Papa Johns 2014 Annual Report Download - page 65

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52
The following table presents the actual average block price for cheese by quarter in 2014, 2013 and 2012.
Also presented is the projected 2015 average block price by quarter (based on the February 17, 2015
Chicago Mercantile Exchange cheese futures prices for 2015):
2015 2014 2013 2012
Projected Block Block Block
Market Price Price Price
Quarter 1 1.564$ 2.212$ 1.662$ 1.522$
Quarter 2 1.650 2.131 1.784 1.539
Quarter 3 1.786 2.141 1.740 1.750
Quarter 4 1.778 1.991 1.849 1.939
Full Year 1.695$ 2.119$ 1.759$ 1.692$