popeyes louisiana kitchen inc .
why popeyes louisiana kitchen inc. stock jumped 25% in february - - the motley fool
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* the bar in red indicates where popeyes louisiana kitchen inc' s gross profit falls into .
cheryl bachelder to step down as ceo of popeyes louisiana kitchen, inc. upon closing of transaction with restaurant brands international inc .
popeyes louisiana kitchen is a developer, operator and franchisor of quick - service restaurants under the trade name, popeyes louisiana kitchen and popeyes chicken & biscuits. in january 2014, afc enterprises changed its corporate name to popeyes louisiana kitchen .
popeyes louisiana kitchen inc' s gross profit for the quarter that ended in dec. 2016 is calculated as
® 2016 popeyes louisiana kitchen, inc. all rights reserved. all trademarks belong to their respective owners .
popeyes lousiana kitchen, inc. makes domestic progress @ themotleyfool # stocks $ plki
cheryl bachelder to step down as ceo of popeyes louisiana kitchen, inc. upon closing of transaction with restaurant brands international inc. | business wire
why popeyes louisiana kitchen inc. stock jumped 25% in february @ themotleyfool # stocks $ qsr, $ plki
popeyes louisiana kitchen inc' s gross profit for the fiscal year that ended in dec. 2016 is calculated as
popeyes louisiana kitchen inc' s gross margin% for the quarter that ended in dec. 2016 is calculated as
restaurant brands in deal to acquire popeyes louisiana kitchen for $ 1. 8 billion
popeyes louisiana kitchen' s current market capitalization is $ 1. 7 b .
signage is displayed outside a popeyes louisiana kitchen inc. fast food restaurant in jeffersonville, indiana, u. s .
on february 24, 2017, popeyes louisiana kitchen inc (nasdaq: plki) shares closed at $ 79. 04 per share .
popeyes louisiana kitchen inc (nas: plki) gross profit: $ 178. 2 mil (ttm as of dec. 2016 )
restaurant brands (qsr) to buy popeyes louisiana kitchen (plki) for $ 1. 8b
terms of use | privacy policy © 2018 popeyes louisiana kitchen, inc. all rights reserved. all trademarks belong to their respective owners .
popeyes louisiana kitchen inc' s gross profit for the three months ended in dec. 2016 was $ 41. 7 mil. popeyes louisiana kitchen inc' s gross profit for the trailing twelve months (ttm) ended in dec. 2016 was $ 178. 2 mil .
on february 21, 2017, restaurant brands international inc. (nyse / tsx: qsr, tsx: qsp) and popeyes louisiana kitchen inc (nasdaq: plki) announced that the companies have reached an agreement for restaurant brands international inc to acquire popeyes louisiana kitchen inc for $ 79. 00 per share in cash, or $ 1. 8 billion .
media inquiries: popeyes louisiana kitchen, inc. renee kopkowski, 404 - 459 - 4630 vice president, brand communications renee. kopkowski @ urltoken
popeyes louisiana kitchen inc had a gross margin of 68. 36% for the quarter that ended in dec. 2016 = > durable competitive advantage
february 24, 2017 (shareholders foundation) - an investigation on behalf of investors, who currently hold shares of popeyes louisiana kitchen inc (nasdaq: plki), was announced concerning whether the takeover of popeyes louisiana kitchen inc by restaurant brands international inc for $ 79. 00 per share is unfair to nasdaq: plki stockholders .
/ prnewswire / - restaurant brands international inc. (
rbi
) (nyse / tsx: qsr, tsx: qsp) and popeyes louisiana kitchen, inc. (
popeyes
) (nasdaq :
terms of use | privacy policy popeyes® louisiana kitchen © 2013 afc enterprises, inc. all rights reserved. all trademarks belong to their respective owners .
popeyes louisiana kitchen inc and restaurant brands international inc have reached an agreement for the former to be acquired by the latter. the deal will have qsr paying $ 1. 8 billion for plki .
popeye' s louisiana kitchen *. serve up the louisiana kitchen' s famous fried chicken. delicious, healthy and balanced meals healthy eating your way... .
popeye' s louisiana kitchen. human resources manager job responsibilities: ... .
gross margin% is calculated as gross profit divided by its revenue. popeyes louisiana kitchen inc' s gross profit for the three months ended in dec. 2016 was $ 41. 7 mil. popeyes louisiana kitchen inc' s revenue for the three months ended in dec. 2016 was $ 61. 0 mil. therefore, popeyes louisiana kitchen inc' s gross margin% for the quarter that ended in dec. 2016 was 68. 36% .
restaurant brands international inc. said it' s buying popeyes louisiana kitchen inc. for $ 1. 8 billion, bringing the fried chicken chain under the same corporate umbrella as burger king and tim hortons .
