Industry News | January 24, 2001
Popeyes Franchisee Announces Year-End Results
General and administrative expenses for Fiscal Year 2000 were $7,192,666 or 9.3% of sales compared to $3,992,330 or 10.6% for Fiscal Year 1999. The increase was primarily attributable to expenses related to the indirect costs of recent acquisitions of additional stores that were not capitalized and additional personnel needed to support the current growth.
The company reported net income $381,134 or .07 per share for Fiscal Year 2000 as compared to a loss of $146,324 or .03 per share for Fiscal Year 1999.
Popeye's Chicken & Biscuits is the second-largest chicken chain in the world in terms of sales. It offers unique Cajun, or New Orleans, style chicken along with side dishes that include red beans and rice, shrimp and crawfish, as well as mashed potatoes and gravy. The brand has a presence in 40 states and 23 countries worldwide.
Food & Beverage
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