LOUISVILLE Ky. Papa John’s International Inc. said this week its 2009 profit could fall as much as 21 percent from expected earnings this year as sales continue to slow and the chain closes more locations than it opens in the United States. One-time charges from steps the franchisor is taking to help franchisees survive this tough economic cycle, like financing aid and royalty relief, also will hurt 2009’s per-share earnings by between $12 million and $14 million, or 30 ...
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 NRN we ask that you register now. We promise it will only take a few minutes!