if you purchased shares of popeyes louisiana kitchen inc (nasdaq: plki) and currently hold any of those nasdaq: plki shares, you have certain options and you should contact the shareholders foundation, inc .
restaurant brands international inc. of oakville, ont. , has received enough shares of popeyes louisiana kitchen, inc. to complete its us $ 1. 8 - billion friendly takeover of the fast food chain .
principal competitors: boston chicken, inc. ; burger king corporation; chick - fil - a inc. ; cke restaurants, inc. ; international dairy queen, inc. ; kfc; mcdonald' s corporation; new world coffee - manhattan bagel, inc. ; schlotzsky' s, inc. ; starbucks corporation; subway; tricon global restaurants, inc. ; wendy' s international inc .
( reuters) - restaurant brands international inc, owner of the burger king and tim hortons fast - food chains, is nearing a deal to acquire popeyes louisiana kitchen inc, people familiar with the matter said on monday .
has no position in any stocks mentioned. the motley fool recommends popeyes louisiana kitchen. try any of our foolish newsletter services
a popeyes restaurant im miami. restaurant brands international has announced plans to buy popeyes louisiana kitchen in a deal valued at $ 1. 8 billion .
the investigation by a law firm concerns whether certain officers and directors of popeyes louisiana kitchen inc breached their fiduciary duties owed to nasdaq: plki investors in connection with the proposed acquisition .
restaurant brands international inc says that it plans to keep popeyes louisiana kitchen inc independently managed in the united states following the completion of the deal. it plans to quickly expand the restaurant chain’s presence in the u. s. and other countries .
be apart of a brand new restaurant as popeyes louisiana kitchen will be opening june 11th! new popeyes in greenville is now hiring! ! *... .
and popeyes louisiana kitchen. whether you’re a cashier, working the drive thru, front of the house staff, or in the kitchen, you and your team will be the ...
restaurant brands international inc. (nyse: qsr) and popeyes louisiana kitchen, inc. (nasdaq: plki) announced today that the companies have reached an agreement for rbi to acquire popeyes for $ 79. 00 per share in cash, or $ 1. 8 billion .
popeyes louisiana kitchen *. currently we are seeking dynamic results driven leaders who have an entrepreneurial spirit and value outstanding customer service ...
popeye' s louisiana kitchen. crew member - popeyes. gilligan' s success is due to our incredibly talented people! ...
popeyes louisiana kitchen, inc. develops, operates and franchises quick - service restaurants under the trade names popeyes chicken and biscuits and popeyes louisiana kitchen. the company operates through two business segments: franchise operations and company - operated restaurants. the franchise segment consists of domestic and international franchising activities. the company - operated restaurants segment engages in the operation of company owned restaurants .
the brazilian private equity firm controls restaurant brands international inc. — the oakville, ontario - based parent to the coffee and hamburger chains — which on tuesday added fried chicken to the mix with a us $ 1. 8 billion cash deal to buy popeyes louisiana kitchen inc .
oversee kitchen activities. popeyes is an eoe. forty - six years ago in new orleans, louisiana, a taste sensation was born... .
popeye' s louisiana kitchen. district managers are the people in charge of entire regions where multiple stores operate... .
parent company of popeyes - - al copeland enterprises, inc. - - buys churchs chicken chain .
america' s favorite chicken company, inc. is created as new parent company to popeyes and churchs .
popeyes louisiana kitchen' s revenue was reported to be $ 268. 90 m in fy, 2016 which is a 3. 8% increase from the previous period .
) - - popeyes louisiana kitchen, inc. (nasdaq: plki) today announced that cheryl bachelder will be stepping down as ceo at the closing of the company’s previously announced transaction with restaurant brands international inc. (“rbi”) (tsx / nyse: qsr, tsx: qsp). a new popeyes leader will be named by rbi at that time .
popeyes louisiana kitchen has 97. 46k number of twitter followers. the number of followers has grown 0. 1% month over month and grown 1. 7% quarter over quarter
popeyes louisiana kitchen has 887. 45k number of facebook likes. the number of likes has grown 0. 1% month over month and grown 0. 3% quarter over quarter
stock analysis based on fundamentals means looking at financial statements in addition to the popeyes louisiana kitchen stock price. the key financial statements of a company are the income statement, the balance sheet and the cash flow statement. the income statement is generated for a specific period of time, typically a year or a quarter. the revenue increase to $ 268. 9m for 2016 impacts the plki stock. investors typically check year over year or quarter over quarter revenue growth. one also needs to look at popeyes louisiana kitchen assets, operating expenses and popeyes louisiana kitchen free cash flow. the popeyes louisiana kitchen profit and loss statement shows revenue of $ 268. 9m for 2016. revenue has grown by 3. 82% yoy for plki stock .
the $ 1. 8 - billion price for popeyes louisiana kitchen inc will have restaurant brands international inc paying $ 79 per share in cash for the fried chicken restaurant chain. this is a 27% premium to plki’s 30 - trading day volume weighted average price as of feb. 10, which was when talk of the acquisition reached the media .
chesapeake bagel bakery is sold to new world coffee - manhattan bagel, inc .
principal subsidiaries: afc properties; seattle coffee company; cinnabon international, inc .
