Papa John's 3Q 'one of the best' in its history
Nov. 2, 2011
by Meat&Poultry Staff
LOUISVILLE, Ky. – Papa John’s International Inc. announced for the third quarter ended Sept. 25, earnings per diluted share were $0.44 in 2011 vs. $0.30 in 2010 ($0.32 in 2010 excluding the impact of franchisee-owned BIBP cheese purchasing entity, a 37.5 percent increase). System-wide comparable sales increased 5.3 percent for North America and 4.7 percent for International.
“I congratulate our operators throughout the world on achieving one of the best overall quarters in company history,” said John Schnatter, Papa John’s founder, chairman and chief executive officer. “We’ve now surpassed 3,000 restaurants in North America and are closing in on 800 international units as we continue to grow the Papa John’s brand throughout the world.”
Revenues were $305.7 million for the third quarter, an 11.9 percent increase from revenues of $273.1 million for same year-ago period. Net income was $11.1 million, compared to net income of $7.8 million for the third quarter of 2010.
Revenues were $911.7 million for the nine months ended Sept. 25, an 8.6 percent increase from revenues of $839.6 million for the same period in 2010. Net income was $39.7 million for the nine months ended Sept. 25, compared to net income of $37.9 million for the same period in 2010.