Popeyes Louisiana Kitchen (PLKI) to be acquired by Restaurant Brands (QSR) for $79.00/share

Popeyes Louisiana Kitchen (PLKI) agrees to be acquired by Restaurant Brands (QSR) for $79.00/share in cash, or approximately $1.8 bln .

   

"The acquisition of Popeyes will add a successful, highly-regarded brand with strong customer loyalty to RBI, one of the largest global quick service restaurant companies with two of the world's most iconic QSR brands -- BURGER KING and TIM HORTONS." The transaction is expected to close by early April 2017.

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

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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.

Popeyes Louisiana Kitchen (PLKI) reported earnings on Wed 8/19/15 (a/h)

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Popeyes Louisiana Kitchen reports EPS in-line, misses on revs; co raises FY15 EPS in-line; raises share repurchase :

Reports Q2 (Jun) earnings of $0.44 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate of $0.44; revenues rose 10.6% year/year to $59.4 mln vs the $62.86 mln consensus.

• Co raises guidance for FY15, sees EPS of $1.85-1.90, excluding non-recurring items, vs. $1.91 Capital IQ Consensus Estimate, up from $1.84-1.89.
• Same-store sales growth in the range of 4.5% to 5.5%, an increase from previous guidance at the upper end of the range of 3.5% to 4.5%
• Share repurchases of approximately $50 to $60 million, compared to previous guidance of $40 to $50 million

co reiterates...

• New restaurant openings of 200 to 225, including ~85 to 95 internationally.
• Net restaurant openings are expected to be in the range of 115 to 150, for a system growth rate of ~5%.
• During 2015, the Company expects to open 3 to 5 new Company-operated restaurants.