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


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

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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
Popeyes® Louisiana Kitchen
Alicia Thompson, 678-429-1179
Karlie Lahm, 404-966-3350

© Business Wire 2011
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