Papa John’s International, Inc. (NASDAQ: PZZA) today announced financial results for the first quarter ended March 30, 2014.
- First quarter earnings per diluted share of $0.45 in 2014 compared to $0.42 in 2013
- System-wide comparable sales increases of 9.6% for North America and 6.4% for international
- 2014 guidance reaffirmed
“I’d like to congratulate our operators on delivering another excellent quarter, especially considering the commodity headwinds we’ve seen thus far in 2014,” said Papa John’s founder, chairman and CEO, John Schnatter. “I’m extremely confident that we will continue to drive the business forward globally by building on the quality advantages we have established over the past 30 years. We will also continue to capitalize on digital expertise, with our industry-leading digital sales mix approaching 50% of total sales and almost 60% of all delivery sales.”
First quarter 2014 revenues were $401.4 million, a 12.9% increase from first quarter 2013 revenues of $355.6 million. Net income was $19.3 million for both the first quarter of 2014 and 2013. First quarter 2014 diluted earnings per share were $0.45 compared to first quarter 2013 diluted earnings per share of $0.42.
Global Restaurant and Comparable Sales Information
|Global restaurant sales growth (a)||12.5||%||6.1||%|
Global restaurant sales growth, excluding the impact of foreign currency (a)
|Comparable sales growth (b)|
|Domestic company-owned restaurants||11.4||%||3.9||%|
|North America franchised restaurants||8.9||%||0.8||%|
|System-wide North America restaurants||9.6||%||1.6||%|
|System-wide international restaurants||6.4||%||8.2||%|