LOUISVILLE, Ky.–(BUSINESS WIRE)–Papa John’s International, Inc. (NASDAQ:PZZA – news) today announced domestic systemwide comparable sales declined 0.4% for the five weeks ended December 30, 2001, composed of a 1.0% increase at franchised restaurants and a 4.1% decrease at company-owned restaurants. As previously announced, these results were positively impacted by approximately 2.2%, due to the timing difference in the reporting of Thanksgiving and New Year’s Eve. Both days were included in Period 12 in 2000 but were not included in Period 12 this year.


For the thirteen weeks ended December 30, 2001, domestic systemwide comparable sales declined 3.0%, composed of a 1.5% decrease at franchised restaurants and a 7.0% decrease at company-owned restaurants. For full-year 2001, domestic systemwide comparable sales were flat, composed of a 1.2% increase at franchised restaurants and a 2.9% decrease at company-owned restaurants.


Total systemwide international sales increased 15.4% for the five-week December period, 14.7% for the fourth quarter and 22.0% for the full-year 2001, on a constant U.S. dollar basis, over the comparable periods last year.


The company’s fiscal year 2000 consisted of 53 weeks, versus 52 weeks in 2001. Accordingly, each of the respective sales reporting periods compares average weekly sales in 2001 to average weekly sales in 2000. (For example, Period 12 results compare the five-week per store average in 2001 to the six-week per store average in 2000.)


Note: The company expects to release fourth quarter and full-year 2001 results after the close of the market on February 26, 2002.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

At December 31, 2001, there were 2,729 Papa John’s restaurants (611 company-owned and 2,118 franchised) operating in 47 states and nine international markets. Papa John’s also owns or franchises 193 Perfect Pizza restaurants (3 company-owned and 190 franchised) in the United Kingdom. For more information about the company, visit Papa John’s at http://www.papajohns.com.