Bojangles restaurant

Bojangles' CEO: No plans to participate in 'discounting war'

Chain's profits surge on higher sales and lower costs, but “competitive discounting” hurts April same-store sales

Bojangles’ Inc. spent less in the first quarter on food and labor and generated higher sales, yielding strong profits at the Charlotte-based chicken chain.

Same-store sales increased 2 percent in the period ended March 27, the company said this week, while net income more than doubled to $7.8 million, or 21 cents per share, from $3.4 million or 9 cents in the same period a year ago.

It was the 24th straight quarter of same-store sales growth for the chain.

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