Papa John's net soars in first quarter

by Staff
Share This:

LOUISVILLE, KY. — Net income at Papa John’s International, Inc. totaled $17,839,000 in the first quarter ended March 29, equal to 64c per share on the common stock, up 107% from $8,625,000, or 30c per share, in the same period a year ago. Net sales were $284,972,000, down from $289,005,000. The decline in sales reflected the divestiture of 62 company-owned restaurants to franchisees during the fourth quarter of 2008.

The company reaffirmed its e.p.s. guidance at $1.36 to $1.44.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.