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TheStreet Open House

Papa John’s Announces Second Quarter 2012 Results

Stocks in this article: PZZA

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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