Industry News | October 12, 2001

Papa John's Announces September 3Q Sales Results

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Papa John's International, Inc. (NASDAQ: PZZA) today announced that systemwide comparable sales for the five weeks ended September 30, 2001 decreased 0.1%, composed of a 1.4% increase at franchised units and a 4.1% decrease at company-owned restaurants. Systemwide comparable sales for the third quarter ended September 30, 2001 were flat, composed of a 1.3% increase at franchised units and a 3.3% decrease at company-owned restaurants. Total systemwide international sales increased 21.9% for the five-week period and 22.8% for the third quarter on a constant U.S. dollar basis, over the comparable periods last year.

The company reaffirmed that it expects third quarter earnings per share to be in the middle to upper middle of the previously announced range of $0.42 to $0.49. The company is scheduled to announce third quarter earnings results on October 30 after the market close.