000516 Interfood’s Popeye’s Unit Has Record RevenueMay 16, 2000Miami - Interfoods of America, Inc., the Miami-based Popeye's Chicken & Biscuits Franchisee announced its second quarter results for the quarter ended March 31, 2000. Revenue for the second quarter increased to $19,965,480 from $7,432,948 in the same period last year. The Company reported net income for the second quarter of $288,831 or $0.05 per share compared to a net loss of $189,391 or $0.03 per share a year ago. Revenue for the six-month period ended March 31, 2000 increased to $32,460,164 from $13,475,821 in the same period last year. The net income for the six-month period ended March 31, 2000 was $595,115 or $0.10 per share compared to a net loss of $349,772 or $0.06 per share a year ago. Robert S. Berg, Chairman and Chief Executive Officer stated: “We are thrilled with our performance during the second quarter, especially taking into account the fact that we absorbed 37 stores in January. It is a credit to our team to be able to continually absorb our acquisition successfully.” Interfoods of America, Inc. is the largest Popeye's Chicken & Biscuits franchise partner in the United States with 91 restaurants located in five states. Through the development of new restaurants and the acquisition of existing restaurants, Interfoods of America, Inc. has grown from 11 restaurants in the Miami area to 91 restaurants in six markets over the past few years. Popeye's Chicken & Biscuits is the second-largest chicken chain in the world in terms of sales. It offers unique Cajun, or New Orleans, style chicken along with side dishes that include red beans and rice, shrimp and crawfish, as well as mashed potatoes and gravy. The brand has a presence in 40 states and 23 countries worldwide.
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