08: 30 et restaurant brands international inc. announces duncan fulton as ...
the income statement is also called the profit and loss statement. apart from the plki income statement, one can check the popeyes louisiana kitchen historical stock prices to check how the price has moved with time .
the deal between popeyes louisiana kitchen inc and restaurant brands international inc is expected to close in early april 2017. however, it will first need to complete customary closing conditions. this includes regulatory approval and obtaining majority shares in a tender offer to plki shareholders. once this is complete, qsr will obtain all other outstanding shares for the same price via a a second - step merger .
popeye' s louisiana kitchen. a crew member is responsible for preparation and cooking of food products and for the care and cleanliness of the equipment in the ...
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popeye' s louisiana kitchen develops, operates, and franchises quick - service restaurants under the trade names popeyes chicken & biscuits and popeyes louisiana kitchen, offering a unique
louisiana
style menu that features spicy chicken, chicken tenders, fried shrimp and other seafood, red beans and rice and other regional items. as of dec 27, 2015, the company operated 70 restaurants, and franchisees operated 1, 900 domestic restaurants and 569 international restaurants in 48 states, the district of columbia, and 27 foreign countries .
how pandora media inc. shares soared 63. 5% higher in the first half of 2018
popeye' s louisiana kitchen. the
crew
member must always be warm and sincere to the guests while performing the required tasks in a quick and efficient manner, ...
©2014 the soul rebels brass band, inc. • all rights reserved / website design & development by
shares of popeyes louisiana kitchen spiked 19 percent, hitting an all - time high, on tuesday after burger king and tim horton' s owner restaurant brands international said it will acquire the company in a deal valued at $ 1. 8 billion .
marathon patent group inc (nasdaq: mara) ’s share price reached a new 52 - week ...
shares of oramed pharmaceuticals, inc. (nasdaq: ormp) hit a new 52 - week low during ...
3g capital’s long - time partner, warren buffett’s berkshire hathaway inc, committed $ 3 billion of preferred equity to finance that deal .
, chief executive officer of popeyes, said ,
i am proud of the superior results the popeyes team has delivered in recent years; they have served all stakeholders well. as popeyes enters its 45
top line: the word topline comes from the fact that the first line of an income statement refers to sales numbers. if you check you will find that plki stock has a topline or revenue of $ 268. 9m for 2016 as per this popeyes louisiana kitchen revenue chart. investors look for stocks with a growing top line .
the deal, which will likely value popeyes at more than $ 1. 7 billion, is a bet by oakville, ontario - based restaurant brands that it can use its international reach to introduce popeyes’ louisiana - style fried chicken and buttermilk biscuits to more diners globally .
restaurant brands was formed in 2014, when 3g capital - backed burger king acquired canadian coffee and doughnut chain tim hortons inc for $ 11 billion .
we marinate our seafood in authentic louisiana seasonings and spices and serve it up crispy in our unique southern style breading. get the details > >
restaurant brands international inc’s, the owner of burger king and tim hortons, will be using cash on hand and funds from a commitment for the deal .
financial market data powered by financialcontent services, inc. all rights reserved. nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes .
however, the investigation concerns whether the offer is unfair to nasdaq: plki stockholders. more specifically, the investigation concerns whether the popeyes louisiana kitchen board of directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale .
the burger king® and tim hortons® brands are owned by restaurant brands international inc. , one of the world' s largest quick service restaurant companies with more than
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 .
restaurant brands and popeyes did not immediately respond to cnbc' s request for comment .
hungry? order popeyes fine chicken online now for delivery to your home or office .
kitchen cook / food prep. responsible for cooking and prepping foods. responsible for cleaning your work area and making sure things are ready for the next ...
burger king' s parent is buying the popeyes chicken chain for $ 1. 8 billion
fisher, christy,' popeyes touts new orleans,' advertising age, march 4, 1991 .
liesse, julie,' popeyes muscles in,' restaurants and institutions, january 1, 1983 .
et' s fasten our bibs and dig in to what popeyes accomplished over the past three months .
whether spicy or mild, our bonafide™ chicken is marinated for at least 12 hours, then hand - battered, hand - breaded and bursting with bold louisiana flavour. get the details > >
under 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 popeyes .
