Bachelder also commented on the company's forecasts, saying that it's difficult for AFC to offer three to five year guidance given their growth and innovation. Thus, she admitted, their longer-term guidance may be overly conservative.
Bachelder had positive things to say about AFC's international expansion. Despite closing a few stores, she said that the Popeye's concept "travels well" and they're seeing strong demand in Canada, Korea and Turkey and have very high expectations for Peru and the rest of Latin America.
Cramer said that its rare that investors can buy shares in a company that beat their numbers at a sizable discount, but that's exactly the opportunity the markets have provided in AFC.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer commented on the abysmal earnings releases from
(GRPN) and their equally abysmal CEOs.
Cramer said he has no faith in any company that begins their conference call with how "good" things are going when clearly, things are not going well. He said there's far more respect for calls where management admits their problems, right up front, then explains how they will fix them.
That was not the case with Groupon, he said, nor JCPenney, both of whose CEOs he called "delusional" about how bad things really have become. Groupon took the appropriate action by firing its CEO, Andrew Mason, earlier today, something JCPenney's board must seriously consider doing.
Cramer said that he's never seen a retailer come back from sales that are declining as fast as JCPenney and he's questioning whether the company will survive to see another holiday season. As such, Cramer added JCPenney CEO Ron Johnson to the top spot on his "Wall of Shame" list of the worst CEOs.
Cramer said that Groupon's Mason was spared the Wall of Shame honor only by getting fired right minutes before "Mad Money" began airing.
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-- Written by Scott Rutt in Washington, D.C.
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