Popeyes

Burger King, Tim Hortons Owner Adding Popeyes To Holdings

... Burger Kings around the world. However, Cowen analyst Andrew Charles said last week that the company has not yet accomplished its goal of expanding Tim Hortons internationally. Although Tim Hortons has signed three master franchise development agreements in the Philippines, the United Kingdom and Mexico, Charles noted no stores have yet opened under those deals. Stephen Anderson, a Maxim Group analyst, noted last week that Popeyes has had stronger sales performance worldwide in the past two years compared to Burger King and Tim Hortons. The deal gives shareholders of Popeyes Louisiana Kitchen Inc. $79 per share, a 19 percent premium from its closing price on Friday. Restaurant Brands International Inc., based in suburban Toronto, has more than 20,000 locations globally, and Popeyes would give it about 2,600 more. By comparison, Mc Donald's Corp. ...

Burger King Company May Buy Fried Chicken Chain

... Popeyes shares jumped 14 percent in New York, reaching a record $75.30 and giving the company a market capitalization of around $1.6 billion. Restaurant Brands shares rose 4 percent to C$70.12 in Toronto, giving that company a market capitalization of C$32.34 billion. Popeyes, whose fans include pop singer Beyoncé, began 45 years ago as a Southern-fried "Chicken on the Run" restaurant in a New Orleans suburb. It has since expanded to more than 2,000 restaurants, of which 1,600 are in the United States. The company has benefited from strong customer loyalty, as well as from a restaurant refurbishment program. Chicken accounts for about 10 percent of the fast-food industry, according to data service IBISWorld, and Popeyes' market share is growing. The largest brands in the sector include privately held Chick-fil-A and Yum! Brands Inc's KFC. Private equity firm 3 G Capital, which is controlled by Brazilian billionaire ...

Burger King Owner To Buy Popeyes Louisiana Kitchen For $1.8 Bln

... Owner To Buy Popeyes Louisiana Kitchen For $1.8 Bln. 2/21/2017 9:15 AM ET. Restaurant Brands International Inc. ( QSR , QSP. TO), the owner of Burger King, agreed to acquire Popeyes Louisiana Kitchen Inc. ( PLKI ) for $79.00 per share in cash, or $1.8 billion. Founded in New Orleans in 1972, Popeyes has 45 years of history and culinary tradition and is the franchisor and operator of Popeyes restaurants. Today Popeyes is one of the world's largest quick service restaurant chicken concepts with over 2,600 restaurants in the U. S. and 25 other countries around the world and its global footprint will complement RBI's existing portfolio of over 20,000 restaurants in more than 100 countries and U. S. territories. As per the terms of the transaction, Popeyes shareholders will receive $79.00 in cash per share at closing. This represents a premium of 27% based on Popeyes' 30-trading day Volume Weighted Average Price as of February 10, the last trading day before media speculation on the potential sale of ...

Why A Buyout Makes Sense For Popeyes

... per Burger King unit is expected (cons.) to be only $11 k in ’17 vs. the asset-light QSR avg. of $30 k and our PLKI est. of $34 k. In the first full year after acquiring Burger King (announced 9/2/10), 3 G Capital lowered G&A by 38%. The reductions were driven by a zero-based budgeting, or ZBB (starting each budget year with a blank slate) and refranchising company units (not a large opportunity at PLKI with 55 company store of 2,688). For perspective, we expect PLKI’s G&A to be roughly equal to its EBITDA in ’18 ($106.7 M vs. $103.7 M) such that a given % drop in G&A would translate into a similar increase in EBITDA. PLKI has long seen the opportunity to be the “challenger brand” for chicken QSR internationally, as there are in the hamburger and pizza and segments. By refining its marketing message, investing in TV advertising and signing new franchisee agreements, PLKI has been setting the stage for strong growth. PLKI’s unit growth has accelerated ...

Woman Sues Popeyes For Contracting Flesh-eating Parasite, No One Believes Her

... you that we understand that, while investigating this matter, the franchisee has worked with outside parties who have found the claims to be unfounded and false,” Popeyes spokeswoman Renee Kopkowski said. “We can also assure you that the side dishes at this local Popeyes and all Popeyes restaurants have a strict standard and are cooked and maintained at 165 degrees Fahrenheit, a temperature that would make it impossible for bacteria or other foreign matter to survive the cooking process.”. Obviously, it’s in their interest to be skeptical of such a dramatic legal claim, but it’s not just Popeyes that suspicious of Goode’s allegations. “Nothing about this, biologically, is sound,” Gwen Pearson, an educational outreach coordinator for the Purdue Department of Entomology, told the Washington Post. Sounds an awful lot like the aforementioned spork ...

Popeye's And Restaurant Brands

... reports. Sales by company operated restaurants were up $0.7 million year-over-year. Franchise royalties also rose to $5.0 million from $4.9 million. Regarding its total income, which beat estimates, the company saw net income of $10.3 million, or $0.47 per share. This compares to $10.4 million or $0.49 per share last year. On an adjusted basis, earnings were $0.69 per share this year and $0.47 last year. These earnings crushed estimates by $0.06. Further same-store sales are a key indicator. In the last quarter same-store sales were up 1.8%, slightly below historic norms. The domestic same-store sales improved 1.5%, while International same-store sales further increased 3.7%, which was strong. Overall this is the 28 th consecutive quarter of international same-store sales growth and margins widened heavily. Margins came in at 37.2% from 33.2% last year. This was more than enough ...

