Popeyes Louisiana Kitchen, Inc. is the franchisor and operator of Popeyes restaurants, the world's second-largest quick-service chicken concept based on number of units. - Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI), the franchisor and operator of Popeyes ® restaurants, today reported results for fiscal 2016 that ended December 25, 2016.. PLKI reported net income of $42.8 million, or $1.98 per diluted share, compared to $44.1 million, or $1.91 per diluted share in 2015. Fast food chain Burger King generated approximately 1.58 U.S. dollars in sales revenue in 2018. Net sales rose 6.8% to $1.48 billion, topping expectations of $1.46 billion. Schwartz said current and future deals would “set Popeyes up to be one of the fastest growing, global [quick-service restaurant] brands in the world.” Schwartz said Popeyes’ deceleration in comps on the backend of 2018 was twofold. See Popeyes's revenue, employees, and funding info on Owler, the world’s largest community-based business insights platform. Popeyes's CEO is James Kang; How much revenue does Popeyes generate? Same-store sales were up 5.5% for McDonald’s last quarter, and grew 2.0% for Yum! Whether or not Restaurant Brands International Inc (NYSE:QSR) beat its fourth-quarter estimates is largely a matter of perspective, and which estimates you’re using. That honor belongs to Tim Horten, which earned $304.1 million before interest, taxes and depreciation are factored in. Restaurant Brands reported higher revenue for the fourth quarter, driven by gains in Popeyes Louisiana Kitchen, though sales in its Canadian coffee chain Tim Hortons remained a drag. Popeyes generates $3.7B in revenue; How much funding does Popeyes have? As of December 2018, there were total 3,102 Popeyes Louisiana Kitchen restaurants operational worldwide and total revenue for the year was $3,732 million. It recently announced a Popeyes push into China. Popeyes's top competitors are KFC, JFC and Bojangles’. Article printed from InvestorPlace Media, https://investorplace.com/2018/02/qsr-stock-serves-tasty-earnings-report/. That’s a marked improvement on the $4.57 billion in revenue and profits of $2.10 per share of QSR stock booked for fiscal 2017. The bottom line was better than the 57 cents per share Zacks Investment Research was modeling, though less than Factset’s collective call for earnings of 72 cents per share of Restaurant Brands International stock. Better still, look for more oversized profit and revenue growth going forward. Get access to exclusive coupons. Brands, Inc. (NYSE:YUM), which owns Taco Bell, Pizza Hut and KFC. Dec. 11, 2020, NIO Stock: Why Nio Shares Are Plunging Right Now, Before ChargePoint Merger Closes, Invest in Switchback Energy, Nio Stock Is a Definite Buy; Thank Irrationality for the Discount. At the end of 2018, there were 2,368 US Popeyes locations. The company, which owns Tim Hortons and Burger King as well as recently acquired Popeyes Louisiana Kitchen, saw sales growth from all three arms, though Burger King was the growth leader as well as the big breadwinner for the quarter in question. Of the 2,368 locations, 2,327 were franchised locations and 41 were company-owned locations. Although Popeyes did not disclos… Find related and similar companies as well as employees by title and much more. Popeyes’ sales were up 6.8% year-over-year, and Tim Horten’s top line was up 2.4%. One, it reflected less impactful … Burger King, which are mostly franchised, only produced $265.3 million worth of EBITDA. Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage – convenience stores, grocery retailing, restaurants and noncommercial foodservice – through media, events, … Launches Delivery in Major Markets with Uber Eats 1. NONE — Atlanta-based AFC Enterprises, the parent company of Popeyes, said revenue dipped slightly in the second quarter but profits rose thanks to a reduction in general and administrative expenses. Total sales at its company-owned restaurants was up 6.5% to $606.2 million. Airbnb Stock IPO Is Set to Soar 200%. 