Feb. 1, 2005
LOUISVILLE, Ky. — Papa John's International, Inc. announced in a news release that domestic system-wide comparable sales for the four weeks ended Jan. 23 increased 2 (composed of a 2.5 percent increase at company-owned units and a 1.8 percent increase at franchise units).
Total system-wide international sales for the period rose 14.2 percent, on a constant U.S. dollar basis, over the comparable period last year.
"I'm pleased that our momentum from the second half of 2004 has carried into 2005," said John Schnatter, founder and chairman of the board. "Running 2 percent positive in January is especially strong considering we were comping against very strong sales results last January."
The release also mentioned that the company's board of directors approved to increase the ceiling on its common stock repurchasing program to $450 million. To date it has repurchased $424.9 million under the repurchase program.
As of Jan. 23, Papa John's had 2,825 units (570 company-owned and 2,255 franchised) operating in 49 states and 20 international markets. Papa John's also franchises 117 Perfect Pizza units in the UK.