Papa John’s Announces Key Operating Assumptions and Earnings Guidance for 2011

(Hospitality Business News) December 21, 2010 - - - Company Reaffirms 2010 Earnings Guidance; Year-end BIBP Deficit to be Retired by Company as part of Multi-Year National Marketing Fund Agreement with Domestic Franchisees .

Highlights

• Projected 2011 earnings per share of $2.00 to $2.12, an increase of over 16% as compared to the reaffirmed 2010 earnings range of $1.74 to $1.80 per share at the mid-point, excluding the impact of the franchisee-owned cheese purchasing company, BIBP Commodities, Inc. (BIBP)

Read More:

Papa John's Q3 profit misses Street, cuts FY EPS view

Nov 3 (Reuters) - Papa John's International's (PZZA.O) quarterly profit missed market expectations as higher commodity costs and heavy discounting dented its operating margins and it cut the upper end of its 2010 adjusted earnings view.

The company cut the upper end of its 2010 earnings view by 2 cents and now targets earnings of $1.74-$1.80 a share for the year.
Papa John's added that current pricing and promotional environment in the pizza category, coupled with increasing commodity costs trends, would result in continued restaurant margin pressures in the fourth quarter.

Read More:

Papa John's Announces Second Quarter Results

•Second quarter earnings per diluted share, excluding the impact of consolidating the results of the BIBP cheese purchasing entity, of $0.43 in 2010 vs. $0.36 in 2009
•Second quarter earnings per diluted share including the results of BIBP of $0.49 in 2010 vs. $0.51 in 2009
•Domestic system-wide comparable sales increased 0.4% for the second quarter
•International franchise system sales increased 12% for the second quarter
Read More:

Papa John's global president Mitchell resigns

(May 12, 2010) Papa John’s International Inc. said chief financial officer David Flanery would oversee the company’s global operations on an interim basis following the resignation of its president of global operations, William M. Mitchell.

In filing made Tuesday with the Securities and Exchange Commission, Papa John's said Mitchell had resigned April 29 and that it had agreed to pay him $463,906 in severance.

Jude Thompson, Papa John’s president who recently was promoted to co-chief executive, informed investors of Mitchell’s resignation during the company’s most recent earnings conference call.

Read More:

Papa John's Announces First Quarter Results

•First quarter earnings per diluted share, excluding the impact of consolidating the results of the BIBP cheese purchasing entity, of $0.54 in 2010 vs. $0.43 in 2009


•First quarter earnings per diluted share of $0.62 in 2010 vs. $0.64 in 2009

•Domestic system-wide comparable sales decreased 0.4%

•International franchise system sales increased 17% for the quarter (9% excluding the impact of foreign currency exchange rates)

•22 worldwide net unit openings during the quarter

•Earnings guidance for 2010 updated to a range of $1.72 to $1.87 per diluted share, excluding BIBP
 
Read More:

Papa John’s passes $2B in online sales

Papa John’s International Inc. Monday surpassed the $2 billion mark in online sales since 2001, when the company began offering the option through its Web site, www.papajohns.com.

The pizza chain reached $1 billion in online sales in 2008. At that time, the company predicted it would take three years to reach another $1 billion in online revenue.

Read More:

Papa John's Announces Fourth Quarter and Full-Year 2009 Earnings

•Fourth quarter earnings per diluted share of $0.49 in 2009 vs. $0.46 in 2008 and full-year earnings per diluted share of $2.06 in 2009 vs. $1.30 in 2008
•Fourth quarter earnings per diluted share, excluding noted items, were $0.41 in 2009 vs. $0.48 in 2008 and full-year earnings per diluted share, excluding noted items, were $1.50 in 2009 vs. $1.68 in 2008
•Domestic system-wide comparable sales decreased 0.5% for the quarter and were even for the year
•International franchise system sales increased 18% for the quarter (13% excluding the impact of foreign currency exchange rates) and 14% for the year (24% excluding the impact of foreign currency exchange rates)
•11 net Papa John's worldwide unit openings during the quarter and 89 net openings during the year
•Earnings guidance for 2010 reaffirmed at a range of $1.70 to $1.90 per diluted share, excluding the impact of consolidating BIBP

Read more:

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

Read more:

Papa John’s rolls out franchisee incentive plan

Papa John’s International Inc. has rolled out an incentive-laden plan aimed at attracting more franchisees for its pizza stores.

