Popeyes parent lowers annual outlook

ATLANTA AFC Enterprises Inc., franchisor or operator of 1,881 Popeyes Chicken & Biscuits restaurants, posted a 10.2-percent year-over-year increase in profit for its third quarter on an 8-percent jump in revenue. However, weaker-than-expected same-store sales in the third quarter and soft sales projections for the remainder of the year led the company to reduce its annual per-share earnings projection by as much as 5 cents.

AFC said it expects annual same-store

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