Papa John's net soars in first quarter

by Staff
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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.

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