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®.
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: Our business strategy, announced at the beginning of 2008, capitalizes on our strengths as a highly franchised restaurant system. The model provides diverse and reliable earnings with steady cash flow, and relatively low capital spending requirements. Over the last five years, the cash flow produced by our model has primarily been used to pay down debt and repurchase stock to enhance shareholder value.
Our strategy is built on the foundation of aligning and collaborating with our stakeholders, and is focused on the four pillars of our Strategic Plan listed below. We believe our execution of these proven strategies continued to deliver another year of positive results in 2010, making Popeyes more competitive and better positioned to gain market share and accelerate long-term growth as the consumer environment continues to improve.
Over the past three years, we have built a strong foundation for our domestic business. In 2011 our initiatives will remain focused on the same four successful strategies: build the brand, run great restaurants, strengthen unit economics, and ramp up unit growth. We will now build on this success by using the same Strategic Roadmap for our international business including making investments that we believe will help drive guest traffic, improve guest satisfaction, and strengthen our unit economics. This is the essential foundation for accelerating unit growth around the globe.
- Build a Distinct, Relevant 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 - reducing restaurant operating costs and increasing restaurant profitability while maintaining excellent food quality for our guests.
- Ramp Up 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 26, 2010, the Company operated and franchised 1,977 Popeyes restaurants in 45 states, the District of Columbia, Puerto Rico, Guam, the Cayman Islands and 26 foreign countries. Of the 1,542 domestic franchised restaurants, approximately 70% were concentrated in Texas, California, Louisiana, Florida, Illinois, Maryland, New York, Georgia, Virginia and Mississippi. Of the 397 international franchised restaurants, approximately 55% were located in Korea, Canada and Turkey. Of the 38 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.
400 Perimeter Center Terrace
Suite 1000
Atlanta, GA. 30346
Phone: 404-459-4450
Q: When did the Company go public?
A: AFC Enterprises, Inc. went public on March 2, 2001.
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: 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: PricewaterhouseCoopers LLP
Q: How can I obtain the Company's financial filings
A: The Company's SEC filing can be found at Investor Relations / SEC Filings.