Louisville-based Papa John’s (NASDAQ: PZZA) said it will eliminate its $25,000 franchise fee, reduce its royalty rate and cover the cost of pizza ovens for franchisees that open stores in the United States by November 2010

Read more:

Krispy Kreme Expanding in Caribbean

[2009-10-21] Krispy Kreme Doughnut Corporation announced that it entered into a franchise development agreement with Dominspec, S.A. for the development of 14 Krispy Kreme shops over the next five years in the Dominican Republic. Dominspec, S.A. is a quick-service restaurant conglomerate that operates Burger King and Papa John's restaurants in the Dominican Republic.

Read more:

Domino’s Pizza (U.K.) expects bumper year after third-quarter sales surge

Domino's Pizza expects to exceed expectations for the full financial year after boosting sales by more than 10% in the third quarter. The pizza takeaway chain saw like-for-like sales rise by 10.8% in the 13 weeks to September 27 as marketing campaigns, including its sponsorship of ITV show Britain's Got Talent, helped to boost trading.

Read more:

How Papa John's got started

Fortune Magazine) -- When I was 12, I started a gutter-painting company at my grandfather's house. He was my mentor, and he expected us to work at an early age. My dad was into politics. He was the youngest city judge in Indiana's history, and he ran for lieutenant governor. So when Dad was on the road, Mom took us over to our grandfather's

Read more:

Papa John's Lays off 35

Papa John’s International Inc. (NasdaqGS: PZZA - News) recently announced job cuts at its headquarters in Louisville. The company pared off 35 of its 600 employees, exposing its vulnerability to the crumbling economy

Read more:

Family threatens lawsuit over Papa John's Camaro

A Northeastern Kentucky family is threatening to sue Papa John's over a dispute tied to the company's recent promotion, according to a story on MNSBC.

The promotion, "Papa John's Road Trip," asked people around the country to help locate John Schnatter's 1971 Z-28 Camaro, the car he sold in the 1980s in part to help buy pizza-making equipment. Jeff Robinson of Flatwoods, Ky., the car's most recent owner, claimed the $250,000 prize.

Read more:

Papa John's Announces Second Quarter Earnings

LOUISVILLE, Ky., Aug 04, 2009 (BUSINESS WIRE) -- Papa John's International, Inc. (NASDAQ: PZZA) today announced revenues of $276.6 million for the second quarter of 2009, representing a decrease of 2.4% from revenues of $283.4 million for the comparable period in 2008. Net income for the second quarter of 2009 was $14.2 million, or $0.51 per diluted share (including after-tax income of $4.2 million, or $0.15 per diluted share, from the consolidation of the results of the franchisee-owned cheese purchasing company, BIBP Commodities, Inc. ("BIBP"), a variable interest entity), compared to 2008 second quarter net income of $7.6 million, or $0.27 per diluted share (including a net loss of approximately $4.1 million, or $0.14 per diluted share, from the consolidation of BIBP).

Read more:
http://ir.papajohns.com/phoenix.zhtml?c=115556&p=irol-newsArticle&ID=1316779&highlight=

Papa John's Reports First Quarter Earnings

LOUISVILLE, Ky., May 05, 2009 (BUSINESS WIRE) -- Papa John's International, Inc. (NASDAQ: PZZA):
Highlights
First quarter earnings per diluted share of $0.64 in 2009 vs. $0.30 in 2008
Comparable first quarter earnings per diluted share, excluding the consolidation of BIBP and restaurant impairment and disposition losses, were $0.43 in 2009 vs. $0.50 in 2008, a decrease of 14.0%
Domestic system-wide comparable sales increase of 0.3% for the quarter
24 net Papa John's worldwide unit openings during the quarter
Earnings guidance for 2009 reaffirmed at a range of $1.36 to $1.44 per diluted share, excluding the impact of consolidating BIBP