and providing exceptional franchisee support systems and services to its owners. Popeyes Louisiana Kitchen, Inc. can be found at www.popeyes.com.

Investor Inquiries:
Anita Booe
404-459-4665
Director, Investor Relations
Anita.Booe@popeyes.com

Media Inquiries:
Renee Kopkowski
404-459-4630
Vice President, Brand Communications
renee.kopkowski@popeyes.com

Source: Popeyes Louisiana Kitchen, Inc.

Popeyes Louisiana Kitchen, Inc. to hold its 2016 Analyst Day on October 5, 2016

ATLANTA, 2016-Sep-23 — /EPR Retail News/ — Popeyes Louisiana Kitchen, Inc. (NASDAQ:PLKI), the franchisor and operator of Popeyes® restaurants, today (September 22, 2016) reported that it will hold its 2016 Analyst Day at its headquarters in Atlanta on October 5, 2016. The event is scheduled to start at 10:00 a.m. (ET) and will conclude at approximately 4:00 p.m.

A listen-only webcast of the event will be broadcast simultaneously on the Investor Relations portion of the Company’s website for all interested parties. The presentation and supplemental slides will also be available on the website. To access the Company’s webcast or an archive of the event, please visit www.plki.com and select “Webcast and Presentations”. A replay of the event will be available for 90 days at the Company’s website or through a dial-in number for a limited time following the webcast. For additional information, see the contact information for the Company’s Investor Relations below.

Corporate Profile

Popeyes Louisiana Kitchen, Inc. is the franchisor and operator of Popeyes® restaurants, the world’s second-largest Quick- Service Restaurant (“QSR”) chicken concept based on number of units. As of July 10, 2016, Popeyes had 2,594 operating restaurants in the United States, the District of Columbia, three territories, and 26 foreign countries. The Company’s primary objective is to deliver sales and profits by offering excellent investment opportunities in its Popeyes brand and providing exceptional franchisee support systems and services to its owners. Popeyes Louisiana Kitchen, Inc. can be found at www.popeyes.com.

Contact:
Investor inquiries:
Anita Booe
404-459-4665
Investor Relations
Anita.Booe@popeyes.com

Media inquiries:
Renee Kopkowski
404-459-4630
Vice President, Brand Communications
renee.kopkowski@popeyes.com

Source: Popeyes Louisiana Kitchen, Inc.

Popeyes Louisiana Kitchen, Inc. to present at CL King’s 14th Annual Best Ideas Conference on September 13, 2016 in New York

ATLANTA, 2016-Aug-31 — /EPR Retail News/ — Popeyes Louisiana Kitchen, Inc. (NASDAQ:PLKI), announced today (August 30, 2016) that the Company will present at CL King’s 14th Annual Best Ideas Conference on Tuesday, September 13, 2016 at the Omni Berkshire Place Hotel in New York, NY. The presentation will begin at 12:30 P.M. ET.

All interested parties are invited to listen to this live presentation by visiting the investor section of the Company’s website at www.popeyes.com/investors. A replay of this webcast will be available on the site for 90 days following the conclusion of the conference.

Corporate Profile
Popeyes Louisiana Kitchen, Inc. is the franchisor and operator of Popeyes® restaurants, the world’s second-largest Quick- Service Restaurant (“QSR”) chicken concept based on number of units. As of July 10, 2016, Popeyes had 2,594 operating restaurants in the United States, the District of Columbia, three territories, and 26 foreign countries. The Company’s primary objective is to deliver sales and profits by offering excellent investment opportunities in its Popeyes brand and providing exceptional franchisee support systems and services to its owners. Popeyes Louisiana Kitchen, Inc. can be found at www.popeyes.com.

Investor inquiries:
Anita Booe
404-459-4665
Investor Relations
Anita.Booe@popeyes.com

Media inquiries:
Renee Kopkowski
404-459-4630
Vice President, Brand Communications
renee.kopkowski@popeyes.com

Source: Popeyes Louisiana Kitchen, Inc.

