Popeyes takes market share from KFC

Shares of Popeyes Louisiana Kitchen (PLKI +10.7%) shoot higher after the company beats estimates with its FQ1 report.

The company showed stronger sales trends than rivals with a 4.5% rise in global comparable-store sales. By comparison, the KFC division of Yum Brands (YUM +0.1%) showed a 4% drop in comp sales in the U.S. during its last quarter.

Popeye's improved its market share of the domestic chicken-QSR segment by 210 bps to 22.3% over the last year.

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