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Papa John’s Announces Fourth Quarter and Full Year 2014 Results
2015 Operating Assumptions and Earnings Guidance Announced
LOUISVILLE, Ky.--(BUSINESS WIRE)--February 24, 2015--Papa John’s International, Inc. (NASDAQ: PZZA)today announced financial results for the fourth quarter and fiscal year ended December 28, 2014.
- Fourth quarter earnings per diluted share of $0.52 in 2014 compared to $0.41 in 2013, an increase of 26.8%; Earnings per diluted common share of $1.75 for the full year increased 12.9% over earnings per diluted common share of $1.55 for 2013
- System-wide comparable sales increases of 4.1% for North America and 8.9% for International for the fourth quarter; System-wide comparable sales increases of 6.7% for North America and 7.4% for International for the full year
- 126 net global restaurant openings in the fourth quarter and 235 for the full year, of which 181 were International and 54 were in North America
“I’d like to congratulate our corporate and franchise operators, who drove outstanding comparable sales to overcome a historically difficult commodity environment and deliver another record year for Papa John’s,” said Papa John’s founder, chairman, president and CEO, John Schnatter. “In 2015, we will continue to steadily grow the Papa John’s brand by leveraging our digital advantage, expanding our global footprint, and most important, consistently delivering a demonstrably better pizza.”
Fourth quarter 2014 revenues were $425.5 million, a 9.7% increase from fourth quarter 2013 revenues of $387.9 million. Fourth quarter 2014 net income increased 12.8% to $21.2 million, compared to fourth quarter 2013 net income of $18.8 million. Fourth quarter 2014 diluted earnings per share increased 26.8% to $0.52, compared to fourth quarter 2013 diluted earnings per share of $0.41.
Full year 2014 revenues were $1.60 billion, an increase of 11.1% from 2013 revenues of $1.44 billion. Full year 2014 net income was $73.3 million, compared to 2013 net income of $69.5 million. Full year diluted earnings per share were $1.75 compared to 2013 diluted earnings per share of $1.55, an increase of 12.9%.
The following information was filed by Papa Johns International Inc (PZZA) on Tuesday, February 24, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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