Popeyes Louisiana Kitchen Q3 Profit Tops Estimates - Quick Facts

(RTTNews) - Popeyes Louisiana Kitchen, Inc. (PLKI) reported third-quarter net income of $9.8 million or $0.42 per share, compared to $9.0 million or $0.37 per share, prior year. Adjusted earnings per share was $0.42, for the quarter.

On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.41 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $54.9 million from $49.3 million last year. Analysts expected revenue of $55.52 million for the quarter.

The company now expects fiscal 2014 same-store sales growth of 5.0% to 5.5%, an increase from previous guidance of 3.0% to 4.0%. Adjusted earnings per share are expected to be in the range of $1.61 to $1.64, compared to previous guidance of $1.58 to $1.63. Analysts expect the company to report full year earnings per share of $1.62.