Frequently Asked Questions
Q: Can I purchase stock directly from AFC?
A: No, AFC does not sell stock directly. The stock can be purchased through a broker.
Q: When was the Company founded?
A: AFC Enterprises, Inc. was founded in Atlanta in 1992. AFC Enterprises, Inc. develops, operates, and franchises quick-service restaurants ("QSRs" or "restaurants") under the trade name Popeyes® Chicken & Biscuits and Popeyes® Louisiana Kitchen (Collectively "Popeyes"). Within Popeyes, the Company manages two business segments: franchise operations and company-operated restaurants.
Q: What is AFC's position in the restaurant industry?
A: AFC Enterprises, Inc. is the franchisor and operator of Popeyes®, the world's second-largest quick-service chicken concept based on number of units.
Q: What is AFC Enterprises business strategy?
A: AFC's business strategy, announced at the beginning of 2008, capitalizes on Popeyes strengths as a highly franchised restaurant system. The model provides diverse and reliable earnings with steady cash flow, and low capital spending requirements. The cash flow provided by the Company's model has primarily been used to pay down debt and repurchase stock to enhance shareholder value. With the successful launch of this new long-term growth strategy, during 2009 and 2008, the Company re-directed capital and resources to fund strategic growth initiatives, reduced its long term debt by $50.2 million, repurchased 2.1 million shares of AFCE common stock for $19 million, and refranchised 27 company-operated restaurants.
The Company's strategic plan is built on the foundation of aligning and collaborating with its stakeholders, and is focused on the four pillars. Management believes its execution of these strategies gained traction in 2009, making Popeyes more competitive and better positioned to gain market share and accelerate long-term growth as the consumer environment improves.
- Building the Popeyes Brand — offering a distinctive brand and menu with superior food at affordable prices.
- Running Great Restaurants — improving restaurant operations and Popeyes' guest experience by delighting the guest with "service as distinctive as our food".
- Strengthening Unit Economics — lowering restaurant operating costs and improving profitability while maintaining excellent food quality for its guests.
- Ramping Up New Unit Growth — building more restaurants across the U.S. and abroad with superior profits and investment returns.
Q: How many restaurants are in the Popeyes system?
A: As of December 27, 2009, the Company operated and franchised 1,943 Popeyes restaurants in 44 states, the District of Columbia, Puerto Rico, Guam and 27 foreign countries. Of the 1,539 domestic franchised restaurants, approximately 70% were concentrated in Texas, California, Louisiana, Florida, Illinois, Maryland, New York, Georgia, Virginia and Mississippi. Of the 367 international franchised restaurants, approximately 60% were located in Korea, Indonesia, Canada and Turkey. Of the 37 company-operated restaurants, more than 90% were concentrated in Louisiana and Tennessee.
Q: Where can I find a list of Popeyes U.S. restaurant locations?
A: You can find the location of Popeyes U.S. restaurants by visiting Popeyes Restaurant Locator.
Q: Where is the Company headquartered?
A: The address and telephone number of our corporate office:
AFC Enterprises, Inc.
5555 Glenridge Connector, NE
Suite 300
Atlanta, GA 30342
Phone: 404-459-4450
Q: When did the Company go public?
A: AFC Enterprises, Inc. went public on March 2, 2001.
Q: How can I become a franchisee?
A: If you are interested in becoming a Popeyes franchisee, please visit Popeyes Franchising.
Q: Who are the Company's independent auditors?
A: Grant Thornton LLP Atlanta, GA
Q: How can I obtain the Company's financial filings
A: The Company's SEC filing can be found at Investor Relations / SEC Filings.