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Bojangles’ stock skyrockets despite weaker sales

Discounting by competitors takes toll on traffic, but company response gets traction

Bojangles’ stock skyrocketed on Thursday, despite slowed sales in the fourth quarter, after the Charlotte, N.C.-based quick-service chicken chain beat Wall Street earnings expectations.

The company reported net income of $7.8 million, or 22 cents per share, in the quarter ended Dec. 25, a decrease from $7.9 million the previous quarter, before the chain’s May initial public offering. Still, it bested analyst expec

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