Redesigning a store is a tricky thing to navigate. But Cramer said this company has done it well.
"Last year, AFC Enterprises decided that its Popeyes stores needed a facelift," Cramer explained. Since that time the company has remade 35% of its domestic locations, transforming them into Popeyes Louisiana Kitchen, an homage to the company's origins.
"These remodeled restaurants are seeing sales volumes that are four percentage points higher than the system average, a very nice bump," Cramer said.
And the company intends to redesign substantially more stores. "By the end of the year, AFCE expects to have remodeled 60% of their domestic stores," Cramer explained.
And even though shares have climbed more than 30% ytd, Cramer expects the advance to continue. "I think on that metric alone (remodeled restaurants generating higher sales) there's still a lot of upside left," Cramer explained.