AFC Enterprises Earnings: Everything You Must Know Now

AFC Enterprises Inc. (NASDAQ:AFCE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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AFC Enterprises Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 48.15% to $0.4 in the quarter versus EPS of $0.27 in the year-earlier quarter.

Revenue: Rose 14.39% to $60.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: AFC Enterprises Inc. reported adjusted EPS income of $0.4 per share. By that measure, the company beat the mean analyst estimate of $0.31. It beat the average revenue estimate of $44.7 million.

Quoting Management: Commenting on the first quarter performance, AFC Enterprises Chief Executive Officer Cheryl Bachelder stated, “We continue to demonstrate both the accelerating momentum of the Popeyes brand and its staying power. We increased our market share and are staying ahead of the broader QSR category in terms of same-store sales growth. We have an effective marketing strategy with innovative menu promotions and improving restaurant operations. This high-performance business model is enabling disciplined growth in domestic and international markets that are awaiting Popeyes arrival.”

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS decreased 0% from $0.40 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.33 to a profit $0.31. For the current year, the average estimate has moved down from a profit of $1.44 to a profit of $1.39 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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