Papa John's income climbs 56% in '09

by Eric Schroeder
Share This:

LOUISVILLE, KY. — Net income at Papa John’s International, Inc. in the year ended Dec. 27, 2009, totaled $57,453,000, equal to $2.07 per share on the common stock, up 56% from $36,796,000, or $1.31 per share, in fiscal 2008. Net sales were $1,106,033,000, down 2.3% from $1,132,087,000. Papa John’s said the sales decline reflected a drop in commissary sales.

For the fourth quarter ended Dec. 27, net income was up 7% to $13,698,000, or 50c per share, from $12,776,000, or 46c per share, in the same period a year ago. Net sales in the quarter rose narrowly to $280,478,000 from $279,646,000.

“Our system had a solid fourth quarter and a very good 2009 in a challenging consumer environment,” said John Schnatter, founder, chairman and chief executive officer. “The investments made in our system over the last 15 months, supported by a favorable commodities environment, helped drive positive transaction momentum and some of the most profitable unit economics in the history of our company.”

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.