Papa John's Grows with Employee Incentive Program

According to Nation’s Restaurant News, “Papa John’s International Inc. told investors during an earnings conference call that growing its system of pizza restaurants, both in the United States and abroad, would power sustainable growth, even as its main competitors stir up the segment with aggressive pricing and discounting.”

“Officials of the 3,516-unit chain credited the development incentive program of the past few years for bolstering its domestic franchise system and said the imminent hiring of a new president for its international division, expected within the next 30 days, would spur growth and eventual profitability of Papa John’s restaurants abroad. Papa John’s spoke with investors after reporting a dip in net income for the June 27-ended second quarter, to $13.2 million, or 49 cents per share. Revenue rose 4.5 percent to $280.6 million, reflecting more restaurants in operation and a 0.4-percent bump in domestic systemwide same-store sales. Click here for more on Papa John’s latest results.”

Read more: http://nrn.com/article/heard-call-papa-johns#ixzz0vk7SXRuz