Papa John's income climbs 12% in '08
February 25, 2009
by Eric Schroeder
LOUISVILLE, KY. — Net income at Papa John’s International, Inc. totaled $36,796,000 in the fiscal year ended Dec. 28, equal to $1.31 per share on the common stock, up 12% from $32,735,000, or $1.10 per share, in fiscal 2007. Net sales were $1,132,087,000, up 6% from $1,063,595,000.
"Our system performed solidly in 2008 and 2009 is off to a good start," said John Schnatter, founder, chairman and interim chief executive officer. "With improvement in the commodities markets, and good momentum in our system during the first two months of the year, we are pleased to be able to increase our earnings guidance range for 2009."
The company raised its e.p.s. guidance to $1.36 to $1.44 from $1.32 to $1.40.