Sticking To Basics Pays Off For Popeyes

Popeyes Louisiana Kitchen Co. is having a good year.

In its just-released second-quarter results, the Atlanta company reported 2,443 restaurants, a jump of 8% from its 2,262 store count for the comparable period in 2014. In the most recent quarter, the Popeyes system opened 37 restaurants, including 18 domestic and 19 international restaurants. The chain has units in 48 states, 27 countries and three territories overseas.

Popeyes anticipates another 115-150 net new-restaurant openings for the rest of 2015, taking it to its full year goal of 220-225 new-unit openings, including roughly 85-95 international stores. Capital expenditures for the year of $15 to $20 million, including approximately $12.5 million for company-operated restaurant development and relocation.