rbi announced feb. 21 that it would pay us $ 79 per popeyes share, sending up the chicken chain' s stock about 19 per cent that day. popeyes stock closed friday at $ 78. 98 .
donovan, sharon,' popeyes strums cajun theme in chicken,' advertising age, july 15, 1985 .
rbi says it has received enough of popeyes shares to take over the company. (carlos barria / reuters )
popeyes currently has more than 2, 600 restaurants, with 621 international locations. rbi has said it plans to accelerate popeyes' growth in the u. s. and beyond, using an approach used by burger king .
schoifet, mark,' copeland beefs up popeyes,' nation' s restaurant news, july 8, 1985 .
popeyes shares surged 19 per cent to us $ 78. 73 on the nasdaq, just below the offer price .
“cheryl created a collaborative culture among franchisees and the restaurant support team. it' s been a true partnership that turned out to be the secret to success for popeyes, ” said howard mangen, president of the popeyes international franchisee association. “her leadership approach was a welcome one and led to an exciting and profitable 10 years for the popeyes brand. ”
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 popeyes .
“the board of directors and i are deeply grateful to cheryl for her leadership of this enterprise, ” said john cranor, chairman of the popeyes board of directors. “cheryl’s collaborative and engaging approach to the business has driven a decade of success for the popeyes brand and enabled the company to achieve outstanding results, putting popeyes at the top of the quick - service restaurant industry. she has been a great mentor to many, and leaves popeyes strong in this 45th anniversary year. ”
restaurant brands will pay $ 79 a share in cash for the popeyes restaurant chain, a 27 percent premium to popeyes 30 - trading day volume weighted average price of feb. 10, the last trading day before media speculation of the deal .
the 45 - year - old popeyes, with more than 2, 600 locations in the u. s. and 25 other countries, has for months been considered a potential target for restaurant brands. other companies rumoured to be of potential interest include privately - held subway and berkshire hathaway inc. ’s dairy queen, particularly because warren buffett is fond of partnering with 3g .
alva, marylin,' popeyes pops hard - sell ads,' nation' s restaurant news, july 20, 1987 .
marshall, christy,' popeyes fights off kfc with fast, spicy chicken,' advertising age, july 10, 1978 .
just over a week later, however, popeyes stock popped more than 19% as the acquisition was formally announced. when all was said and done, restaurant brands international had agreed to pay $ 79. 00 per share in cash for popeyes, or roughly $ 1. 8 billion, representing a healthy premium of 27% over popeyes' unaffected 30 - day average trading price .
hey canadians, the tim hortons, popeyes tie - up is going to happen — in a $ 1. 8 billion cash deal
. both rbi and popeyes wish to caution readers that certain important factors may have affected and could in the future affect their actual results and could cause their actual results for subsequent periods to differ materially from those expressed in any forward - looking statement made by or on behalf of rbi or popeyes. neither rbi nor popeyes undertakes any obligation to update forward - looking statements to reflect events or circumstances after the date hereof .
this announcement is neither an offer to purchase nor a solicitation of an offer to sell any securities. the solicitation and the offer to buy shares of popeyes’ common stock is being made pursuant to an offer to purchase and related tender offer materials that orange, inc. has filed with the securities and exchange commission (“sec”) on february 27, 2017. orange, inc. has filed a tender offer statement on schedule to with the sec on february 27, 2017 and popeyes has filed a solicitation / recommendation statement on schedule 14d - 9 with the sec on february 27, 2017 related to the tender offer. the tender offer statement (including an offer to purchase, a related letter of transmittal and other tender offer documents) and the solicitation / recommendation statement contain important information that should be read carefully before any decision is made with respect to the tender offer. those materials have been sent to popeyes’ shareholders and may also be obtained at no charge by contacting mackenzie partners, inc. at (212) 929 - 5500 (collect) or (800) 322 - 2885 (toll free). in addition, all of those materials (and all other offer documents filed with the sec) are available at no charge on the sec’s website at urltoken .
- - - - - -,' popeyes abandons home - delivery test,' nation' s restaurant news, march 30, 1987 .
the deal gives popeyes shareholders $ 79 a share, a 19% premium from its friday closing price. (mark lennihan / associated press )
popeyes general manager *. currently we are seeking dynamic results driven leaders who have an entrepreneurial spirit and value outstanding customer service for ...
the transaction is expected to close by early april 2017. following the closing, popeyes will continue to be managed independently in u. s .
popeyes has generated $ 43 million in free cash flow through the first three quarters of 2016, up 16. 2% year over year .
- - - - - -,' popeyes tests delivery at 17 southern outlets,' nation' s restaurant news, may 26, 1986 .
