Business
Business

Popeyes sales rise on promotions

By Joe Guy Collier
Aug 19, 2009

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.

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Joe Guy Collier
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