Popeyes parent lowers 4Q outlook on declining consumer confidence

Popeyes parent lowers 4Q outlook on declining consumer confidence

The company adjusts its expectations despite strong third-quarter performance.

Efforts to revitalize the Popeyes Louisiana Kitchen chicken brand continued to pay off in the third quarter, but parent company AFC Enterprises Inc. warned that declining consumer confidence could moderate sales in the fourth quarter and narrowed its expectations for the year.

In a call with Wall Street analysts on Thursday following the report of a 30-percent increase in net profit for the October-ended third quarter<

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