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 .
cheryl bachelder, chief executive officer of popeyes, said ,
i am proud of the superior results the popeyes team has delivered in recent years; they have served all stakeholders well. as popeyes enters its 45th year, its success reflects the amazing brand entrusted to us by founder al copeland, sr. and the unique high trust partnership that we enjoy with our franchise owners. rbi has observed our success and seen the opportunity for exceptional future unit growth in the u. s. and around the world. the result is a transaction that delivers immediate and certain value to the popeyes shareholders .
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 .
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- - - - - -,' popeyes rolls little chickadees as kfc readies sandwich blitz,' nation' s restaurant news, june 22, 1987 .
he added that popeyes has
shown stronger performance worldwide in the past two years
compared to restaurant brands' burger king and tim horton' s chains .
popeyes joins two of the world' s most prominent and iconic quick service restaurant brands – burger king® and tim hortons® – as part of the rbi family .
popeyes repurchased 537, 957 shares of common stock during the quarter for $ 30 million, or an average cost of approximately $ 55. 77 per share .
daniel schwartz, chief executive officer of rbi, said ,
popeyes is a powerful brand with a rich louisiana heritage that resonates with guests around the world. with this transaction, rbi is adding a brand that has a distinctive position within a compelling segment and strong u. s. and international prospects for growth. as popeyes becomes part of the rbi family we believe we can deliver growth and opportunities for all of our stakeholders including our valued employees and franchisees. we look forward to taking an already very strong brand and accelerating its pace of growth and opening new restaurants in the u. s. and around the world .
all told, there were no big surprises from popeyes this quarter. rather, investors saw more of the same market - share gains and a return to modest same - store - sales growth in the domestic chicken qsr segment. all the while, popeyes continues its steady global expansion and generous capital returns initiatives. so while the market' s reaction on thursday might not indicate as much, given another selective reduction to guidance, i think popeyes investors should be happy with where their company stands today .
popeyes is a logical target for restaurant brands, which is why its shareholders added some $ 1 billion to its market value on the takeover announcement. though popeyes’ ebitda margin is better than the industry’s, at around 37 percent, it offers restaurant brands room for improvement. sales are also increasing — up 4 percent in the first three quarters of last year — and analysts surveyed by thomson reuters expect growth to continue. as restaurant brands does its margin work on popeyes, the extra juice flows straight to the bottom line .
rbi was advised by paul, weiss, rifkind, wharton and garrison llp. popeyes received financial advice from ubs and genesis capital llc and legal counsel from king & spalding llp .
talk of a potential deal surfaced last week. some suspect restaurant brands could help the georgia - based popeyes reach more global diners while bolstering restaurant brands' already strong roster of restaurants .
as for popeyes investors, note the acquisition is slated to close early next month. so with shares now trading just pennies below the agreed acquisition price - - and unless waiting longer to sell would result in more favorable long - term capital gains tax treatment - - i think popeyes shareholders would be wise to take their profits and put them to work in another compelling stock .
- - - - - -,' afc buys chesapeake, taps luther as popeyes prexy,' nation' s restaurant news, march 10, 1997, pp. 6, 159 .
a popeyes restaurant sign is seen on the intersections of broadway and new orleans a cross the street from the john hopkins hospital in baltimore, maryland november 4, 2015. reuters / carlos barria
the 45 - year - old popeyes, with more than 2, 600 locations in the u. s. and 25 other countries, has for months been considered a potential target for restaurant brands
cheryl joined popeyes in 2006 as a member of the board of directors. in november 2007, she was named ceo, and, in concert with the leadership team, has led a remarkable transformation of the company. the brand today is a strong, thriving louisiana - inspired icon that has become a global presence with nearly 2, 700 restaurants in 26 countries, with a deep bench of talent across the company. importantly, the franchise community has grown and prospered, with top line restaurant sales up 45% and bottom line restaurant operating profit more than doubled .
the parent of tim hortons and burger king says that about 83 per cent of popeyes common stock was tendered to the offer by the deadline, which expired at 11: 59 p. m. on friday .
the transaction is subject to customary closing conditions, including receipt of certain regulatory approvals and receipt of a majority of popeyes shares on a fully diluted basis in a tender offer to popeyes' shareholders. following the successful completion of the tender offer, rbi will acquire all remaining shares not tendered in the tender offer through a second - step merger at the same price. the transaction is expected to close by early april 2017 .
this overview provides highlights of the benefits package for popeyes employees. if any statement conflicts with the applicable plan documents, the applicable documents will govern. the company retains the right to change or eliminate at any time .
net restaurant openings numbered 25, bringing popeyes' total restaurant count to 2, 631 company - operated and franchised locations at the end of the quarter, a 6. 3% year - over - year increase .
