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Thursday, Aug 22
Popeyes bucks weak fast-food restaurant trends
- AFC Enterprises (AFCE +5.5%) says same-store sales at Popeyes restaurant rose 4.3% in the U.S. and 5.8% internationally during Q2.
- The quarter marked the 13th in a row with positive same-store sales, an impressive trend in a dull QSR market.
- The company expects EPS to fall in the upper end of its FY13 guidance on $1.37-$1.42 forecast.