Burger King Owner To Buy Popeyes Fried Chicken For $1.8b

... chicken and seafood. But the acquisition comes amid slowing sales growth for Popeyes after several years of expansion. Sales at Popeyes stores open at least a year rose 1.7% for the fiscal year ended Dec. 25, according to an estimate released in January. That came after same-store sales growth of 5.9% in 2015. "The key to long-term success at Popeyes will be a focus on guest satisfaction and franchise profitability," Restaurant Brands CEO Daniel Schwartz said in a conference call. "The team has done a great job setting the foundation for future growth.". The deal marks the latest in a series of moves that bear the hallmarks of Brazilian investment firm 3 G Capital's approach to financial restructuring. Known for targeting acquisitions for revenue growth and cost cutting, 3 G Capital, which engineered the Burger King acquisition of Tim Hortons, controls about 42.6% of the ...

Burger King's Parent Company To Buy Popeyes

... 21 2017 6:07 PM EST 2017-02-21 23:07:01 GMT. Photo courtesy of the victim. Scott Police are trying to figure out who broke into cars during Sunday's parade.   Investigators say someone broke the windows of two cars and stole women's purses that were left behind on the seat. Tuesday, February 21 2017 5:17 PM EST 2017-02-21 22:17:54 GMT. Courtesy Stock Snap. The University of Louisiana at Lafayette’s Center for Business and Information Technologies is seeking innovative students, programmers, software developers, designers and entrepreneurs for its Cajun Code Fest 5.0 competition. Tuesday, February 21 2017 1:13 PM EST 2017-02-21 18:13:36 GMT. Carencro Police are investigating a fight that took place during its Mardi Gras parade over the weekend. Tuesday, February 21 2017 12:14 PM EST 2017-02-21 17:14:53 GMT. Teurlings Rebel Revue. The Teurlings Catholic High School's Rebel Revue was named the National Hip Hop Runners-Up at the National Dance Team Championship earlier this month. Oroville Dam ...

Buzz-u.s. Stocks On The Move-kraft, Unilever, Popeyes, Eyegate

... [n L 4 N 1 G 641 H] * EYEGATE PHARMACEUTICALS INC , $2.57, +56.72 pct * VALEANT PHARMACEUTICALS INC , $16.29, +1.56 pct The eye drug developer entered a deal with Canadian drugmaker Valeant Pharmaceuticals Inc , which grants Valeant exclusive, worldwide commercial and manufacturing rights to its Eye Gate II Delivery System and EGP-437 combination product candidate for use in post-operative treatment. [n Pn 5 Vg Ch Ta] * TRONOX LTD , $17.96, +24.55 pct The chemical maker said it would expand a business that makes titanium dioxide, a whitening pigment used in paints, paper and plastics with a $1.67 billion deal. [n Pn 8 Qgb 9 da] * WAL-MART STORES INC , $71.42, +2.96 pct The retailer reported higher-than-expected global comparable sales, helped by a rise in online sales and higher traffic at Wal-Mart and Sam's Club stores. [n L 4 N 1 G 63 Q 5] * MEDTRONIC PLC ...

January Retail Sales Rise, Rbi To Buy Popeyes, Food Away From Home Leads Consumer Price Index Increase And Whole Foods Intros Fast-casual

... advance estimate. From January of 2016 retail sales have increased 5.6 percent. Excluding motor vehicles and parts sales, total retail sales grew 0.8 percent from December and were up 5.3 percent over January 2016. Restaurant and drinking places sales were up 1.4 percent from December and increased 5.6 percent from January last year. The bad news was the advance estimate for December was revised downward to minus 1.1 percent from 0.8 percent. What will happen next month when the Census Bureau has a larger sample to work with remains to be seen, but, using the numbers we have now, there does not appear to be any reason to panic. The usual limitations and cautions with this report apply. The advance data is based on a small sample which is subject to revision when there are more responses to the survey. Note the change in restaurant sales in December outlined above. The research is conducted only with restaurants and drinking places, which excludes 30 percent to 40 percent of the foodservice industry, including hotels, resorts, employee ...

Woman Claims Flesh-eating Screwworms Ate Her ‘from The Inside Out

... intestine) because there is no oxygen source. “There are no insects that you could eat alive that would then set up shop in your body,” she said. However, she added, non-insect parasites, such as tapeworms, could be ingested in a similar way. Female New World screwworms lay their eggs in open wounds of warm-blooded animals and humans and, when the eggs hatch, the larvae infest and feed on the host, according to the U. S. Department of Agriculture. Screwworms were eradicated in the United States several decades ago. Then last year, the parasite was found in deer from National Key Deer Refuge in Big Pine Key, Fla., according to the U. S. Department of Agriculture. As The Washington Post’s Ben Guarino reported. The New World screwworms infesting the Florida deer were not supposed to be in the United States. In the 1950 s, the USDA embarked on an ambitious project to ...