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NPC comps up nearly 5 percent
November 7, 2007
OVERLAND PARK, Kan. — Comparable-store sales at Pizza Hut franchisee NPC International Inc. rose 4.9 percent in the third quarter ended Sept. 25, 2007, compared with a comp increase of 0.2 percent for the 2006 third quarter, the company has announced.
The comp increase marks the fifth consecutive quarter of comparable-store sales growth for the company.
Net sales for the quarter were $173.3 million, up 17 percent compared with net sales of $148 million for the third quarter of 2006. Year-to-date, net sales were $518.3 million, up 13 percent compared with net sales of $459.7 million for the first nine months of 2006.
Net income for the quarter was $1.8 million compared with a net loss of $2.4 million for the same period last year. Year-to-date, net income was $5.6 million compared with a loss of $3.1 million for the same period last year.Net income for 2006 included $24 million in transaction expenses that were not replicated this year.
NPC International Inc. is the world's largest Pizza Hut franchisee and operates 891 Pizza Hut restaurants and delivery units in 24 states
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