National chain serving Louisiana fried chicken.
400 Perimeter Center Terrace, Suite 1000
Atlanta, GA 30346
CEO: Cheryl Bachelder
Stock Symbol: PLKI
Popeyes was founded in New Orleans, Louisiana in 1972 and is the world's second largest fast-food chicken chain based on the number of units.
Popeyes is known for its unique "New Orleans" style menu that features spicy fried chicken, chicken sandwiches, chicken tenders, fried shrimp, cajun fries, Red Beans and Rice and other regional items. Popeyes has a passion for its New Orleans heritage and flavorful authentic food.
As of December, 2013, Popeyes had 2,225 restaurants operating in the United States, Puerto Rico, Guam, the Cayman Islands and 28 foreign countries. Most locations are franchised.
Popeyes was operated by AFC Enterprises, which develops and franchises restaurants under the Popeyes name.The companAFC Enterprises, is the President of Popeyes chain. AFC Enterprises changed its name in 2014 to Popeye's Louisiana Kitchen.
AFC reported system-wide sales increases of 15% in 2013. Total revenues for the year were $206.0 million. Net income for 2013 was $34.1 million.
The company opened 194 new restaurants in 2013 and plans to open 180-200 new Popeyes restaurants this year with 10-15 company owned.
In 1972, Al Copeland opened a fast-food restaurant called Chicken on the Run in a suburb of New Orleans which featured mild fried chicken. Business was slow so Copeland decided to spice up the chicken and reopened the restaurant as Popeyes, named after the character Popeye Doyle from the movie French Connection.
Soon, Popeyes added 500 restaurants over the next decade and opened its first international location in Toronto in 1984.
In 1989, Copeland Entrerprises, which operated Popeyes, bought the Church's chicken chain. Copeland Enterprises filed for bankruptcy in 1991.
In 1992, America's Favorite Chicken Company, Inc. is created as the new parent company to Popeyes and Churchs. The company changes its name to AFC Enterprises, Inc. in 1996.
Updated April 5, 2014