Papa John's Increases Stock Repurchase Authorization by $50 Million
The company announced that to date it has repurchased $705.1 million of its stock since the inception of the repurchase program in 1999. As of June 29, 2008, the company had approximately 28.7 million shares of common stock outstanding on a fully diluted basis (approximately 28.1 million actual shares outstanding).
As of June 29, 2008 Papa John's had 3,270 restaurants (670 company-owned and 2,600 franchised) operating in all 50 states and 28 countries. For more information about the company, visit Papa John's at http://www.papajohns.com.
CONTACT: Papa John's International, Inc.
David Flanery, 502-261-4753
Chief Financial Officer
SOURCE: Papa John's International, Inc.