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NPC comps up 3.9 percent
March 16, 2008
OVERLAND PARK, Kan. — Comparable-store sales at Pizza Hut franchisee NPC International Inc. increased 3.9 percent for the fourth quarter ended Dec. 25, 2007, the company announced. For the full year, comps increased 3.2 percent.
The fourth quarter increase marks the sixth consecutive quarter of comp growth. Comps at NPC have increased 36 out of the last 38 quarters.
Revenues for the company were $179.5 million in the 2007 fourth quarter, up 13 percent compared with revenues of $158.7 million in the 2006 fourth quarter. Revenues for the year were $697.8 million, up 13 percent compared with revenues of $618.3 million for 2006.
Net income for the quarter was $2.1 million, up 432 percent compared with net income of $395,000 in the 2006 fourth quarter. For the year, net income was $7.8 million compared with a loss of $2.7 million for 2006.
"We anticipate that 2008 will be another challenging year for those of us competing in this segment as the consumer is expected to continue to experience unprecedented pressure on disposable income," said Jim Schwartz, president and CEO of NPC. "In addition, commodities and labor will remain a challenge for us with continued inflation and minimum wage increases. However, I believe that we are very well positioned to navigate these challenges and we are committed to making 2008 another successful year for the company and its stakeholders."
NPC International Inc. is the world's largest Pizza Hut franchisee and currently operates 888 Pizza Hut restaurants and delivery units in 24 states.
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