×

50 Popeyes restaurants affected by flooding in Louisiana

Popeye's restaurant
Source: WhisperToMe | Wikimedia Commons

Some 50 Popeyes Louisiana Kitchen restaurants have been impacted by flooding in Louisiana, executives said Wednesday.

Restaurants have been affected for about two to four days, said William Matt, Popeyes chief financial officer, during an earnings call. The flooding has had a "pretty nominal impact" on Popeyes' fiscal third-quarter, he said.

As of the end of the fiscal second-quarter, Popeyes operated and franchised more than 2,500 restaurants.

During the call, executives didn't detail the specifics of any potential damage or lost sales at the restaurants due to the heavy rains, but CEO Cheryl Bachelder characterized it as "a little bit of impact."

"Fortunately, all of our employees are safe," a spokeswoman told CNBC, explaining that most of the restaurants have since reopened.

Popeyes shares fell sharply Wednesday after the company reported weaker-than-expected same-store sales growth in the latest quarter and cut its forecast for same-store sales growth this year.