Papa John's Announces August Comparable Sales Results
LOUISVILLE, Ky., Sept. 2 /PRNewswire-FirstCall/ -- Papa John's International, Inc. (Nasdaq: PZZA) today announced that domestic systemwide comparable sales for the four weeks ended August 24, 2003 decreased 2.4% (composed of a 2.6% decrease at company-owned restaurants and a 2.3% decrease at franchise restaurants).
Total systemwide international sales for August increased 3.3%, on a constant U.S. dollar basis, over the comparable period last year.
August Intl sales were up. You can try and fool some of the people some of the time but you can't fool all the people all the time. Shorty. One of the few managements that know what they are doing. It is such a sad fact like all the great management teams like pzza's get hurt in the spin by morons. Go buy Enron or something.
There is no reason why someone would be here to bash the stock unless they have a put on it or a short.
Management, don't listen to these fools. You have a fan here! I like your moves and I respect you more than the last two presidents. Please continue the buybacks for awhile.
Intl sales up??? Big deal. 90% of the stores are U.S. They are now negative for 2 years in a row. Eventually they will turn positive because of the lower sales. Profits are down, more stores close than new opened, poor customer service all add up to more problems. They need to ask Wade Oney to come back and run the company. John can't do it!!!!!
If you notice, the increase in international sales is quoted as system wide, not comps. Depending on how many stores they opened, (or converted from Perfect Pizza in the UK) the international side may very well have been negative in comps as well...
Food for thought...
Pj's is in some deep trouble... They have been spiraling downward for quite some time, and the vortex will be hard to escape. Eventually though, they will "back" in to positive sales...