AFC Says All Restaurants Operating Following Hurricane Isaac
AFC Enterprises, Inc. (NASDAQ: AFCE), the franchisor and operator of Popeyes® Louisiana Kitchen restaurants, provided the following update on the effect of Hurricane Isaac on its operations.
Hurricane Isaac forced the temporary closure of 104 Popeyes restaurants for periods of approximately 1 to 5 days. All restaurants have reopened. Consistent with past experience, in the days preceding and following the storm, Popeyes restaurants in the region experienced strong sales volumes. The strong sales largely offset the effects of lost sales due to the temporary closures resulting in an aggregate reduction in the Company's expected net income of less than $60,000.
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