August pizza comps drop 1.2% at Papa John's

 
Aug. 31, 2004

LOUISVILLE, Ky. — Papa John's announced that domestic systemwide comparable-store sales for the four weeks ended Aug. 22, 2004, decreased 1.2 percent (composed of a 0.6 percent decrease at company-owned stores and a 1.4 percent decrease at franchise stores).

According to a news release, "the trend of increased ticket averages over prior-year results continued during August, reflecting systemwide efforts to reduce the level of discounting or, in some cases, increase menu prices, particularly as related to the value-added 'Pizza and Entertainment' promotional strategy."

The company also noted that, although a some of its units were damaged in recent severe weather in the Southeast and Atlantic coastal regions, the overall impact on August comps was minimal.

Total systemwide international comps for August increased 6.5 percent, on a constant U.S. dollar basis.

At the end of the period there were 2,786 Papa John's units (567 company-owned and 2,219 franchised) operating in 49 states and 16 international markets. Papa John's also franchises 123 Perfect Pizza units in the U.K.

Read related Papa John's stories by clicking here.


Topics: Papa John's , Public Companies


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