Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  AFC Enterprises, Inc.    AFCE

AFC ENTERPRISES, INC.

(AFCE)
SummaryNewsCompany 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

AFC ENT : Popeyes® Louisiana Kitchen Announces $16 Million in Supply Chain Savings

share with twitter share with LinkedIn share with facebook
share via e-mail
04/14/2011 | 04:50pm EST

Popeyes® Louisiana Kitchen, a division of AFC Enterprises, Inc. (NASDAQ: AFCE), today announced the Popeyes restaurant system achieved a supply chain cost savings of approximately $16 million in 2010. The benefit to franchisees was estimated at one full percentage point improvement in restaurant operating profit margins before rent, compared with the prior year.

"At Popeyes, we are very data centric - collecting and analyzing key information, and identifying those cost-saving solutions that directly and indirectly impact each restaurant's bottom line," said Cheryl Bachelder, president and chief executive officer for Popeyes Louisiana Kitchen. "In the quick-serve restaurant business money is made in slivers of percentages and it is critically important to manage those costs."

A cross-functional team, comprised of Popeyes' supply chain management and finance teams, as well as Supply Management Services (SMS), a supply chain cooperative serving the Popeyes restaurant system, evaluated aspects of company and restaurant-level profitability, from packaging prices and commodity costs to vendor relationships. The team successfully renegotiated key vendor contracts and implemented restaurant efficiency initiatives to achieve the savings.

"Our team works with and seeks valuable input from all aspects and functions of our organization to identify cost-savings opportunities. Working in this cross-functional team allowed us to consider additional costs and raise questions that had never been raised," said Alice LeBlanc, chief global supply chain officer for Popeyes. "We delivered significant savings and while we may not be able to match it every year, we will continue to pursue savings with the same fervor moving forward, while maintaining the high quality food advantage our guests enjoy."

The supply chain cost savings initiative is an integral part of the Company's strategy for greater franchisee and company success. Popeyes' framework for success is centered on four strategic brand pillars: building a distinctive, relevant brand; running great restaurants; strengthening unit economics; and ramping up new unit growth.

About Popeyes® Louisiana Kitchen

Founded in 1972 in New Orleans, Popeyes is a leader in the New Orleans segment of the foodservice industry and is the world's second largest quick-service chicken concept. As of December 26, 2010, Popeyes had 1,977 operating restaurants in the United States, Guam, Puerto Rico, the Cayman Islands and 26 foreign countries. For more information, visit the Popeyes Louisiana Kitchen Web site at www.popeyes.com.

Coltrin & Associates, for Popeyes
Allison Riley, 212-221-1616
allison_riley@coltrin.com
or
Popeyes® Louisiana Kitchen
Alicia Thompson, 678-429-1179
Alicia.Thompson@popeyes.com
or
Karlie Lahm, 404-966-3350
Karlie.Lahm@popeyes.com


© Business Wire 2011
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on AFC ENTERPRISES, INC.
2017POPEYES LOUISIANA KITCHEN : Chief Brand Officer, Dick Lynch, to Step Down Follow..
BU
2017POPEYES LOUISIANA KITCHEN : Cheryl Bachelder to Step Down as CEO of Popeyes Loui..
BU
2017Brower Piven Commences An Investigation Into The Proposed Sale Of Popeyes Lou..
BU
2017POPEYES LOUISIANA KITCHEN, INC. : Reports Fiscal 2016 Earnings Results
BU
2017POPEYES LOUISIANA KITCHEN, INC. Rigrodsky & Long, P.A. Announces Investigatio..
BU
2017Levi & Korsinsky, LLP Announces an Investigation Into Whether the Sale of Pop..
BU
2017Brower Piven Commences An Investigation Into The Proposed Sale Of Popeyes Lou..
BU
2017POPEYES LOUISIANA KITCHEN : Burger King and Tim Hortons owner to buy Popeyes for..
RE
2017POPEYES LOUISIANA KITCHEN, INC. : Cancels Fiscal 2016 Earnings Conference Call a..
BU
2017POPEYES LOUISIANA KITCHEN : Exclusive - Burger King and Tim Hortons owner nears ..
RE
More news
Technical analysis trends AFC ENTERPRISES, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Managers
NameTitle
Felipe Athayde President
Matthew Brandon Chief Financial Officer
Jill M. Granat Secretary & Director
Matthew Dunnigan Director & Vice President
Flavio Montini Treasurer
Sector and Competitors