AFC Enterprises Inc. announced that John F. Hoffner is retiring from the Board of Directors following the expiration of his current term and will not stand for re-election at the annual shareholders meeting in 2013. Mr. Hoffner has served on the Board of Directors since 2006 and currently serves as the chair of the Audit Committee and as a member of the People Services (Compensation) Committee.

AFC Enterprises Inc. Presents at Sidoti Emerging Growth Institutional Investor Forum, Mar-19-2013 . Venue: The Grand Hyatt Hotel, New York, New York, United States.

AFC Enterprises Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 30, 2012. For the quarter, the company report’s total revenues were increased 30% to $47.5 million compared with $36.3 million for the same period last year. Operating profit was $14.6 million compared with $9.4 million for the same period last year. Income before income taxes was $13.7 million compared with $8.5 million for the same period last year. Net income was increased 40% to $8.6 million or $0.35 diluted per share compared with $5.7 million or $0.23 diluted per share for the same period last year. Adjusted net income was $8.2 million or $0.34 per share diluted against $6.0 million or $0.24 per share diluted a year ago, a 42% increase. Global same store sales were 6.2%, compared to 5.8% in 2011. Domestic same-store sales were 6.4% on top of a 5.9% increase last year. International same-store sales for the fourth quarter were positive 4.3% on top of 4.6% last year. For the full year, the company reported total revenues of $178.8 million compared with $153.8 million for the same period last year. Operating profit was $51.3 million compared with $40.7 million for the same period last year. Income before income taxes was $47.7 million compared with $37.0 million for the same period last year. Net income was $30.4 million or $1.24 diluted per share compared with $24.2 million or $0.97 diluted per share for the same period last year. Adjusted net income was $30.4 million or $1.24 per share diluted against $24.7 million or $0.99 per share diluted a year ago. Operating EBITDA was $55.9 million compared with $45.4 million for the same period last year. Net cash provided by operating activities was $40.2 million compared with $32.1 million for the same period last year. Capital expenditures were $27.3 million compared with $7.6 million for the same period last year. Free cash flow was $36.7 million, compared to $28.5 million in 2011. The $10.5 million increase in operating EBITDA was primarily the result of higher franchise revenues and higher company-operated restaurant operating profit, partially offset by its strategic investments to accelerate global sales and new restaurant development. The company provided earnings guidance for the year 2013. For, the year, the company expects adjusted earnings per diluted share in the range of $1.37 to $1.42, a 10% to 14% will continue to be largely driven through growth and operating profit and EBITDA. Effective income tax rate is expected to be approximately 37%, compared to 36.3% in 2012. Capital expenditures for the year are expected to be $24 to $28 million, including the conversion of acquired restaurants in California and Minnesota and the development of company-operated restaurants. Same-store sales growths are expected to be in a range of 3% to 4%. For the year 2013, the company expects opening of new restaurants in the range of 175 to 195, and net restaurant openings in the range of 85 to 115, for a net unit growth rate of 4% to 5.5%. During 2013, the Company expects to open and operate 6-10 new restaurants.