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Papa John’s Announces Third Quarter 2012 Results

Global Restaurant and Comparable Sales Information

 
  Three Months Ended   Nine Months Ended

Sept. 23,

2012

 

Sept. 25,

2011

Sept. 23,

2012

 

Sept. 25,

2011

 
Global restaurant sales growth (a) 7.1 % 8.3 % 7.6 % 8.3 %
 

Global restaurant sales growth, excluding the impact of foreign currency (a)

7.4 % 7.6 %

8.0

% 7.7 %
 
Comparable sales growth (b)
Domestic company-owned restaurants 5.0 % 6.3 % 5.1 % 5.0 %
North America franchised restaurants 1.7 % 4.9 % 2.4 % 3.6 %
System-wide North America restaurants 2.5 % 5.3 % 3.0 % 3.9 %
 
System-wide international restaurants 6.9 % 4.7 % 7.1 % 5.0 %
 

(a) Includes both company-owned and franchised restaurant sales.

 

(b) Represents the change in year-over-year sales for the same base of restaurants for the same fiscal periods. Comparable sales results for restaurants operating outside of the United States are reported on a constant dollar basis, which excludes the impact of foreign currency translation.

 

Management believes global restaurant and comparable sales information, as defined in the table above, is useful in analyzing our results since our franchisees pay royalties that are based on a percentage of franchise sales. Franchise sales generate commissary revenue in the United States and in certain international markets. Global restaurant and comparable sales information is also useful in analyzing industry trends and the strength of our brand. Franchise restaurant sales are not included in company revenues.

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