Popeyes

January Retail Sales Rise, Rbi To Buy Popeyes, Food Away From Home Leads Consumer Price Index Increase And Whole Foods Intros Fast-casual

... Industrial production fell 0.3 percent in January after rising 0.6 percent in December. Manufacturing output rose 0.2 percent and mining rose 2.8 percent but the index for utilities fell 5.7 percent, largely because of unseasonably warm weather. The Federal Reserve also reported that Capacity Utilization for the industrial sector fell 0.3 percentage points in January to 75.3 percent, a rate that is 4.6 percentage points less than its long-run (1972-2016) average. The Empire State Manufacturing Survey Index rose to its highest level in almost two years. The General Business Conditions Index shot up 12.2 percentage points for a reading of 18.7. The New Orders Index increased 10.4 percentage points for a total of 13.5. The Shipments Index totaled 18.2, an increase of 10.9 percentage points. The Unfilled Orders Index turned positive for the first time since 2011 with a January reading of +8.2, up from -1.7. Any reading that’s more than zero indicates expanding activity. The Philadelphia Federal Reserve’s Manufacturing Survey jumped to 43.3 in February, up from 23.6 in ...

Burger King, Tim Hortons Owner Adding Popeyes To Holdings

... from its average price on Feb. 10, 2017. The Canadian Press via AP, File Sean Kilpatrick. Order Reprint of this Story. NEW YORK. The parent company of Burger King and Tim Hortons is buying Popeyes for $1.8 billion, with plans to accelerate the growth of the fried chicken chain. Such a move fits Restaurant Brands International's strategy of taking over well-known fast-food chains that it believes have the potential for wider expansion. While Popeyes has a presence in almost every state, its locations now are concentrated in the eastern half of the continental U. S. Josh Kobza, Restaurant Brands' chief financial officer, said Tuesday the company plans to speed up Popeyes' expansion, as it has done with Burger King. Restaurant Brands was created after Burger King, controlled by Brazilian investment firm 3 G Capital, bought Tim Hortons in 2014. The corporate name it took signaled the company's aim of expanding its stable of ...

Buzz-u.s. Stocks On The Move-kraft, Unilever, Popeyes, Eyegate

... 80 6749 1130; Reuters Messaging: __link__ ) Keywords: MARKETS USA STOCKS/PULSE. Interactive Charts. Default Setting. Please note that once you make your selection, it will apply to all future visits to __link__. If, at any time, you are interested in reverting to our default settings, please select Default Setting above. If you have any questions or encounter any issues in changing your default settings, please email __link__. Please confirm your selection. You have selected to change your default setting for the Quote Search. This will now be your default target page; unless you change your configuration again, or you delete your cookies. Are you sure you want to change your settings. We have a favor to ask. Please disable your ad blocker (or update your settings to ensure that ...

Burger King Owner To Buy Popeyes Louisiana Kitchen For $1.8 Bln

... closing conditions, including receipt of certain regulatory approvals and receipt of a majority of Popeyes shares on a fully diluted basis in a tender offer to Popeyes' shareholders. Following the successful completion of the tender offer, Restaurant Brands will acquire all remaining shares not tendered in the tender offer through a second-step merger at the same price. The transaction is expected to close by early April 2017. by RTT Staff Writer. Germany Tells Parents To Destroy Dolls That Might Be Spying On Kids. Federal Network Agency (Bundesnetzagentur) has asked parents who bought the popular My Friend Cayla doll to destroy the toy or disable its wireless connection. The Bundesnetzagentur has banned the unauthorized wireless transmitting equipment in a children's toy and has already removed the product. IPO Watch: Aramco Wants To List On NYSE, Reports Say. Saudi Arabia is reportedly considering to list its state-run oil behemoth Saudi Aramco in New York Stock Exchange. According to a WSJ report, citing people familiar with the matter, Aramco prefers to float its shares on the NYSE, or in London or Toronto after discussion to list on an Asian stock exchange. ...

Woman Claims Flesh-eating Screwworms Ate Her ‘from The Inside Out

... and X-rays supplying the fire. The government raised young screwworms by the millions, and bombarded the larvae with gamma and X-rays. Thus rendered infertile, the adult flies were released en masse across the Southeast and West. By the end of the 1950 s, a “ fly factory ” in Sebring, Fla., churned out 50 million sterile flies a week. Unable to find fecund mates, the U. S. screwworm population crashed, first in pockets and then across the country. By the end of the 1960 s, the fly had vanished from the United States. In each subsequent year, the lack of screwworms has saved the livestock industry $900 million , according to a U. S. Department of Agriculture estimate. The Agriculture Department also set its sights southward, helping eliminate the flies in Jamaica, Mexico and parts of Central America. Panama  marks the “buffer zone” between the fly zones in South America and the screwworm-free north, Edward B. Knipling, the son of the entomologist who came up with the birth control plan, told  NPR in June. U. S. infections since the eradication effort have been isolated cases, typically the ...

