Papa John's has solid finish to 2009

by Bryan Salvage
Share This:
LOUISVILLE — Papa John’s International Inc. announced net income for the fourth quarter of 2009 was $13.7 million, or $0.49 per diluted share, compared to 2008 fourth quarter net income of $12.8 million, or $0.46 per diluted share. Revenues were $280.5 million for the fourth quarter of 2009, compared to revenues of $279.6 million in 2008.

Net income for 2009 was $57.5 million, or $2.06 per diluted share, compared to net income of $36.8 million, or $1.30 per diluted share, for 2008. Consolidated revenues for 2009 were $1.11 billion, representing a 2.3% decrease from revenues of $1.13 billion for 2008.

“Our system had a solid fourth quarter and a very good 2009 in a challenging consumer environment,” said John Schnatter, Papa John’s 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 Meat and Poultry News do not reflect those of Meat and Poultry 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.