Papa John's Posts 6.1% Comps

LOUISVILLE, KY-Pizza chain Papa John’s reported a 6.1% domestic same-store sales jump during its Q2, which ended June 26, from the same year-ago period. The increase was made up of a 7.6% gain by company-owned units and a 5.6% rise by franchised restaurants.

Additionally, its $242.1 million in revenues were an increase of 5.3%, while net income was $10.9 million, up from last year’s Q2 loss of $2.6 million. Company executives are predicting that same-store sales for the entire year will jump from between 4% and 6% from 2005′s numbers.

During it quarter, Papa John’s opened 55 restaurants, including one company-owned domestic store, 52 franchised US units and two franchised UK restaurants in the Perfect Pizza chain. The company currently operates 571 company-owned and 2,304 franchised units in 49 states and 19 countries, as well as 114 UK Perfect Pizza restaurants.