in february 1989, churchs agreed to be acquired by al copeland enterprises, inc. for $ 392 million. under the terms of the agreement, $ 11 per share was paid for the first 86. 5 percent of churchs' stock, and the remaining shares were swapped for. 44 shares of newly created preferred stock in the merged company. the new company, named al copeland enterprises, inc. , controlled about 17 percent of the $ 10 billion fried chicken market, but together the two chains were still only about one - third the size of kfc. within a couple months of the takeover, copeland fired 12 percent of churchs' staff, including ernest renaud, the company' s president and chief executive. copeland himself replaced renaud as ceo and also became chairman of churchs' board, while james flynn, president of copeland enterprises, became churchs' president .
a deal could be announced as early as this week, the people said, asking not to be identified because the negotiations are confidential. restaurant brands did not respond immediately to a request for comment, while popeyes decline to comment .
popeyes' domestic market share of the chicken quick - service restaurant (qsr) segment increased to 26. 9% , up from 26. 6% last quarter and 26% at the end of last year' s third quarter .
popeyes has since released its fourth - quarter and full - year 2016 results, confirming global same - store sales climbed 1. 7% last year despite today' s difficult restaurant environment. within that figure, domestic same - store sales rose 1. 4% , marking the chain' s eight straight year of positive same - store sales growth stateside, while international same - store sales grew 4. 4% , good for popeyes' 10th straight year of positive same - store sales growth overseas. meanwhile, popeyes' net restaurant openings last year were 158, bringing its total base at the end of 2016 to 2, 688 locations in the u. s. , three territories, and 25 foreign countries .
we believe the popeyes acquisition would provide restaurant brands a concept that provides steady organic and unit growth in both the north american and overseas markets ,
stephen anderson, an analyst at maxim group, wrote in a research note last week .
after six months of operation, chicken on the run was grossing only $ 1, 100 a week - - $ 900 short of the break - even point - - which prompted copeland to close the store and begin planning for another donut shop. in a last - ditch effort at success in the chicken business, however, he chose a spicier louisiana cajun - style recipe and reopened the restaurant under the name popeyes mighty good fried chicken, after popeye doyle, gene hackman' s character in the film the french connection. in its third week of operation, copeland' s revived chicken restaurant brought in $ 2, 100 of receipts, breaking the profit barrier for the first time .
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® .
popeyes' climb last month actually came in two chunks. first, shares briefly spiked as much as 14% on february 13, 2017, after reuters reported that restaurant brands international had approached the smaller company about striking a deal. but popeyes stock gave up most of those gains as the market digested the caveat from reuters' sources that the two companies had yet to agree on a price, as well as the fact
there [ was ] no certainty that negotiations [ would ] continue .
restaurant brands international, which is based in suburban toronto, makes money from fees it charges franchisees who operate burger king and tim hortons restaurants. it has more than 20, 000 locations globally, and popeyes would give it about another 2, 600 .
the move fits with restaurant brands' approach of taking over well - known fast - food chains it sees as having the potential for significant expansion. the deal gives popeyes shareholders $ 79 per share, representing a 19% premium from its closing price on friday .
the burger king® and tim hortons® brands are owned by restaurant brands international inc. , one of the world' s largest quick service restaurant companies with more than $ 24 billion in system sales and over 20, 000 restaurants. rbi has a proven track record of growing its iconic brands by driving continued system - wide sales growth and expanding its restaurant footprint, while maintaining its focus on delivering great guest satisfaction and strong profitability for its franchise owners. to learn more about rbi, please visit the company' s website at
copeland opened his second popeyes in new orleans about a year later, by which time the original location was selling more than $ 5, 000 worth of chicken a week. by the end of 1974, there were 15 popeyes in operation, and within only two years of opening the second popeyes the number had grown to 24. unable to find a bank willing to finance the chain' s early expansion, copeland relied upon the company' s own cash flow. in 1975, what would become the company' s most popular advertising campaign was launched, featuring the' love that chicken' jingle performed by local musician dr. john. the jingle became wildly popular in new orleans, so much so that it was once spontaneously sung in unison by the superdome crowd at a new orleans saints football game .
one of the things that makes popeyes attractive is the opportunity for expansion, as it only had 621 international locations at the end of 2016. that compares to more than 16, 000 for its biggest competitor, kfc, and upwards of 8, 500 for burger king .
