July domestic sales off 3% at Papa John's

Aug. 5, 2002

LOUISVILLE, Ky. -- Papa John's International, Inc. (NASDAQ: PZZA) announced its domestic systemwide comparable sales for the four weeks ended July 28 decreased 3.1 percent (composed of a 2.2 percent decrease at company-owned stores and a 3.4 percent decrease at franchise stores).

According to a company release, sales were negatively impacted by the timing of the national media-supported summer promotion, which ran in June 2002 as compared to July 2001.

Total systemwide international sales increased 6.4 percent, on a constant U.S. dollar basis, over the comparable period last year.

As of July 28, there were 2,769 Papa John's restaurants (595 company-owned and 2,174 franchised) operating in 49 states and nine international markets. Papa John's also owns or franchises 163 Perfect Pizza restaurants (two company-owned and 161 franchised) in the U.K.

Topics: Public Companies

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