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Papa John’s Announces Third 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 nine-month periods ended September 23, 2012.

Global Restaurant Unit Data
 

At September 23, 2012, there were 4,029 Papa John’s restaurants operating in all 50 states and in 34 countries, as follows:
 
 

Domestic

Company-

owned
 

Franchised

North

America
 

Total

North

America
  International   System-wide

Third Quarter
       
Beginning - June 24, 2012 643 2,475 3,118 855 3,973
Opened 2 45 47 28 75
Closed - (9 ) (9 ) (10 ) (19 )
Acquired 1 3 4 - 4
Divested (3 )   (1 )   (4 )   -     (4 )
Ending - September 23, 2012 643     2,513     3,156     873     4,029  
 

Year-to-date
Beginning - December 25, 2011 598 2,463 3,061 822 3,883
Opened 2 127 129 83 212
Closed (3 ) (31 ) (34 ) (32 ) (66 )
Acquired 57 11 68 - 68
Divested (11 )   (57 )   (68 )   -     (68 )
Ending - September 23, 2012 643     2,513     3,156     873     4,029  
 
Restaurants at September 25, 2011 597     2,413     3,010     770     3,780  
 
Year-over-year restaurant unit growth 46     100     146     103     249  
 
% increase 7.7 %   4.1 %   4.9 %   13.4 %   6.6 %
 

Our development pipeline as of September 23, 2012 included approximately 1,500 restaurants (300 restaurants in North America and 1,200 restaurants internationally), the majority of which are scheduled to open over the next six years.

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