Papa John's Pizza posts positive December, flat ''04

 
Jan. 4, 2005

LOUISVILLE, Ky. — Papa John's International, Inc. announced that domestic systemwide comparable sales for the five weeks ended Dec. 26, 2004 increased 2.3 percent (composed of a 0.9 percent increase at company-owned stores and a 2.8 percent increase at franchise stores).

According to a news release, domestic systemwide comparable sales for the quarter ended Dec. 26, 2004 increased 0.7 percent (composed of a 0.8 percent decrease at company-owned stores and a 1.2 percent increase at franchise stores).

Domestic systemwide comparable sales for the year increased 0.1 percent (composed of a 0.5 percent increase at company-owned stores and flat results at franchise stores).

"I'm proud of both our domestic corporate and franchise operators for running positive sales in 2004 in the face of a very tough competitive and operating environment," said Papa John's founder and CEO John Schnatter. "We're pleased to have positive sales momentum heading into 2005."

Total international sales rose 5 percent for the year, on a constant U.S. dollar basis, over the comparable period last year.

"We are well positioned for continued international unit and sales growth as we begin 2005," said Bill Van Epps, chief operations officer.

The company finished the year with 2,829 units (569 company-owned and 2,260 franchised) operating in 49 states and 20 international markets. Papa John's also franchises 118 Perfect Pizza restaurants in the UK.


Topics: Papa John's , Public Companies


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