Popeyes Louisiana Kitchen (PLKI) reported earnings Wed 11 Nov 15 (a/h)

** charts after earnings **

Popeyes Louisiana Kitchen (NASDAQ:PLKI) posted Q3 results that beat views. The fried chicken chain reported earnings of 47 cents a share on sales of $61.1 million. Views were for 45 cents a share on revenue of $61.9 million. It also slightly raised its full-year profit outlook to a range of $1.86 to $1.91 a share, vs. views of $1.90.

Popeyes Louisiana Kitchen beats by $0.02, misses on revs; raises FY15 EPS guidance, in-line:

• Reports Q3 (Sep) earnings of $0.47 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.45; revenues rose 11.3% year/year to $61.1 mln vs the $61.83 mln Capital IQ Consensus.
• Co raises EPS guidance for FY15, sees EPS of $1.86-1.91, excluding non-recurring items, vs. $1.90 Capital IQ Consensus Estimate, up from $1.85-1.90
• Co raises same-store sales guidance... sees same-store sales growth in the range of 5.0-5.5%, an increase from previous guidance in the range of 4.5-5.5%
• Raises share repurchases in the range of $55 to $65 million, compared to previous guidance of $50 to $60 million.