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.