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. Do not sell my personal infoPrivacy PolicyContact UsRSS, 45 Bojangles’ Famous Chicken ‘N Biscuits, 94 Freddy's Frozen Custard & Steakburgers, 113 On the Border Mexican Grill & Cantina, 127 Fleming’s Prime Steakhouse & Wine Bar, 180 Bubba Gump Shrimp Co. All rights reserved. This was up from 2,220 at the end of 2017. quotes delayed at least 15 minutes, all others at least 20 minutes. The Brazil partner opened their first eight Popeyes in Q4. Same-store sales were up overall, though only thanks to the big improvement at Burger King. In the press release accompanying Popeyes’ earnings report for fiscal 2016, CEO (at the time of the report) Cheryl Bachelder said, “In 2016, we delivered global same-store sales growth of 1.7 percent, our eighth consecutive year of positive same-store sales growth, and 216 new restaurant openings around the … The wide variance in expectations may have stemmed from the uncertainty of last year’s acquisition of Popeyes, and the recognition that Popeyes and Burger King both began new promotional campaigns during the quarter. CEO Daniel Schwartz commented on the fourth quarter numbers: “We are pleased to report another year of strong results. KFC Ltd. 6. Popeyes Louisiana Kitchen, Inc. develops, operates and franchises quick-service restaurants under the trade names Popeyes Chicken and Biscuits and Popeyes Louisiana Kitchen. Brands. For all of 2018, the pros are calling for earnings of $2.68 per share on sales of $4.98 billion. Not surprisingly, the company is poking at Chick-fil-A again as it plots its return. The Revenue of Burger King chain of QSR restaurants was 21.6 billion dollars in 2018. And yet, it’s not the most profitable arm on an EBITDA basis. Will your money be safe? RBI Annual Reports. Burger King still led the way though, with a 12.3% increase in overall sales. Don’t Sit This Out. The ongoing royalty rate is 5% of gross sales paid to … Starting in 1972 as a company named Chicken on the Run who sold traditional Southern-fried chicken, Popeyes Louisiana Kitchen, or simply called Popeyes, is a large American fast food chain specializing in fried chicken. All rights reserved. You can follow him on Twitter, at @jbrumley. Sales fell short of the than the consensus of $1.26 billion, and Factset’s revenue outlook of $1.57 billion was missed by a country mile. In 2007, Burger King archieved only 0.58 U.S. dollars in sales revenue. View Popeyes (www.popeyes.com) location in Florida, United States , revenue, industry and description. 1125 N. Charles St, Baltimore, MD 21201. Yum’s earnings grew 20% year-over-year thanks to a move away from company-owned stores and refranchising. McDonald’s saw nice profit growth last quarter as well, largely on the heels of a similar shift in its franchisee/company-owned store mix. Get the detailed quarterly/annual income statement for Under Armour, Inc. (UA). SLS Stock: Why SELLAS Life Sciences Is Surging Today. PLKI: Get the latest Popeyes Louisiana Kitchen stock price and detailed information including PLKI news, historical charts and realtime prices. Annual stock financials by MarketWatch. Still, overall revenue was up 11% from the year-ago top line of $1.11 billion, and adjusted operating earnings for the quarter were up 50% from Q4-2016’s total of 44 cents per share of QSR stock. Effective January 1, 2018, we adopted the new revenue recognition accounting standard ("New Standard"). Popeyes Royalty. RBI bought Popeyes in 2017, and has been on a drive to expand Popeyes 3,000 outlets world wide. Will You Be One of Them? Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "I am pleased to report that our business continued to deliver strong system-wide sales growth in 2018, driven by acceleration of net restaurant growth at Burger King and Popeyes and improved momentum in … Broadly speaking, franchise fee revenue is higher margin revenue than that driven by the restaurants outright owned by the company. 1125 N. Charles St, Baltimore, MD 21201. For all of 2018, the pros are calling for earnings of $2.68 per share on sales of $4.98 billion. Franchise fees and property revenue of $628.0 million was up 15.8%, reflecting the push towards more franchised restaurants. Revenue: $1.48 billion vs. $1.47 billion expected Adjusted earnings per share: 75 cents vs. 73 cents expected Burger King same-store … In early May 2018, Popeyes announced that it had signed a deal with Uber Eats to expand its delivery service in New York City, Chicago, Miami, and Washington. Burger King, Popeyes Parent Serves Up a Tasty Earnings Report, 8 Next Energy Solutions as We Pass Peak Oil, Fisker Stock Has the Potential for Big Future Gains, Louis Navellier and the InvestorPlace Research Staff, What Did the Stock Market Do? Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Discount Description Expires; SALE: Popeyes Coupons, In-Store Offers & Specials-ONLY $24.99: 14PCs Family Meal For $24.99: 01/01/21: SALE: Join Popeye's … Nasdaq Copyright © 2020 InvestorPlace Media, LLC. Revenue Recognition Update. As of December 25, 2016, Popeyes had 2,688 operating restaurants in the U.S., three territories, and 25 foreign countries. Discover our menu and order delivery or pick up from a Popeyes near you. Find out the revenue, expenses and profit or loss over the last fiscal year. 2020 InvestorPlace Media, LLC. Compare Popeyes Louisiana Kitchen to its competitors by revenue, employee growth and other metrics at Craft. After acquiring POPEYES(r) earlier in 2017, we made good progress integrating the business, and we remain highly encouraged by the brand’s growth potential. Burger King is a subsidiary of Restaurant Brands International. Restaurant & Market, 198 Del Frisco’s Double Eagle Steak House, 236 Marie Callender's Restaurant & Bakery. Though Burger King was the only arm to see same-store sales growth for the quarter, all three units saw overall revenue growth thanks to new-store openings. Its same-store sales were up 3.1%, offsetting slight dips in same-store sales at Tim Hortens and Popeyes Louisiana Kitchen. On December 17, Louis Navellier & Matt McCall will reveal the major events that will rock the markets in 2021. The revenue mix matters, however. Our consolidated financial statements for 2018 reflect the application of the New Standard, while our consolidated financial statements for 2017 were prepared … As of this writing, James Brumley did not hold a position in any of the aforementioned securities. Report Benefits. Burger Kings, as a group, generated revenue of $5.3 billion for the quarter, or about two-thirds of the combined revenue created by the company’s three divisions. For its fourth fiscal quarter ending in December, Restaurant Brands International turned $1.23 billion worth of revenue into a reported profit of $1.59 per share, though on a more meaningful operating basis, the company generated earnings of 66 cents per share of QSR stock. We also improved system-wide sales growth at BURGER KING(r) this year, driven by accelerated net restaurant growth and continued comparable sales momentum. Popeyes is an American multinational chain of fried chicken fast food restaurants founded in 1972 in New Orleans, Louisiana and headquartered in Miami, Florida.Since 2008, its full brand name is Popeyes Louisiana Kitchen, Inc., and it was formerly named Popeyes Chicken & Biscuits and Popeyes Famous Fried Chicken & … Popeyes Louisiana Kitchen's main competitors include Potbelly Sandwich Works, Bojangles, Luby's and Del Frisco's Restaurant Group. But, as of the latest look, analysts were collectively expecting revenue of $1.15 billion to drive earnings of 56 cents per share. View the latest 3420 financial statements, income statements and financial ratios. Popeyes’ global same-store sales rose 9.7%, the company said, and systemwide sales rose 15.6% at the chicken chain. Popeyes has historically raised $159.4M in funding Copyright © Singapore - visited fast food restaurants 2018 Peru: top QSR chains 2015, by number of units Consumer opinion on fast-food/fast casual restaurant value for money in the U.S. 2014 Industry Size Understand the size of the total U.S. restaurant industry and the top 500 chains’ market share. Performance Rankings According to these analysts, the Low Revenue Estimate for Popeyes Louisiana Kitchen, Inc. is 56.9 Million and the High Revenue Estimate is 62.3 Million. That’s better than the $1.0 billion in revenue and 36 cents worth of earnings per share of QSR stock reported a year earlier. Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage – convenience stores, grocery retailing, restaurants and noncommercial foodservice – through media, events, data products, advisory services, and trade shows. Popeyes Menu and Prices. The company did not offer guidance for the quarter or for the year currently underway. For complete Top 500 data, including each chain’s sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more: These emerging chains are the growth vehicles to watch—the ones poised to be major industry players in the coming years. Food trends and recipes to keep menus fresh, New restaurants and soon-to-open concepts worth monitoring, RB’s exclusive ranking of the highest-grossing independent restaurants, Peter Romeo highlights the moments restaurateurs miss at their own peril, Ideas from the field you may want to borrow. Popeyes Louisiana Kitchen’s EBITDA was a modest $36.9 million. At TIM HORTONS(r), we launched our mobile app and our espresso based beverage platform in Canada and the U.S. and also opened our first restaurants in Asia, Europe and Latin America.”. Investors are mostly using the lower numbers as the basis for the comparison though, as QSR stock was up nearly 7% on Monday morning following the release of its Q4 results. Restaurant Brands International’s Q4 results moved in the same positive direction as those of McDonald’s Corporation (NYSE:MCD) and Yum! Number of Burger King restaurants in 2018 was 17,796. 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