AFC Enterprises
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| Type | Public (NASDAQ: AFCE) |
|---|---|
| Industry | Eating Places |
| Headquarters | Sandy Springs, Georgia, U.S. |
| Key people | Cheryl A. Bachelder |
| Revenue |  US$148 Million (FY 2009)[1] |
| Operating income | US$36.6 Million (FY 2009)[1] |
| Net income | US$18.8 Million (FY 2009)[1] |
| Total assets |  US$117 Million (FY 2009)[2] |
| Total equity | US$-18.2 Million (FY 2009)[2] |
| Employees | 1,600[3] |
| Website | www.afce.com |
AFC Enterprises (NASDAQ: AFCE) is the Sandy Springs, Georgia-headquartered[4][5] company that owns Popeye's Chicken & Biscuits. AFC Enterprises is a publicly traded company.
AFC was formerly the franchiser of Seattle's Best Coffee and Cinnabon. In 2003 the company came under investigation from the Internal Revenue Service as part of the accounting scandal of Arthur Anderson. AFC was forced to sell off its Seattle's Best Coffee division to Starbucks and in 2004 sold its international division and Cinnabon to FOCUS Brands, Inc. In late 2004, AFC sold off its Church's Chicken division to Arcapita (formerly Crescent Capital Investments), a venture-capital firm that also is the parent of Caribou Coffee.
In August 2004, the company sued the now-defunct Arthur Andersen company for malpractice and breach of contract, alleging that its accountants failed to catch the problems they were hired to when performing audits for 2000, 2001, and 2002.
[edit] References
- ^ a b c AFC Enterprises (AFCE) annual SEC income statement filing via Wikinvest
- ^ a b AFC Enterprises (AFCE) annual SEC balance sheet filing via Wikinvest
- ^ "Company Profile for AFC Enterprises Inc (AFCE)". http://www.zenobank.com/index.php?symbol=AFCE&page=quotesearch. Retrieved 2008-10-20.
- ^ "Company Profile." AFC Enterprises. Retrieved on February 23, 2010.
- ^ "City Council Districts." City of Sandy Springs. Retrieved on July 4, 2009.
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