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 ...
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