Tuesday, December 15, 2009

Papa John's Announces Earnings Guidance for 2010

•Projected 2010 earnings per share of $1.70 to $1.90, excluding the impact of BIBP, but including potential volatility in the 2010 price of cheese
•Projected domestic system-wide comparable sales in 2010 ranging from positive 1% to negative 1%
•Projected 2010 international system-wide sales increase of 15% to 20%
•Projected 2010 worldwide net new unit openings of 140 to 180 (40 to 60 net openings for domestic and 100 to 120 net openings for international)
•The 2010 guidance includes a planned increase in the domestic royalty rate from 4.50% to 4.75% effective at the beginning of 2010, although the company at its discretion may contribute a portion of this increase back to the system to support marketing or other activities
•2009 EPS guidance is reaffirmed in the range of $1.42 to $1.46, excluding the impact of BIBP

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