Popeyes Louisiana Kitchen Q2 Profit Declines - Quick Facts

(RTTNews) - Popeyes Louisiana Kitchen, Inc. (PLKI), Wednesday reported second-quarter net income of $8.3 million, down from $8.5 million in the year-ago period. Earnings per share for the latest second quarter were $0.35, same as last year.

Adjusted earnings for the second quarter rose to $9.2 million or $0.39 per share from $8.5 million or $0.35 per share in the prior year period. On average, six analysts polled by Thomson Reuters expected earnings of $0.39 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter rose to $53.7 million from $47.9 million last year, while five analysts estimated revenues of $54.80 million for the quarter.

Looking forward to the full year 2014, the company continues to expect adjusted earnings in the range of $1.58 to $1.63 per share, and same-store sales growth of 3.0 to 4.0 percent. Analysts currently estimate earnings of $1.63 per share for the year.