Papa Johns 1999 Annual Report Download - page 31
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Year Ended
Dec. 26, Dec. 27, Dec. 28,
1999 1998(1) 1997 (1)
Income Statement Data:
Revenues:
Restaurant sales 49.1% 50.4% 50.9%
Franchise royalties 5.1 4.7 4.6
Franchise and development fees 0.8 0.8 1.0
Commissary sales 38.4 37.4 35.8
Equipment and other sales 6.6 6.7 7.7
Total revenues 100.0 100.0 100.0
Costs and expenses:
Restaurant cost of sales (2) 25.4 26.9 26.5
Restaurant operating expenses (2) 54.7 53.5 55.1
Commissary, equipment and other expenses (3) 90.5 91.7 91.6
General and administrative expenses (4) 6.8 7.8 7.5
Advertising litigation expense (5) 0.8 - -
Pre-opening and other general expenses (4) 0.4 0.5 0.3
Depreciation and amortization (4) 3.1 3.0 4.0
Total costs and expenses 91.0 92.2 93.2
Operating income 9.0 7.8 6.8
Investment income 0.4 0.6 0.8
Income before income taxes and cumulative effect of a
change in accounting principle 9.4 8.4 7.6
Income tax expense 3.5 3.3 3.0
Income before cumulative effect of a change in
accounting principle 5.9 5.1 4.6
Cumulative effect of accounting change, net of tax (4) - (0.4) -
Net income 5.9% 4.7% 4.6%
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