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Bojangles' beats estimates, raises outlook

Fast food chicken chain Bojangles' reported quarterly earnings and revenue that beat analysts' expectations on Thursday. It also raised its annual guidance.

Its shares rose 1 percent after the report. (Click here to track the chicken company's stock.)

The company posted second-quarter earnings of 23 cents per share, up from 16 cents a year ago. Revenue increased 13 percent to $121 million from $107 million. Same-stores sales, a key industry metric, grew 4.4 percent.

Wall Street expected fast food chicken chain Bojangles' would delivery quarterly earnings of 16 cents a share and $120 million in revenue, according to a consensus estimate from Thomson Reuters.

Bojangles
Source: Bojangles

Bojangles' systemwide same store sales were expected to rise 3.5 percent, according to Consensus Metrix.

The chain raised its guidance for the full fiscal year. It now expects total revenues between $483.5 million and $487.5 million and adjusted earnings of 75 cents to 78 cents a share. The Street expected $484 million and 69 cents per share.

Since its public debut in May, shares of chicken chain Bojangles have risen about 23 percent. The chain, which has a sizable presence in the Southeast, is known for its fried chicken and buttermilk biscuits.