Papa John’s International, Inc. (NASDAQ: PZZA) today announced that systemwide comparable sales for the five weeks ended September 24, 2000 increased 1.4%, comprised of a 3.4% increase at company-owned restaurants and a 0.6% increase at franchised units. Systemwide comparable sales for the third quarter ended September 24, 2000 increased 0.6%, comprised of a 2.2% increase at company-owned restaurants and flat results at franchised units.
September results were favorably impacted by the timing of the Company’s 2000 fall national advertising promotion relative to the timing of the 1999 promotion. In 1999, the fall promotion ran entirely in the October period, while in 2000 the promotion spans both September and October.
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At September 24, 2000, there were 2,509 Papa John’s restaurants (622 company-owned and 1,887 franchised) operating in 48 states and nine international markets. Papa John’s also owns or franchises 203 Perfect Pizza restaurants (7 company-owned and 196 franchised) in the United Kingdom. For more information about the company, visit Papa John’s at http://www.papajohns.com.
Restaurant Progression
Papa John's International, Inc.
As of September 24, 2000
Franchise
Corporate Domestic International Total
Papa John's Restaurants
Beginning of Period 606 1,784 46 2,436
Opened 13 56 10 79
Converted 5 0 0 5
Closed (1) (10) 0 (11)
Acquired (divested) (1) 1 0 0
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End of period 622 1,831 56 2,509
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Perfect Pizza Restaurants
Beginning of Period 12 -- 196 208
Opened 0 -- 2 2
Converted (5) -- 0 (5)
Closed 0 -- (2) (2)
Acquired (divested) 0 -- 0 0
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End of period 7 -- 196 203
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