Woman Sues Popeyes For Contracting Flesh-eating Parasite, No One Believes Her

... lawsuit , Karen Goode is asking for “damages in excess of $1,000,000” because of a rice and beans dish that she alleges contained a worm that “embedded in the interior lining of (her) small intestine” and “began to eat (her) alive from inside-out,” causing neck, digestive tract, shoulder, and arm injuries. READ MORE: A Guy Is Suing Popeye’s Because You Can’t Eat Fried Chicken With A Spork. But her Popeyes woes don’t end there, according to the suit. Goode also claims to have been “ravaged” by E. coli, Helicobacter Pylori, and the mental anguish that ensued. The chicken chain isn’t buying it though, according to a recent statement. “We don’t discuss details of litigation, but we can tell you that we understand that, while investigating this matter, the franchisee has worked with outside ...

Popeye's And Restaurant Brands

... was becoming a leader in the space. The name was profitable and repurchasing shares. Shareholders were just given a 27% premium. I hope you cashed in and made some good money on this one. Note from the author: Quad 7 Capital has been a leading contributor with Seeking Alpha since early 2012. If you like the material and want to see more, scroll to the top of the article and hit "Follow." Quad 7 Capital also writes a lot of "breaking" articles, which are time-sensitive, actionable investing ideas. If you would like to be among the first to be updated, be sure to check the box for "Get Email alerts" under "Follow.". Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. About this article. Author payment: $35 + __link__/page view. Authors of PRO ...

Burger King's Parent Company To Buy Popeyes

... Brands International says it's buying Popeyes for $1.8 billion, bringing the chicken chain under the same corporate umbrella as Burger King and Tim Hortons. Tuesday, February 21 2017 10:05 PM EST 2017-02-22 03:05:43 GMT. Lafayette Consolidated Government. At tomorrow's council meeting, the City Parish Council will consider the final repeal of a 2010 ordinance that tried to charge downtown bars to pay for police presence on weekends. Tuesday, February 21 2017 6:07 PM EST 2017-02-21 23:07:01 GMT. Photo courtesy of the victim. Scott Police are trying to figure out who broke into cars during Sunday's parade.   Investigators say someone broke the windows of two cars and stole women's purses that were left behind on the seat. Tuesday, February 21 2017 5:17 PM EST 2017-02-21 22:17:54 GMT. Courtesy ...

Why A Buyout Makes Sense For Popeyes

... at cutting G&A. G&A per Burger King unit is expected (cons.) to be only $11 k in ’17 vs. the asset-light QSR avg. of $30 k and our PLKI est. of $34 k. In the first full year after acquiring Burger King (announced 9/2/10), 3 G Capital lowered G&A by 38%. The reductions were driven by a zero-based budgeting, or ZBB (starting each budget year with a blank slate) and refranchising company units (not a large opportunity at PLKI with 55 company store of 2,688). For perspective, we expect PLKI’s G&A to be roughly equal to its EBITDA in ’18 ($106.7 M vs. $103.7 M) such that a given % drop in G&A would translate into a similar increase in EBITDA. PLKI has long seen the opportunity to be the “challenger brand” for chicken QSR internationally, as there are in the hamburger and pizza and segments. By refining its marketing message, investing in TV advertising and signing new franchisee agreements, PLKI has been setting the stage for strong growth. PLKI’s unit growth has accelerated in recent years and reached a “point of inflection” according to mgmt. We expect 12.7% int’l unit growth in ’17 vs. 5.2% in the US. While this is strong, the addition of QSR’s system ...

Burger King Company May Buy Fried Chicken Chain

... Brands did not immediately respond to a request for comment. STOCK PRICE FOR PLKI. Full price information. Popeyes shares jumped 14 percent in New York, reaching a record $75.30 and giving the company a market capitalization of around $1.6 billion. Restaurant Brands shares rose 4 percent to C$70.12 in Toronto, giving that company a market capitalization of C$32.34 billion. Popeyes, whose fans include pop singer Beyoncé, began 45 years ago as a Southern-fried "Chicken on the Run" restaurant in a New Orleans suburb. It has since expanded to more than 2,000 restaurants, of which 1,600 are in the United States. The company has benefited from strong customer loyalty, as well as from a restaurant refurbishment program. Chicken accounts for about 10 percent of the fast-food industry, according to data service IBISWorld, and Popeyes' market share is growing. ...

Burger King Owner To Buy Popeyes Fried Chicken For $1.8b

... to an estimate released in January. That came after same-store sales growth of 5.9% in 2015. "The key to long-term success at Popeyes will be a focus on guest satisfaction and franchise profitability," Restaurant Brands CEO Daniel Schwartz said in a conference call. "The team has done a great job setting the foundation for future growth.". The deal marks the latest in a series of moves that bear the hallmarks of Brazilian investment firm 3 G Capital's approach to financial restructuring. Known for targeting acquisitions for revenue growth and cost cutting, 3 G Capital, which engineered the Burger King acquisition of Tim Hortons, controls about 42.6% of the voting shares in Restaurant Brands, according to a public filing. The investment firm, paired with investor Warren Buffett's Berkshire Hathaway, previously helped engineer the merger of Kraft and Heinz. It was not immediately clear whether Restaurant Brands plans to close any locations, cut any jobs, combine any corporate operations or merge purchasing operations. The company did ...