Papa John’s Announces Second 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- and six-month periods ended June 24, 2012.

Global Restaurant Unit Data

At June 24, 2012, there were 3,973 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
Second Quarter
Beginning - March 25, 2012		597			2,498			3,095			838			3,933
Opened		-			35			35			32			67
Closed		(2	)		(10	)		(12	)		(15	)		(27	)
Acquired		56			8			64			-			64
Divested		(8	)		(56	)		(64	)		-			(64	)
Ending - June 24, 2012		643			2,475			3,118			855			3,973
Year-to-date
Beginning - December 25, 2011		598			2,463			3,061			822			3,883
Opened		-			82			82			55			137
Closed		(3	)		(22	)		(25	)		(22	)		(47	)
Acquired		56			8			64			-			64
Divested		(8	)		(56	)		(64	)		-			(64	)
Ending - June 24, 2012		643			2,475			3,118			855			3,973
Restaurants at June 26, 2011		595			2,393			2,988			745			3,733
Restaurant unit growth		48			82			130			110			240
% increase		8.1	%		3.4	%		4.4	%		14.8	%		6.4	%

Our development pipeline as of June 24, 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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