Oct. 3, 2005
LOUISVILLE, Ky. — The impact of Hurricanes Katrina and Rita threw just a little cold water on steady third-quarter results reported by Papa John's International.
According to a news release, domestic system-wide comparable-store sales for the five weeks ended Sept. 25, 2005, increased 3.4 percent (composed of an 8.2 percent increase at company-owned units and a 1.9 percent increase at franchise units).
Domestic system-wide comparable sales for the quarter ended Sept. 25 increased 3.9 percent (composed of an 8.7 percent increase at company-owned units and a 2.3 percent increase at franchise units).
According to the company, comps at company-owned stores rose on higher transactions, while franchise store comps were boosted by increased ticket averages.
About 150 franchised units in the Gulf Coast region were closed for one or more days during the third quarter as a result of both hurricanes. Most of those units are reopened or are expected to reopen in October. Seven franchise units are not expected to reopen for an extended period.
The storms accounted for a 1 percent loss in comps in September and a 0.4 percent decline in the quarter.
Total system-wide international comps increased 9.7 percent for September and 12.4 percent for the quarter, on a constant U.S. dollar basis.