LOUISVILLE, Ky. -- Papa John's rising comparable-store sales trend continued in April as the No. 3 chain saw a rise of 8.6 percent (composed of a 9 percent increase at company-owned units and an 8.5 percent increase at franchised units) for its most recent four-week period.
According to a news release, U.S. system-wide comps rose 3.8 percent (composed of a 3.9 percent increase at company-owned units and a 3.7 percent increase at franchised units) for the 12 weeks ended March 27, 2005. Revenues were $252.4 million, up 6.5 percent over the same period in 2004. Net income was $10 million, versus $8.5 million in the comparable period.
Total system-wide international sales increased 12.9 percent for the first quarter, on a constant U.S. dollar basis, over the comparable period in 2004.
The chain opened 41 units during the period, but closed 29. As of March 27, there were 2,845 Papa John's units in operation (570 company-owned and 2,275 franchised) in 49 states and 18 countries. The chain also franchises 114 Perfect Pizza units in the UK.