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 .
even more compelling, perhaps, is the fact that popeyes is nearly full franchised, with roughly 98 per cent of its locations operating under this model. restaurant brands has found this approach very successful with tim hortons and burger king, as it generates high margins and strong cash flows .
and the unique high trust partnership that we enjoy with our franchise owners. rbi has observed our success and seen the opportunity for exceptional future unit growth in the u. s. and around the world. the result is a transaction that delivers immediate and certain value to the popeyes shareholders .
even so, popeyes modestly reduced its earnings guidance for the full year and now expects adjusted earnings per share to be near the lower end of its prior $ 2. 10 - to - $ 2. 15 range. meanwhile, popeyes effectively reiterated its guidance for net new restaurant openings this year of 140 to 185 (including 85 to 100 internationally), and for share repurchases of roughly $ 100 million, the midpoint of its previous $ 80 million - to - $ 120 million range. same - store - sales growth is still expected to be in the range of 1% to 2% for the year .
popeyes didn' t offer specific financial guidance last quarter. but for perspective - - and though we don' t pay close attention to wall street' s quarterly expectations - - analysts' consensus estimates predicted lower adjusted earnings of $ 0. 53 per share on slightly higher revenue of $ 64. 9 million .
the most apparent question to us is what does restaurant brands gain from acquiring popeyes ?
andrew charles, a cowen analyst, wrote in a research note last week .
in our view, restaurant brands has not accomplished the primary objective of acquiring tim horton' s, which was growing the brand internationally .
serving each other, our customers and our communities is the foundation of everything at popeyes - you find it in our purpose, the principals we live by and the roadmap that guides our business decisions. we believe our culture of servant leadership sets us apart. it reminds us that “how” we work is just as important as achieving our goals .
following the closing of the transaction, popeyes will continue to be managed independently in the u. s. , while benefitting from the global scale and resources of rbi. building on the momentum of recent years, rbi plans to continue developing the brand at an increasing pace in the u. s. and international markets in the years to come .
on an adjusted (non - gaap) basis, which notably excludes the impact of $ 3. 7 million in asset impairment expenses related to company - owned restaurants, popeyes' net income increased 17. 8% year over year, to $ 12. 6 million, and grew 25. 6% on a per - share basis, to $ 0. 59 .
heritage that resonates with guests around the world. with this transaction, rbi is adding a brand that has a distinctive position within a compelling segment and strong u. s. and international prospects for growth. as popeyes becomes part of the rbi family we believe we can deliver growth and opportunities for all of our stakeholders including our valued employees and franchisees. we look forward to taking an already very strong brand and accelerating its pace of growth and opening new restaurants in the u. s. and around the world .
in november 1990, copeland enterprises announced itself in default on $ 391 million in debts and that it was in danger of bankruptcy if payment was demanded by one of its lenders. the company, operating at a net loss of more than $ 11 million for the first three quarters of the year, failed to make payments due in september of $ 3. 3 million in bridge - loan interest and $ 4. 2 million on principal. by that time, popeyes had overtaken the struggling churchs chain for the number two spot in market share, garnering 11. 4 percent on sales of $ 547 million at 783 stores, to churchs 10. 7 percent on sales of $ 514 million at 1, 163 outlets .
the acquisition of churchs soon proved to be lethal to copeland enterprises. to finance the acquisition, copeland enterprises borrowed about $ 450 million from a group of lending institutions led by the canadian imperial bank of commerce (cibc) and merrill lynch and company. this move, however, created interest costs of at least $ 100, 000 a day and could not be covered by churchs' revenues, which had been declining since 1985 to the point of a $ 14. 5 million loss in 1988. since a far higher percentage of churchs outlets were company - owned than popeyes, copeland enterprises began selling churchs franchises to their managers in an effort to raise money. the drive brought in only $ 21 million, however, and in 1989 copeland enterprises reported a net loss of $ 35. 9 million on revenue of $ 415 million - - a loss due in large part to interest payments of $ 55. 6 million to cibc and merrill lynch .
six concourse parkway suite 1700 atlanta, georgia 30328 - 5352 u. s. a .
' we believe we have an obligation to create economic opportunity in the communities we serve - - an obligation both to those communities and to our business. if we can stimulate genuine economic expansion and opportunity in a community, then in all likelihood we can enhance our own position in that market and make ourselves stronger in the process. to that end, we manage this company under a philosophy that requires us to ask ourselves constantly whether we are doing the most effective job possible of deploying our corporate resources not only to generate a fair return on current investments, but to create economic and human opportunity in the markets we are privileged to serve.' - - frank belatti, chairman and ceo key dates :
churchs fried chicken to go is founded by george w. church, sr. , in san antonio .
andrews, nina,' fried - chicken merger creates no. 2 concern,' new york times, february 17, 1989 .
barrier, michael,' chicken that packs a punch,' nation' s business, july 1989 .
blumenthal, karen,' churchs agrees to be acquired by copeland unit,' wall street journal, february 16, 1989 .
