Despite having to lap an extra operating week in the year-earlier fourth quarter, Papa John’s International Inc. grew its same-store sales 9 percent in North America and 7 percent internationally for the Dec. 29-ended fourth quarter of 2013. The sales growth, coupled with 265 net new units opened around the world, led to an 8.3-percent increase in net income for the quarter.
Separately, Papa John’s also said Monday that advertising agency Grey will be the pizza chain’s new agency of record. Grey, which also is the agency for the National Football League, won Papa John’s account after the brand opened a creative review in November.
4Q NET INCOME
Result: $18.8 million, or 41 cents per share% Increase: 8.3% (from $17.4 million, or 37 cents per share)
4Q REVENUE
Result: $387.9 million% Increase: 5.6% (from $367.3 million)
4Q SAME-STORE SALES
% Increase at domestic units: 9.0%
% Increase at international units: 7.0%
Source: Company report
FULL YEAR NET INCOME
Result: $69.5 million, or $1.55 per share% Increase: 12.8% (from $61.7 million, or $1.29 per share)
FULL YEAR REVENUE
Result: $1.44 billion% Increase: 7.2% (from $1.34 billion)
FULL YEAR SAME-STORE SALES
% Increase at domestic units: 4.0%
% Increase at international locations: 7.5%
Source: Company report
RELATED:
• Papa John's 3Q profit rises 9.6%
• Papa John’s 2Q profit rises 20%
• More restaurant finance news
Contact Mark Brandau at [email protected].
Follow him on Twitter: @Mark_from_NRN
