Papa John's International Inc. (PZZA) said it expects fiscal year 2010 earnings per share in the range of $1.70 to $1.90, excluding the impact from the consolidation of the results of the franchisee-owned cheese purchasing company, BIBP Commodities, Inc. The projected earnings guidance range also includes the accretive impact of the expected execution of a share repurchase authorization throughout 2010.
Street analysts expect earnings of $1.74 per share.
Excluding the unfavorable impact on revenues of the deconsolidation of the franchise restaurants, the company expects consolidated revenues to increase approximately 3% to 5% in 2010 compared to 2009, due to worldwide unit growth, increases in the royalty rate and anticipated commodity cost increases resulting in higher commissary sales prices.
The company reaffirmed its earnings guidance for the fiscal year 2009 in the range of $1.42 to $1.46 per share, excluding the impact of BIBP. Street analysts expect earnings of $1.47 per share.
The company said it expects domestic system-wide comparable sales to range from an increase of 1% to a decrease of 1% in 2010, with results for company-owned and franchised units expected to be relatively consistent. Worldwide net unit growth in 2010 is expected to be in the range of 140 to 180 units, including an increase of 40 to 60 units domestically and 100 to 120 units internationally.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.