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Papa John’s Announces First Quarter 2012 Results

See the Management’s Discussion and Analysis of Financial Condition and Results of Operations section of our Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission for additional information concerning our operating results and cash flow for the three-month period ended March 25, 2012.

Global Restaurant Unit Data

At March 25, 2012, there were 3,933 Papa John’s restaurants operating in all 50 states and in 33 countries, as follows:

Domestic Company- Owned

Franchised North America

Total North America
    International     System-wide

First Quarter
Beginning - December 25, 2011 598 2,463 3,061 822 3,883
Opened - 47 47 23 70
Closed (1 )     (12 )     (13 )     (7 )     (20 )
Ending - March 25, 2012 597       2,498       3,095       838       3,933  
Restaurant unit growth (decline) (1 )     35       34       16       50  
% increase (decrease) (0.2 %)     1.4 %     1.1 %     1.9 %     1.3 %

Our development pipeline as of March 25, 2012 included approximately 1,500 restaurants (300 units in North America and 1,200 units internationally), the majority of which are scheduled to open over the next six years.

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