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AFC Enterprises Reports Preliminary Fiscal 2013 Operating Results

AFC Enterprises, Inc. (NASDAQ: AFCE), the franchisor and operator of Popeyes® restaurants, today reported selected unaudited results for its fiscal fourth quarter and fiscal year which ended December 29, 2013.

AFC Enterprises Chief Executive Officer Cheryl Bachelder stated, “We are very pleased with our performance for fiscal 2013. Popeyes’ sustained market share growth and increased restaurant profitability continue to inspire new restaurant openings. The Popeyes system opened more new restaurants in 2013 than in any single year in the last 15 years. The energy and hard work of our franchisees and employees provide the foundation of our 13% to 15% long-term earnings growth plan.”

             
FY 2013 Metric     Actual    

Previous Guidance

Global same-store sales     3.7%     3.5% to 4.0%
Global new restaurant openings 194 185 to 195
Global net restaurants     126     100 to 120
 

Global same-store sales increased 0.8% in the fourth quarter, rolling over a 6.2% increase last year. For the full year, global same-store sales increased 3.7%. Two-year global same-store sales growth was 10.6%.

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