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Papa John's International net income rose in Q2

RBR Staff Writer Published 07 August 2013

International pizza chain Papa John's International reported second-quarter net income of $17.2m, compared to $14.3m in the comparable quarter last year.

Total revenues increased by 9.6% to $349.2m, from $318.6m in the corresponding period last year.

During second quarter, the chain opened 1,000th international outlet as well as 55 outlets worldwide.

For the six month period ended 30 June, revenues were $704.8m, an 8.5% increase from revenues of $649.9m for the same period in 2012.

Net income was $36.5m, compared to $31.3m for the same period in 2012.

North America franchise royalty revenue increased 3.4%, for the six months. Domestic commissary sales increased 7.5%, primarily due to increases in sales volumes as well as increases in the prices of commodities. International revenues increased 19.9%.

As of 30 June, the chain operated 4,252 Papa John's restaurants in all 50 states and in 34 countries.