Popeyes Louisiana Kitchen, Inc. announces Q2 FY2016 results ended July 10, 2016

ATLANTA, 2016-Aug-22 — /EPR Retail News/ — Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI), the franchisor and operator of Popeyes® restaurants, today (August 16, 2016) reported results for its fiscal second quarter of 2016, which ended July 10, 2016. The Company also reaffirmed earnings guidance for fiscal 2016.

“The second quarter was a productive one for Popeyes on each of our three strategic pillars, despite the competitive pressures on comparable sales,” said Cheryl Bachelder, Popeyes Chief Executive Officer. “We have continued to offer our guests a balance of exciting new products and value-oriented promotions, and our share of chicken-QSR grew this quarter. We have successfully implemented our new field visit protocols to advance our operations and we completed the scoping of our One Technology initiative. Our international team is delivering excellent results. So while we are experiencing slower domestic sales, consistent with the sector; we remain highly confident that our bold long term goals are achievable.”

Second Quarter 2016 Highlights:

  • Total revenues increased 3.9% to $61.7 million, compared to $59.4 million in the second quarter of 2015.
  • Reported net income was $10.3 million, or $0.47 per diluted share, compared to $10.3 million, or $0.44 per diluted share in the second quarter 2015. Adjusted earnings per diluted share(1) was $0.47, compared to$0.44 in 2015. Both earnings per diluted share and adjusted earnings per diluted share had a year over year growth of 6.8%.
  • Total system-wide sales increased by 6.5% in the second quarter 2016 as a result of net unit growth and same-store sales performance.
  • Global same-store sales increased 0.7%.
  • Total domestic same-store sales were flat, compared to a 7.9% increase in the second quarter of 2015.Popeyes increased its domestic market share of the chicken-QSR category to a record high 26.6%, compared to 25.4% in the second quarter of 2015.
  • International same-store sales increased 6.4%, compared to a 4.3% increase in the second quarter of 2015, marking the 26th consecutive quarter of positive international same-store sales growth.
  • Sales by Company-operated restaurants were $25.2 million in the second quarter compared to $25.1 million last year. Company-operated restaurant operating profit(1) was $4.7 million, or 18.7% of sales, compared to$4.9 million, or 19.5% of sales in the second quarter of 2015. The decrease was primarily due to lower sales in our new markets along with higher labor costs, which were partially offset by lower chicken and grocery basket costs.
  • Operating EBITDA(1) was $19.8 million, or 32.1% of total revenue in the second quarter, compared to $19.5 million, or 32.8% of total revenue last year. The increase was primarily due to an increase in franchise royalties and fees partially offset by a planned increase in general and administrative expenses to support the Company’s new strategic roadmap along with a decrease in Company-operated restaurant operating profit.
  • Through the first 28 weeks of fiscal 2016, free cash flow(1) was $23.6 million, compared to $19.6 million in 2015.
  • The Popeyes system opened 43 restaurants, which included 23 domestic and 20 international restaurants. Net restaurant openings were 36 compared to 31 in the same period last year.
  • As of the end of the second quarter, the Company operated and franchised 2,594 restaurants, compared to 2,443 at the end of the second quarter in 2015, representing a net unit growth of 6.2% over the last twelve months.
  • The Company repurchased 532,864 shares of its common stock for approximately $30 million.

Fiscal 2016 Guidance:

Based on performance through the second quarter, the Company is making the following adjustments to guidance for the full-year fiscal 2016:

  • System-wide same-store sales growth in the range of 1.0% to 2.0%, a decrease from previous guidance in the range of 2.0% to 3.0%.
  • Two new Company-operated restaurant openings, a decrease from previous guidance of three to five.

In addition, the Company reiterates the following guidance for full year fiscal 2016:

  • New restaurant openings in the range of 200 to 235, including approximately 85 to 100 internationally.
  • Net new restaurant openings in the range of 140 to 185, for a net new unit growth rate of approximately 6% to 7%.
  • General and administrative expenses to be approximately 2.9% to 3.0% of system-wide sales, maintaining an investment rate that supports long-term growth.
  • Capital expenditures to be in the range of $10 million to $15 million, including approximately $10 million for new Company-operated restaurants and other capital improvements at existing restaurants.
  • Earnings per diluted share and adjusted earnings per diluted share to be in the range of $2.10 to $2.15.
  • Share repurchases of $80 million to $120 million in outstanding shares, compared to $62 million in 2015, with$60 million purchased from operating cash flows and up to $60 million from additional borrowings.
  • Effective income tax rate in 2016 to be approximately 38%.

