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POPEYES LOUISIANA KITCHEN, INC.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2016 10-K, filed Feb 22, 2017. Its latest SEC filing is a SC 13G/A from Feb 13, 2018.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Operated quick-service chicken restaurants for diners and franchised Popeyes restaurants to restaurant operators.

How Did They Make Money?

Diners paid cash for food and drinks at company-operated restaurants. Franchisees paid royalties based on restaurant sales, plus development, opening and renewal fees; development and opening fees became revenue when restaurants opened or related requirements were completed.

revenue

Who Were Their Customers?

Restaurant operators signed franchise agreements with Popeyes, while diners bought meals at company-operated and franchised restaurants.

Did Revenues Turn Into Profits?

Yes. It kept 16 cents of every revenue dollar as net income in .

Operating income,
28% of revenue
▲ 0% vs ($74.3M, 29%)
Net income,
16% of revenue
▼ −3% vs ($44.1M, 17%)

How Were They Changing?

Since the FY2016 annual report
  • Mar 27, 2017 Popeyes was acquired and became an indirect, wholly owned subsidiary. Popeyes requested that NASDAQ suspend trading and delist its shares.
  • Mar 2, 2017 Popeyes announced CEO Cheryl Bachelder would step down at acquisition closing.

Grew. Revenue grew 50% in 4 years, from $178.8M in to $268.9M in , about 11% a year.

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