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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.