Conference Call

The Company will host a conference call and Internet webcast at 9:00 A.M. ET on August 17, 2016, to review second quarter 2016 results. A live listen-only webcast of the conference call will be available on the Popeyes website at www.popeyes.com/investors. The conference call can also be accessed live over the phone by dialing (855) 427-4392 or for international callers by dialing (484) 756-4257. A replay will be available after the call and can be accessed by dialing (855) 859-2056, or for international callers by dialing (404) 537-3406; the conference ID is 41416512. The replay will be available until Wednesday, August 31, 2016. A replay of the conference call will also be available for 90 days at the Company’s website.

Corporate Profile

Popeyes Louisiana Kitchen, Inc. is the franchisor and operator of Popeyes® restaurants, the world’s second-largest Quick- Service Restaurant (“QSR”) chicken concept based on number of units. As of July 10, 2016, Popeyes had 2,594 operating restaurants in the United States, the District of Columbia, three territories, and 26 foreign countries. The Company’s primary objective is to deliver sales and profits by offering excellent investment opportunities in its Popeyes brand and providing exceptional franchisee support systems and services to its owners. Popeyes Louisiana Kitchen, Inc. can be found at www.popeyes.com.

(1) Adjusted earnings per diluted share, operating EBITDA, Company-operated restaurant operating profit, and free cash flow are supplemental non-GAAP measures of performance. See the heading entitled “Management’s Use of Non-GAAP Financial Measures.”

Investor inquiries:
ICR
Dara Dierks
404-459-4584
Investor Relations
investor.relations@popeyes.com

Media inquiries:
Popeyes Louisiana Kitchen, Inc.
Renee Kopkowski
404-459-4630
Vice President, Brand Communications
renee.kopkowski@popeyes.com

Source: Popeyes Louisiana Kitchen, Inc.

Popeyes Louisiana Kitchen, Inc. announces schedule for 2Q2016 Earnings Conference Call and Webcast

ATLANTA, 2016-Aug-12 — /EPR Retail News/ — Popeyes Louisiana Kitchen, Inc. (NASDAQ:PLKI), the franchisor and operator of Popeyes® restaurants, today announced that its Quarterly Report on Form 10-Q for its second quarter 2016, which ended July 10, 2016, will be filed on Tuesday, August 16, 2016, after market close. The Company will host a conference call on Wednesday, August 17, 2016, at 9:00 a.m. Eastern Time to review results.

A live listen-only webcast of the conference call will be available on the PLKI website at www.popeyes.com/investors. The conference call can also be accessed live over the phone by dialing (855) 427-4392 or for international callers by dialing (484) 756-4257. A replay will be available after the call and can be accessed by dialing (855) 859-2056 or for international callers by dialing (404) 537-3406; the conference ID is 41416512. The replay will be available until Wednesday, August 31, 2016. A replay of the conference call will also be available for 90 days on the Company’s website.

Corporate Profile
Popeyes Louisiana Kitchen, Inc. is the franchisor and operator of Popeyes® restaurants, the world’s second-largest Quick-Service Restaurant (“QSR”) chicken concept based on number of units. As of July 10, 2016, Popeyes had 2,594 operating restaurants in the United States, three territories, and 26 foreign countries. The Company’s primary objective is to deliver sales and profits by offering excellent investment opportunities in its Popeyes brand and providing exceptional franchisee support systems and services to its owners. Popeyes Louisiana Kitchen, Inc. can be found at www.popeyes.com.

Contacts:

Investor inquiries:
ICR
Dara Dierks
404-459-4584
Investor Relations
investor.relations@popeyes.com

Media inquiries:
Popeyes Louisiana Kitchen, Inc.
Renee Kopkowski
404-459-4630
Vice President, Brand Communications
renee.kopkowski@popeyes.com

Source: Popeyes Louisiana Kitchen, Inc.