Papa John's Sept. U.S. same-store sales up 3.4%
150 Franchise Restaurants Impacted by Hurricanes Katrina and Rita - Seven Restaurants Closed
Papa John's International, Inc. (NASDAQ:PZZA) announced that domestic system-wide comparable sales for the five weeks ended September 25, 2005 increased 3.4% (composed of an 8.2% increase at company-owned restaurants and a 1.9% increase at franchise restaurants). Domestic system-wide comparable sales for the quarter ended September 25, 2005 increased 3.9% (composed of an 8.7% increase at company-owned restaurants and a 2.3% increase at franchise restaurants).
The company noted a continuation in the recent trend that the comparable sales results for company-owned restaurants were primarily attributable to increased transactions while the results for franchise restaurants were primarily attributable to increased ticket average.
Approximately 150 franchise restaurants in the Gulf Coast region were closed for one or more days during the third quarter as a result of the impact of Hurricanes Katrina and Rita, and have either already reopened or are expected to reopen in October. An additional seven franchise restaurants were closed as a result of the impact of Hurricane Katrina and are not expected to reopen for an extended period of time.
The lost sales attributable to the temporarily closed restaurants were estimated to negatively impact reported system-wide comparable sales by approximately 1.0% for September and by approximately 0.4% for the quarter. The impact of the ongoing temporary closure of certain of these restaurants on October comparable sales results is not expected to be significant. The seven franchise restaurants not expected to reopen in the near future have been counted as closed units in the third quarter restaurant progression and their results have been excluded from the reported comparable sales results.
Total system-wide international sales increased 9.7% for September and 12.4% for the quarter, on a constant U.S. dollar basis, over the comparable periods last year.
At September 25, 2005, there were 2,894 Papa John's restaurants (572 company-owned and 2,322 franchised) located in 49 states and 19 countries. Papa John's also franchises 113 Perfect Pizza restaurants in the United Kingdom.
The company noted a continuation in the recent trend that the comparable sales results for company-owned restaurants were primarily attributable to increased transactions while the results for franchise restaurants were primarily attributable to increased ticket average.
Approximately 150 franchise restaurants in the Gulf Coast region were closed for one or more days during the third quarter as a result of the impact of Hurricanes Katrina and Rita, and have either already reopened or are expected to reopen in October. An additional seven franchise restaurants were closed as a result of the impact of Hurricane Katrina and are not expected to reopen for an extended period of time.
The lost sales attributable to the temporarily closed restaurants were estimated to negatively impact reported system-wide comparable sales by approximately 1.0% for September and by approximately 0.4% for the quarter. The impact of the ongoing temporary closure of certain of these restaurants on October comparable sales results is not expected to be significant. The seven franchise restaurants not expected to reopen in the near future have been counted as closed units in the third quarter restaurant progression and their results have been excluded from the reported comparable sales results.
Total system-wide international sales increased 9.7% for September and 12.4% for the quarter, on a constant U.S. dollar basis, over the comparable periods last year.
At September 25, 2005, there were 2,894 Papa John's restaurants (572 company-owned and 2,322 franchised) located in 49 states and 19 countries. Papa John's also franchises 113 Perfect Pizza restaurants in the United Kingdom.