AFC Enterprises Q2 Profit Rises; Backs FY13 Adj. EPS Outlook

(RTTNews) - AFC Enterprises Inc. (AFCE) Wednesday reported second-quarter net income $8.5 million or $0.35 per share, compared to $6.6 million or $0.27 per share in the same period last year.

On an adjusted basis, earnings were $0.75 per share, up 21% from $0.62 per share in the prior year.

On average, four analysts polled by Thomson Reuters expected the company to earn $0.31 per share for the quarter. Analysts' estimates typically exclude special items.

Meanwhile, revenues totaled $47.9 million, up from $39.6 million in the prior year, while two analysts had consensus revenue estimate of $45.35 million for the quarter.

Looking ahead to the fiscal year 2013, the company reiterates adjusted earnings per diluted share to be at the upper end of $1.37 to $1.42 for fiscal 2013. Analysts currently expect the company to earn $1.40 per share for 2013.