Popeyes sales rise on promotions
Atlanta-based AFC Enterprises, parent company of the Popeyes chicken chain, reported Wednesday a 4.3 percent increase in global same-store sales for the second quarter.
Popeyes helped boost traffic through promotions, including a one-day offer that featured 8 pieces of chicken for $4.99. The chain said it also benefited from lower commodity costs and saw improvements in its guest experience monitoring survey.
AFC reported net income in the second quarter of $6.4 million, compared to $6.6 million in the same quarter last year. Excluding other non-operating income, net income was $4.7 million in the second quarter, compared to $4.3 million last year, AFC said in a press release accompanying the results.
AFC’s revenue fell 9 percent to $35.7 million. The decline was primarily caused by re-franchising 27 company operated stores in the Atlanta and Nashville markets, AFC said.
