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Papa John’s International Inc. promoted Bill Mitchell to senior vice president of domestic operations. Previously, Mitchell
served as division vice president for the Midwest for the company. (Company Release 2/15/07)
Papa John’s International Inc. hired Tim Scott as vice president of marketing for the company’s international division.
Previously, Scott served as senior vice president of sales and marketing for Churchill Downs Inc. (NRN Daily NewsFax
3/29/07)
Papa John’s International Inc. hired Derek Walker as vice president, R&D/Quality Management. Previously, Walker served as
an executive with the Sara Lee Corporation. (Company Release 4/6/07)
Papa John’s International Founder and Chairman John H. Schnatter will change his status to “non-employee.” Schnatter’s
duties as chairman might not change, and he will continue as the company’s advertising spokesman. Schnatter offered to be
compensated through stock option grants instead of cash. (NRN Daily NewsFax 5/15/07)
Papa John’s top executive in charge of international growth, Robb Chase, has resigned after being with the company for only
nine months. Chase has been offered an opportunity with a private equity firm in Toronto. David Flanery, Chief Financial
Officer for the company, will oversee the international division until a permanent replacement can be found. In addition, Lou
Jones has been hired as Senior Vice President and General Counsel. Previously, Jones served as Senior Vice President for
Blockbuster Inc. (Courier-journal.com 6/1/07)
News & Other |
Papa John’s reported for the third quarter net earnings increased 21.2% to $13.1 million from $10.8 for the same period last
year. Revenues grew 2.8% to $239.7 million from $233.1 million. Same-store sales rose 4.5%. (Company Release 10/31/06)
Papa John’s International Inc. reported for November same-store sales decreased 0.3%. (NRN Daily NewsFax 11/29/06)
Papa John’s teamed with Hoops for a multi-year sponsorship and concession agreement. The deal begins with Hoops’
Louisville, KY, location. (Company Release 12/4/06)
Papa John’s International Inc. will provide the foodservice operations for Hoops, a new basketball-themed recreation center.
The first Hoops location is set to open in Louisville, KY, in early 2007. The Papa John’s unit will be 3,500-sq.ft. and serve
breakfast items, salads and sandwiches as well as pizzas. (Nation’s Restaurant News Online 12/05/06)
Papa John’s International Inc. reported for the year ended December 31 same-store sales increased 30.4%. (Company
Release 1/9/07)
Papa John’s reported for the fourth quarter, net earnings increased 32% to $19 million from $14.4 million for the same period
last year. Revenues grew 11.9% to $277.9 million from $248.4 million. Same-store sales fell 0.5%. For the year, net earnings
grew 37.5% to $63.4 million from $46.1 million. Revenues increased to $10 million from $968.8 million. Same-store sales rose
3.1%. (Company Release 2/27/07)
Papa John’s International reported for the first quarter net earnings decreased 17.5% to $13.2 million from $16 million for the
same period last year. Revenues increased 7.5% to $260.6 million from $242.3 million. Domestic systemwide same-store
sales rose 0.2%. (Company Release 5/8/07)
Papa John’s International Inc. Chairman and Founder, John H. Schnatter, sold 263,944 of the company’s shares for $33.42
apiece. The sale took place on May 11. (Associated Press 5/15/07)
Papa John’s International Inc. has been recognized as the “2007 Pizza Chain of the Year” by industry magazine Pizza Today.
According to a news release from the publication, the chain was selected for its leadership and financial performance.
(Bizjournals.com 7/6/07)
Pizza Hut, Papa John’s and other large pizza chains had to raise the prices of their pizzas because of rising cheese costs.
Both Pizza Hut and Papa John’s raised the prices of cheese pizzas to equal the price of a one-topping pizza. The cheese
pizzas cost the chains more because they require an extra cup of cheese. (Dailyherald.com 7/11/07)
Papa John’s International Inc. reported for the second quarter ended July 1 net earnings were $7.0 million, compared to $15.3
million for the same period last year. Revenues increased 6.1% to $256.3 million from $241.6 million. Same-store sales
decreased 1.1% domestically, but grew 2.1% worldwide. (Company Release 8/7/07)
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