Popeye's 2007 Annual Report Download - page 5

2007 ANNUAL REPORT 3
It is no secret that food commodities,
packaging and labor costs are putting a great
deal of pressure on restaurant profitability.
We are working with our purchasing and
distribution cooperative, Supply Management
Services, Inc. (SMS), and our suppliers to help
keep a lid on pricing and freight increases. We
are also refocusing our attention to helping
each restaurant manager proactively manage
food costs and labor scheduling for an optimal
bottom line. This continuous improvement
process is essential to staying ahead in
our business.
In summary, 2008 will be focused on
strengthening the Popeyes system—the menu,
the operations, the profitability—so that we
can accelerate Popeyes unit growth in the
years ahead. To that end, we have announced
the commencement of a process to identify
experienced and qualified franchisees to
purchase our company-operated restaurants so
that we can re-purpose our resources towards
the critical initiatives of our operating plan.
I am proud of the entire Popeyes team and
their commitment to delivering our operating
plan. Together with our franchise owners, we
intend to make you a proud investor in our
brand Popeyes.
Sincerely,
Cheryl A. Bachelder
CEO and President
AFC Enterprises
Left to Right (Back Row)
Dave Smith, Chief Operating Officer, International; Stan Stout, Chief People and Technology Officer; Mel Hope, Chief Financial Officer;
Ron Whitt, Director, Strategic Management; Ralph Bower, Chief Operations Officer
Left to Right (Front Row)
Dick Lynch, Chief Marketing Officer; Alicia Thompson, Vice President, Communications; Cheryl Bachelder, President & CEO;
Sonny Cohen, Chief Administrative Officer, General Counsel
Popeyes Leadership Team