Popeyes 4Q profit drops 18.6%

Popeyes 4Q profit drops 18.6%

Net income for fiscal 2013 rose 12.2 percent

Popeyes Louisiana Kitchen Inc.’s fourth-quarter net income fell 18.6 percent in the fourth quarter ended Dec. 29. Net income for fiscal 2013 rose 12.2 percent, to $34.1 million.

The quick-service operator and franchisor opened 194 restaurants over the course of the year: 124 domestic units and 70 international locations, compared with 141 restaurant openings in fiscal 2013. The company opened 126 net units, compared with 66 net locations the previous year.

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