Popeye's 2014 Annual Report Download - page 89

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DESIGN BY MENTUS
SHAREHOLDER INFORMATION
PRINCIPAL OFFICE
400 Perimeter Center Terrace
Suite 1000
Atlanta, GA 30346
404-459-4450
STOCK TRANSFER AGENT
Computershare Trust Company, N.A.
P. O. Box 30170
College Station, TX 77845
800-962-4284
www.computershare.com
OTHER INFORMATION
The Company’s press releases, annual
reports, and other information can be
accessed through the Company’s website at
www.popeyes.com/investors.
ANNUAL MEETING
PLKI’s 2015 Annual Meeting will be held at:
Hilton Garden Inn—Atlanta Perimeter Center
1501 Lake Hearn Drive
Atlanta, GA 30319
May 21, 2015, 8:30 AM EST
FORM 10-K
The Company’s 2014 Annual Report on Form
10-K, as filed with the Securities and Exchange
Commission, is being delivered with this Letter to
Our Stakeholders. Copies of the Annual Report on
Form 10-K are also available without charge upon
written request to:
Popeyes Louisiana Kitchen, Inc.
400 Perimeter Center Terrace
Suite 1000
Atlanta, GA 30346
Attn: Investor Relations
www.popeyes.com/investors
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Forward-Looking Statement: Certain statements in this Annual Report to Shareholders contain “forward-looking statements” within the meaning of the federal
securities laws. Statements regarding future events and developments and our future performance, as well as management’s current expectations, beliefs, plans,
estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a
number of risks and uncertainties. Examples of such statements in this Annual Report to Shareholders include discussions regarding the Company’s planned
implementation of its strategic plan, expectations regarding future growth, planned share repurchases, projections and expectations regarding same-store sales for
fiscal 2015 and beyond, expected capital expenditures, guidance for new restaurant openings and closures, effective income tax rate, and the Company’s anticipated
2015 and long-term performance, including projections regarding general and administrative expenses, net earnings per diluted share, and similar statements of
belief or expectation regarding future events. Among the important factors that could cause actual results to differ materially from those indicated by such
forward-looking statements are: competition from other restaurant concepts and food retailers, disruptions in the financial markets, the loss of franchisees and
other business partners, labor shortages or increased labor costs, increased costs of our principal food products, changes in consumer preferences and
demographic trends, as well as concerns about health or food quality, instances of avian flu or other food-borne illnesses, general economic conditions, the loss of
senior management and the inability to attract and retain additional qualified management personnel, limitations on our business under our credit facility, our
ability to comply with the repayment requirements, covenants, tests and restrictions contained in our credit facility, failure of our franchisees, a decline in the
number of franchised units, a decline in our ability to franchise new units, slowed expansion into new markets, unexpected and adverse fluctuations in quarterly
results, increased government regulation, the reliability of our information technology and network security, effects of volatile gasoline prices, supply and delivery
shortages or interruptions, cyber security risks, currency, economic and political factors that affect our international operations, inadequate protection of our
intellectual property and liabilities for environmental contamination and the other risk factors detailed in the accompanying Annual Report on Form 10-K and other
documents we file with the Securities and Exchange Commission. Therefore, you should not place undue reliance on any forward-looking statements.
©2015. POPEYES LOUISIANA KITCHEN, INC. ALL RIGHTS RESERVED.
FINANCIAL HIGHLIGHTS & KEY OPERATIONAL METRICS
(dollars in millions, except per common share data) 2014 2013 2012
Franchise royalties and fees $ 131.3 $ 121.9 $ 110.5
Total revenues (1) $ 235.6 $ 206.0 $ 178.8
Net income $ 38.0 $ 34.1 $ 30.4
Earnings per common share, diluted (2) $ 1.60 $ 1.41 $ 1.24
Adjusted earnings per common share, diluted (3,6) $ 1.65 $ 1.43 $ 1.24
Operating EBITDA (4,6) $ 74.7 $ 65.2 $ 55.9
Operating EBITDA margin (4,6) 31.7% 31.7% 31.3%
Free Cash Flow (5,6) $ 48.0 $ 42.5 $ 35.3
Global system-wide sales growth (7) 12.3% 8.2% 13.5%
Domestic same store sales growth 6.3% 3.6% 7.5%
International same-store sales growth 5.1% 4.7% 2.6%
Global same-store sales growth 6.2% 3.7% 6.9%
New restaurant openings 201 194 141
Total restaurants 2,379 2,225 2,104
See page 14 for definitions, computations and reconciliations to GAAP measures.