May 27, 2015 5:22 PM | 2 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Shares of
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NASDAQ: PLKI) gained over 2 percent in after-hours trading after the company reported better-than-expected earnings for the first quarter and lifted its outlook for the year.Popeyes now expects full-year earnings of $1.84 to $1.89 per share, versus earlier forecast of $1.83 to $1.88 per share. The company projects same store sales at the top end of its earlier growth forecast of 3.5 percent to 4.5 percent.The Atlanta, Georgia-based company reported a quarterly profit of $13.6 million, or $0.58 per share, versus a year-ago profit of $11.1 million, or $0.46 per share.Its revenue gained 13 percent to $79.5 million from $70.1 million. However, analysts were expecting earnings of $0.54 per share on revenue of $81.38 million.The average estimate among 7 Estimize users was for earnings of $0.54 per share and revenue of $81.42 million.Global same-store sales climbed 7.0 percent in the latest quarter, versus a 4.5 percent gain in the year-ago period. Total domestic same-store sales rose 7.1 percent, while international same-store sales rose 6.1 percent.Total system-wide sales surged 13.7 percent during the quarter.During the quarter, Popeyes repurchased 183,847 shares of its common stock for around $11.0 million.As of the end of the first quarter, Popeyes operated and franchised 2,420 restaurants, versus 2,248 at the end of the year-ago quarter."Popeyes delivered another strong quarter. These results were driven by our menu innovation with Louisiana-inspired food, our compelling messaging and increasing media weights. Our five pillar strategic roadmap, coupled with excellence in execution, continues to deliver consistent results quarter after quarter. The strength and reliability of our performance gives us confidence in our organic growth opportunities, which include investments in human capital and international expansion," commented Cheryl Bachelder, Popeyes' Chief Executive Officer.Popeyes Louisiana Kitchen shares rose 2.34 percent to $59.40 in the after-hours trading session.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.