Chains sees increased traffic, but smaller checks because of discounting
Papa John's International Inc. reported higher second-quarter revenue on new locations and positive same-store sales, but said it continues to be pressured by competitor discounting. For the June 27-ended second quarter, Papa John’s net income was $13.2 million, or 49 cents per share, compared with $14.2 million, or 51 cents per share, in the year-earlier period. Excluding the impact of consolidating BIBP Commodities Inc., the chain’s franchisee-owned purchasing cooperative, Papa ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!