Papa John's Announces June, Second Quarter and Year-to-Date Comparable Sales Results
Domestic system-wide comparable sales for the quarter ended June 25, 2006 increased 4.7% (composed of a 4.6% increase at company-owned restaurants and a 4.7% increase at franchise restaurants). Comparable results for the second quarter of 2006 were unfavorably impacted by approximately 0.4% due to the timing of the Easter holiday weekend, which has lower sales volumes than a typical weekend. The Easter holiday occurred in the March period in 2005 and in the April period in 2006.
Domestic system-wide comparable sales for the six months ended June 25, 2006 increased 4.4% (composed of a 5.3% increase at company-owned restaurants and a 4.2% increase at franchise restaurants).
Total system-wide international sales for Papa John's branded units increased 27.7% for June, 23.2% for the quarter and 26.0% for the year-to-date, on a constant U.S. dollar basis, over the comparable periods last year.
Earnings results for the second quarter will be released at the close of business on August 1, 2006. A conference call with management will be held on August 2, 2006 at 10:00 a.m. Eastern time to discuss second quarter results.
At June 25, 2006, there were 2,960 Papa John's restaurants (516 company-owned and 2,444 franchised) operating in 49 states and 24 countries. For more information about the company, visit Papa John's at http://www.papajohns.com.
CONTACT: Papa John's International, Inc.
SOURCE: Papa John's International, Inc.