- - - - - -,' copeland says it' s in default on $ 391 million,' wall street journal, november 7, 1990 .
brooks, steve,' a boost up the ladder,' restaurant business, december 10, 1996, pp. 43 - - 44 .
bruno, karen,' copeland makes churchs bid,' nation' s restaurant news, november 7, 1988 .
cebrzynski, gregg,' barbara timm - brock: individual success comes through team success for afc enterprises' new chief product officer,' nation' s restaurant news, january 1999, pp. 36, 40 .
charlier, marj,' spicy cajun,' wall street journal, march 22, 1989 .
fadiman, mark t. ,' the popeye challenge,' forbes, february 13, 1984 .
hamstra, mark,' afc brews export plan for coffee - shop brands,' nation' s restaurant news, february 9, 1998, pp. 1, 74 .
- - - - - -,' afc enterprises: an ongoing evolution,' nation' s restaurant news, august 4, 1997, pp. 51 & plus; .
- - - - - -,' afc set to gobble up cinnabon chain,' nation' s restaurant news, august 31, 1998, pp. 1, 139 .
- - - - - -,' frank j. belatti: expanding afc' s horizons by shooting for the moon,' nation' s restaurant news, october 6, 1997, pp. 146, 148, 236 - - 37 .
hayes, jack,' afc unveils new brands,' nation' s restaurant news, june 13, 1994, p. 1 .
kramer, louise,' holbrook eyes new ideas, expansion at afc,' nation' s restaurant news, september 4, 1995, p. 3 .
ortega, bob,' copeland emerges from bankruptcy minus its founder,' wall street journal, october 21, 1992 .
papiernik, richard,' afc isn' t chicken about positioning company for an ipo,' nation' s restaurant news, march 15, 1999, pp. 11, 80 .
romeo, peter,' copeland ousts renaud, lays off 12% at churchs,' nation' s restaurant news, april 10, 1989 .
- - - - - -,' is it fixed yet? ,' restaurant business, february 10, 1994, p. 56 .
source: international directory of company histories, vol. 32. st. james press, 2000 .
i was born in the 7th ward, and grew up in east new orleans. i went to sarah t. reed high school. although i hail from new orleans, i have been living in houston since 2005, as a result of hurricane katrina .
i went to southern university in baton rouge, majoring in music education. i started playing the trumpet 1988. in 1994, i won an naacp competition in classical music. although classical music is my first love, i started playing jazz in 1994. i became a member of soul rebels in 1998. aside from my work with the soul rebels, i do production work for some local hip hop artists .
get soul rebels news, show information, album details and exclusives updates delivered right to your inbox .
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the fast - food business has become more challenging over the last several years as newer entrants like shake shack and five guys and online ordering outlets threaten the market share of traditional drive - throughs. chains also compete ruthlessly on price. in 2015, for example, wendy’s began a campaign to offer a bacon cheeseburger, nuggets, fries and a drink for just $ 4 .
these secular dynamics make restaurant brands’ performance all the more impressive. not only has the $ 13 billion group created by the merger of burger king and tim hortons been able to increase revenue, albeit slightly, it has substantially trimmed the corporate fat. earnings before interest, taxes, depreciation and amortization, or ebitda, in 2016 added up to roughly 45 cents for every $ 1 item on the menu, versus about half that for the rest of the industry, and a better margin versus the previous year. it’s an impressive cost squeeze considering fast - food chains have a limited amount of pricing power .
restaurant brands could find plenty of other nibbles that have similar deal prospects. wendy’s, bojangles’ and jack in the box are all of similarly digestible sizes and have room for expense management. even the mighty mcdonald’s still holds just about 16 percent of the overall american fast - food market share, according to most recent estimates from euromonitor. that’s a number 3g has ample room to shoot for .
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popeyes louisiana kitchen inc. , previously known as afc enterprises , is located in atlanta georgia . popeyes louisiana kitchen inc. is the franchiser and operator of popeyes restaurants like popeyes chicken and biscuits and popeyes louisiana kitchen . the main goal for popeyes louisiana kitchen inc. is to create investment opportunities by increasing sales and profits for its brand and to create more franchisees support systems for popeyes restaurants . 
popeyes louisiana kitchen inc., previously known as afc enterprises, is located in atlanta georgia. popeyes louisiana kitchen inc. is the franchiser and operator of popeyes restaurants like popeyes chicken and biscuits and popeyes louisiana kitchen. the main goal for popeyes louisiana kitchen inc. is to create investment opportunities by increasing sales and profits for its brand and to create more franchisees support systems for popeyes restaurants.
popeyes louisiana kitchen inc., previously known as afc enterprises, is located in atlanta georgia. popeyes louisiana kitchen inc. is the franchiser and operator of popeyes restaurants like popeyes chicken and biscuits and popeyes louisiana kitchen. the main goal for popeyes louisiana kitchen inc. is to create investment opportunities by increasing sales and profits for its brand and to create more franchisees support systems for popeyes restaurants.