UPDATE 1-TABLE-AFC Enterprises Q2 earnings rise; gives outlook

Wed Aug 22, 2007 6:15pm EDT
 
[-] Text [+]
 (Adds outlook)
 Aug 22 (Reuters) -
                          AFC ENTERPRISES INC (AFCE.O)
  (In $)                         Latest    Yr ago qtr
 EPS (diluted)                    0.22     0.17
 Net (million)                     6.6      5.1
 Total revenue (million)          38.3     34.4
 Reuters Estimates: EPS $0.18, revenue 39.3 million
 --For fiscal 2007, the franchisor and operator of Popeyes
Chicken & Biscuits expects net earnings to be at the lower end
of its prior view of 81 cents to 85 cents a share.
 --The company said in the third quarter, it expects
same-store sales to fall 1 percent to 2 percent and to be
relatively flat in the fourth quarter.
 --AFC said it expects total domestic same-store sales for
full year 2007 to fall about 2 percent compared with its
previous outlook of flat to slightly negative.
 --For fiscal 2007, analysts on average were expecting
earnings of 85 cents a share, excluding items, according to
Reuters Estimates.
 (Reporting by Nachiket Kelkar in Bangalore)


 

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