Industry News | October 8, 2002
Papa John’s Reports September Same Store Sales Increase
Papa John's International, Inc. (NasdaqNM:PZZA) announced today an increase in comparable sales (stores open more than one year) of 0.4% for the five week period ending September 29. Company owned stores outpaced franchised stores with a 2% increase versus a 0.1% decrease. Year-to-date domestic systemwide sales decreased 1.2%.
Given year-to-date performance and the current competitive environment, Papa John’s has lowered its guidance for fiscal 2002 from a range of flat to +2% to a range of flat to –2%.
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