Popeye's Louisiana Kitchen lower after cutting same-store sales guidance

Aug. 17, 2016 10:02 AM ETRestaurant Brands International Inc. (QSR), QSR:CABy: Clark Schultz, SA News Editor
  • Popeye's Louisiana Kitchen (PLKI -10.6%) slumps after posting in-line results for Q2.
  • A cut in the company's same-store sales guidance to a range of +1% to +2% vs. +2% to +3% prior is impacting sentiment.
  • The restaurant chain also pulled back on its store expansion target.
  • Previously: Popeyes Louisiana Kitchen EPS in-line, misses on revenue (Aug. 16)

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